Roth Capital Boosts Earnings Estimates for Flotek Industries

Flotek Industries, Inc. (NYSE:FTK) – Equities research analysts at Roth Capital increased their FY2025 earnings per share (EPS) estimates for shares of Flotek Industries in a research note issued to investors on Thursday, November 7th. Roth Capital analyst G. Sweeney now anticipates that the oil and gas company will post earnings of $0.43 per share for the year, up from their prior estimate of $0.41. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Flotek Industries’ current full-year earnings is $0.27 per share.

Flotek Industries (NYSE:FTK) last announced its earnings results on Monday, November 4th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $49.74 million for the quarter, compared to analysts’ expectations of $50.40 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same quarter in the previous year, the firm earned $0.04 earnings per share.

Separately, Roth Mkm raised their price target on shares of Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Thursday.

Flotek Industries Price Performance

FTK opened at $6.97 on Monday. Flotek Industries has a 1 year low of $2.64 and a 1 year high of $7.24. The company has a market capitalization of $207.78 million, a price-to-earnings ratio of 26.81 and a beta of 1.04. The firm’s fifty day moving average price is $4.94 and its two-hundred day moving average price is $4.50.

Institutional Trading of Flotek Industries

Hedge funds have recently bought and sold shares of the business. Sanders Morris Harris LLC bought a new position in Flotek Industries in the 3rd quarter valued at $137,000. Masters Capital Management LLC boosted its holdings in shares of Flotek Industries by 3.8% in the 1st quarter. Masters Capital Management LLC now owns 500,000 shares of the oil and gas company’s stock worth $1,870,000 after buying an additional 18,524 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Flotek Industries by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 545,246 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 39,695 shares during the last quarter. 10.90% of the stock is currently owned by institutional investors.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).