Economy

Flotek Industries, Inc. (FTK) Stake Lifted by UBS Oconnor LLC

Flotek Industries, Inc. (FTK) Stake Lifted by UBS Oconnor LLC”

The target implies a 57.31% spike from where the shares are now trading. Alimera Sciences Inc (NASDAQ:ALIM) has risen 0.67% since October 3, 2016 and is uptrending. It has outperformed by 22.53% the S&P500.

Flotek Industries (NYSE:FTK)'s revenue estimates for the current quarter are $86.2 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $86.2 Million in contradiction of low revenue estimates of $86.2 Million. The company has market cap of $299.28 million. The Firm develops and supplies chemistry and services to the gas and oil industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. It has a 1252.34 P/E ratio. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Investors sentiment decreased to 0.86 in Q2 2017. Its down 0.14, from 1.39 in 2017Q1. It dropped, as 62 investors sold BA shares while 534 reduced holdings. Finally, Viking Fund Management LLC bought a new position in shares of Flotek Industries during the second quarter valued at about $4,559,000.

The share price of Flotek Industries, Inc. Pacad Investment Ltd. now owns 17,800 shares with a value of $159,000. Parametric Port Assocs Ltd Liability Com holds 50,137 shares or 0% of its portfolio. Thrivent Financial For Lutherans invested 0% in Flotek Industries Inc (NYSE:FTK). Its up 0.06, from 1.02 in 2017Q1. M stated it has 0.23% of its portfolio in Boeing Co (NYSE:BA). Arrowstreet Capital LP invested in 250,900 shares. Jw Asset Mgmt Ltd Liability Corp has invested 0.86% in Alimera Sciences Inc (NASDAQ:ALIM). Dimensional Fund Advisors Lp invested in 0% or 1.12 million shares. Missouri-based Paradigm Fincl Ltd Co has invested 2.21% in Boeing Co (NYSE:BA). Vigilant Capital Mgmt Limited Liability reported 19 shares.

In terms of Buy, Sell or Hold recommendations, Flotek Industries (NYSE:FTK) has analysts' mean recommendation of 2. Therefore 100% are positive. Boeing has $303.0 highest and $125 lowest target. Wall Street analysts covering the stock are projecting that the stock will reach $8 within the next 52-weeks. Boeing had 70 analyst reports since August 26, 2015 according to SRatingsIntel. Vetr upgraded the stock to "Buy" rating in Tuesday, September 22 report. The firm has "Perform" rating given on Wednesday, October 7 by Oppenheimer.

11/19/2013 - Flotek Industries, Inc. had its "buy" rating reiterated by analysts at Singular Research. The stock has "Buy" rating by H.C. Wainwright on Friday, August 4. The stock has "Buy" rating by Cowen & Co on Monday, July 17. As per Monday, July 27, the company rating was upgraded by Oppenheimer. RBC Capital Markets maintained the stock with "Sector Perform" rating in Thursday, October 22 report. UBS has "Buy" rating and $285 target. RBC Capital Markets has "Hold" rating and $240.0 target. As per Thursday, September 3, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.08 in 2017 Q2. The insider LUTTIG J MICHAEL sold $1.47M. Kiltearn Ptnrs Limited Liability Partnership has 9.56% invested in Goldman Sachs Group Inc (NYSE:GS) for 1.34 million shares. On Tuesday, May 2 the insider FANCHER SCOTT W sold $499,603. Vanguard Group Incorporated has invested 0% in Flotek Industries Inc (NYSE:FTK). It also upped Public Storage (NYSE:PSA) stake by 33,265 shares and now owns 145,730 shares.

Analysts await Boeing Co (NYSE:BA) to report earnings on October, 25.

Previously Flotek Industries (NYSE:FTK) reported $-0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $-0.06.

Moreover, Baker Avenue Asset Management L P has 0.11% invested in Flotek Industries Inc (NYSE:FTK) for 91,286 shares. FTK's profit will be $2.87 million for 24.95 P/E if the $0.05 EPS becomes a reality. BlackRock Inc. grew its position in shares of Flotek Industries by 132,538.6% during the 1st quarter. Flotek Industries, Inc. The firm's 50 day moving average is $5.64 and its 200 day moving average is $9.23. It improved, as 96 investors sold GS shares while 350 reduced holdings. Bancorp Of Montreal Can invested in 500 shares or 0% of the stock. Art Advsr Limited Liability, New York-based fund reported 83,092 shares. Municipal Employees Retirement System of MI now owns 12,790 shares of the oil and gas company's stock worth $114,000 after acquiring an additional 700 shares in the last quarter.

01/20/2016 - Flotek Industries, Inc. was upgraded to "speculative buy" by analysts at Seaport Global Securities.



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