Key Points
- Director Matthew Wilks purchased 1,319,493 Flotek shares at an average price of $26.01, investing approximately $34.3 million and increasing his ownership by 836.22%.
- Flotek reported quarterly EPS of $0.26, beating estimates of $0.13, while revenue of $99.37 million exceeded the $69.51 million consensus forecast.
- Analysts maintain a generally positive outlook, with four Buy ratings, one Hold rating, and a $34.67 consensus price target; however, ongoing litigation related to the canceled Puerto Rico PREPA contract remains a risk.
Flotek Industries, Inc. (NYSE:FTK - Get Free Report) Director Matthew Wilks acquired 1,319,493 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $26.01 per share, with a total value of $34,320,012.93. Following the completion of the transaction, the director owned 1,477,285 shares of the company's stock, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Flotek Industries Stock Performance
Shares of NYSE:FTK opened at $26.93 on Wednesday. The stock has a market capitalization of $975.55 million, a P/E ratio of 27.21 and a beta of 1.47. Flotek Industries, Inc. has a 1-year low of $11.50 and a 1-year high of $39.67. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $27.01 and a two-hundred day moving average price of $21.80.
Flotek Industries (NYSE:FTK - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. The company had revenue of $99.37 million for the quarter, compared to the consensus estimate of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. Equities analysts predict that Flotek Industries, Inc. will post 0.76 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new stake in Flotek Industries in the first quarter valued at approximately $272,000. AWM Investment Company Inc. acquired a new stake in Flotek Industries in the second quarter worth $706,000. Aristides Capital LLC boosted its position in shares of Flotek Industries by 4.6% during the fourth quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock worth $541,000 after purchasing an additional 1,390 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Flotek Industries during the second quarter worth $1,160,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Flotek Industries in the 1st quarter valued at $876,000. Institutional investors own 10.90% of the company's stock.
Analyst Ratings Changes
FTK has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. Lake Street Capital raised their price target on Flotek Industries from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, JonesTrading started coverage on Flotek Industries in a research note on Thursday, July 9th. They set a "buy" rating and a $40.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.67.
Get Our Latest Research Report on Flotek Industries
Key Flotek Industries News
Here are the key news stories impacting Flotek Industries this week:
- Positive Sentiment: Lake Street raises price target to $44 and reiterates Buy. The new target implies substantial upside from the referenced share price and signals confidence in Flotek’s outlook despite recent volatility. Lake Street Capital price target report
- Positive Sentiment: FY2027 EPS estimates were increased. The upward revision suggests at least one analyst sees improving future profitability, which could help support investor sentiment. FY2027 EPS estimate report
- Neutral Sentiment: Multiple law firms are seeking lead plaintiffs for the same securities class action. Investors who purchased Flotek securities generally between August 3 and August 14 or 17, 2026, have until October 26, 2026 to seek lead-plaintiff status. The notices largely repeat one another rather than represent separate lawsuits. Faruqi and Faruqi class action notice
- Negative Sentiment: The litigation alleges Flotek made misleading disclosures about a roughly $400 million Puerto Rico PREPA contract. Claims reportedly focus on undisclosed doubts about consortium-partner capacity, an allegedly unauthorized signature, and the involvement of a convicted felon. The agreement’s unwind previously caused shares to fall nearly 30%, and the ongoing legal exposure may continue weighing on investor confidence. The allegations have not been proven. Flotek PREPA contract class action notice
About Flotek Industries
(
Get Free Report)
Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.
The company's principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek's CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.
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