Key Points
- CFO James Bond Clement sold 6,299 shares on Feb. 24 at an average price of $16.02 for about $100,910, reducing his ownership by 4.88% to 122,837 shares, according to an SEC filing.
- FTK shares fell roughly 4.1%, opened at $15.15, trade near the 200-day SMA ($15.38) with a market cap of about $455 million and a 52‑week range of $6.05–$20.09.
- Analyst sentiment is mixed but leans positive—three Buys and two Holds—giving Flotek an average rating of Moderate Buy and an average target price of $21.33.
Flotek Industries, Inc. (NYSE:FTK - Get Free Report) CFO James Bond Clement sold 6,299 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $16.02, for a total transaction of $100,909.98. Following the transaction, the chief financial officer directly owned 122,837 shares in the company, valued at approximately $1,967,848.74. This represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Flotek Industries Stock Down 4.1%
FTK stock opened at $15.15 on Friday. The stock's 50 day simple moving average is $17.33 and its 200 day simple moving average is $15.38. The company has a market cap of $455.41 million, a P/E ratio of 17.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.54 and a current ratio of 1.77. Flotek Industries, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $20.09.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on FTK shares. Northland Securities reiterated an "outperform" rating and issued a $20.00 target price on shares of Flotek Industries in a report on Wednesday, December 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Flotek Industries in a research report on Monday, December 29th. Lake Street Capital began coverage on shares of Flotek Industries in a research note on Thursday, January 29th. They issued a "buy" rating and a $25.00 price objective for the company. Wall Street Zen downgraded Flotek Industries from a "buy" rating to a "hold" rating in a research note on Sunday, November 16th. Finally, Zacks Research lowered Flotek Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Flotek Industries currently has an average rating of "Moderate Buy" and an average target price of $21.33.
Get Our Latest Analysis on Flotek Industries
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Flotek Industries by 3.6% in the third quarter. Rhumbline Advisers now owns 22,400 shares of the oil and gas company's stock valued at $327,000 after acquiring an additional 770 shares during the period. First Trust Advisors LP lifted its stake in Flotek Industries by 3.2% in the 4th quarter. First Trust Advisors LP now owns 43,495 shares of the oil and gas company's stock worth $749,000 after purchasing an additional 1,335 shares in the last quarter. Barclays PLC boosted its holdings in Flotek Industries by 6.5% in the 4th quarter. Barclays PLC now owns 22,204 shares of the oil and gas company's stock valued at $383,000 after purchasing an additional 1,351 shares during the period. Informed Momentum Co LLC boosted its holdings in Flotek Industries by 2.2% in the 4th quarter. Informed Momentum Co LLC now owns 63,959 shares of the oil and gas company's stock valued at $1,102,000 after purchasing an additional 1,366 shares during the period. Finally, Aristides Capital LLC grew its position in shares of Flotek Industries by 4.6% during the 4th quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock valued at $541,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 10.90% of the company's stock.
Flotek Industries Company Profile
(
Get Free Report)
Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek's solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.
Flotek's operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.
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