Economy

Flotek Industries (NYSE:FTK) Receiving Somewhat Favorable Press Coverage, Report Finds

The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Sold All: 20 Reduced: 35 Increased: 47 New Position: 22. Wall Street News24 (The Investor Guide) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. It last reported revenues of $28.12 million and EPS of -$0.09 for the March 2017, representing 12% top-line growth and 0.01 EPS growth. Parametric Port Assoc Limited Liability Company holds 50,137 shares. Flotek Industries earned a news sentiment score of 0.08 on Accern's scale. Us State Bank De accumulated 0% or 98 shares.

Let's have a look at some of the important valuation ratios of the Flotek Industries, Inc.

Shares of Globalstar, Inc. Texas Permanent School Fund raised its position in Flotek Industries by 1.3% in the second quarter. Schwab Charles Inv Management Inc stated it has 235,800 shares. Teton Advsrs Inc has invested 0.03% in Flotek Industries Inc (NYSE:FTK). Flotek Industries, Inc. has 56.59 million shares outstanding, and in the last trade has seen ATR around 0.29. Moreover, Wasatch Advsrs Inc has 0.01% invested in Flotek Industries Inc (NYSE:FTK). ValuEngine lowered Flotek Industries from a "hold" rating to a "sell" rating in a research report on Friday, June 2nd.

Analysts expect Flotek Industries Inc (NYSE:FTK) to report $0.05 EPS on November, 1.They anticipate $0.10 EPS change or 200.00 % from last quarter's $-0.05 EPS. Seaport Global Securities also issued estimates for Flotek Industries' FY2017 earnings at $0.10 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.62 EPS and FY2019 earnings at $0.96 EPS. (NYSE:FTK) is seeing declines so far in today's trading session. It has underperformed by 23.03% the S&P500. Flotek Industries has a 52 week low of $4.56 and a 52 week high of $15.23. Therefore 80% are positive.

COPYRIGHT VIOLATION WARNING: "Zacks Investment Research Lowers Flotek Industries, Inc". KLR Group initiated it with "Buy" rating and $14.50 target in Monday, December 14 report. The firm has "Perform" rating by Oppenheimer given on Monday, July 27. The firm has "Perform" rating by Oppenheimer given on Wednesday, October 7.

Checking out some other company technical data, we have noted that Flotek Industries (FTK) now has a 9 day raw stochastic value of 8.58%. The stock's market capitalization is $307.30 million. It has a 1224.3 P/E ratio.

Many analysts have provided their estimated foresights on Flotek Industries Inc. The value of the investment in Flotek Industries, Inc. decreased from $492,000 to $159,000 decreasing 67.7% for the reporting period. "Announces Closing Of Drilling Technologies And ..." published on May 24, 2017, Bizjournals.com published: "Houston energy tech co. sells business segment to National Oilwell Varco" on May 03, 2017. Denver Investment Advisors LLC purchased a new position in Flotek Industries during the fourth quarter valued at about $392,000.

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