Flotek Industries, Inc. (NYSE:FTK) Director Matthew Wilks Purchases 32,810 Shares

Flotek Industries, Inc. (NYSE:FTK) Director Matthew Wilks bought 32,810 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $11.71 per share, for a total transaction of $384,205.10. Following the acquisition, the director now directly owns 72,006 shares of the company’s stock, valued at approximately $843,190.26. This represents a 83.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Matthew Wilks also recently made the following trade(s):

• On Monday, May 12th, Matthew Wilks bought 103,514 shares of Flotek Industries stock. The stock was purchased at an average cost of $12.24 per share, with a total value of $1,267,011.36.

Flotek Industries Price Performance

FTK opened at $14.34 on Wednesday. The business has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $8.12. The firm has a market capitalization of $427.72 million, a price-to-earnings ratio of 55.16 and a beta of 1.00. Flotek Industries, Inc. has a one year low of $3.39 and a one year high of $14.81.

Flotek Industries (NYSE:FTK) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. The business had revenue of $55.36 million for the quarter, compared to analysts’ expectations of $44.50 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. As a group, sell-side analysts expect that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Singular Research upgraded Flotek Industries to a “moderate buy” rating in a research report on Monday, March 17th.

Institutional Investors Weigh In On Flotek Industries

A number of institutional investors have recently bought and sold shares of FTK. Tower Research Capital LLC TRC purchased a new position in shares of Flotek Industries during the fourth quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Flotek Industries during the 4th quarter valued at about $57,000. Kathmere Capital Management LLC bought a new stake in Flotek Industries during the 1st quarter valued at about $85,000. Balyasny Asset Management L.P. bought a new stake in Flotek Industries during the 4th quarter valued at about $99,000. Finally, Algert Global LLC purchased a new position in Flotek Industries during the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 10.90% of the company’s stock.

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).