Flotek Industries (FTK) Scheduled to Post Quarterly Earnings on Monday

Flotek Industries (NYSE:FTK) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Flotek Industries to post earnings of $0.07 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Flotek Industries (NYSE:FTK) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Flotek Industries had a net margin of 3.94% and a return on equity of 6.73%. The firm had revenue of $46.15 million during the quarter, compared to the consensus estimate of $46.60 million. During the same period in the prior year, the firm earned ($0.24) EPS. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flotek Industries Trading Up 3.3 %

Shares of NYSE FTK opened at $5.04 on Monday. The firm has a market cap of $149.47 million, a price-to-earnings ratio of 126.00 and a beta of 1.03. The stock has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $4.35. Flotek Industries has a 1-year low of $2.64 and a 1-year high of $5.61.

Analysts Set New Price Targets

FTK has been the subject of a number of research reports. Roth Mkm began coverage on shares of Flotek Industries in a research report on Thursday, July 25th. They set a “buy” rating and a $6.50 target price for the company. Roth Capital raised Flotek Industries to a “strong-buy” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Flotek Industries currently has an average rating of “Buy” and a consensus target price of $6.75.

About Flotek Industries

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).