Northland Securities Has Positive View of FTK Q3 Earnings

Flotek Industries, Inc. (NYSE:FTK) – Analysts at Northland Securities boosted their Q3 2026 earnings estimates for Flotek Industries in a research report issued to clients and investors on Thursday, August 6th. Northland Securities analyst J. Grampp now expects that the oil and gas company will earn $0.20 per share for the quarter, up from their previous forecast of $0.18. The consensus estimate for Flotek Industries’ current full-year earnings is $0.70 per share. Northland Securities also issued estimates for Flotek Industries’ FY2026 earnings at $0.77 EPS and FY2027 earnings at $1.52 EPS.

FTK has been the subject of several other reports. Weiss Ratings upgraded Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. JonesTrading began coverage on Flotek Industries in a report on Thursday, July 9th. They set a “buy” rating and a $40.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.33.

Flotek Industries Stock Performance

Shares of NYSE FTK opened at $38.81 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 39.20 and a beta of 1.43. The business’s 50-day simple moving average is $25.45 and its 200-day simple moving average is $20.20. Flotek Industries has a 52 week low of $10.95 and a 52 week high of $38.89.

Flotek Industries (NYSE:FTK) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%.The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million.

Insider Transactions at Flotek Industries

In other Flotek Industries news, CFO James Bond Clement sold 12,554 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $20.08, for a total transaction of $252,084.32. Following the completion of the sale, the chief financial officer directly owned 115,324 shares in the company, valued at $2,315,705.92. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Flotek Industries

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Flotek Industries during the 2nd quarter valued at approximately $1,160,000. Masters Capital Management LLC increased its position in Flotek Industries by 8.9% in the 1st quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock worth $18,488,000 after buying an additional 89,438 shares during the period. Sei Investments Co. lifted its holdings in shares of Flotek Industries by 100.0% during the first quarter. Sei Investments Co. now owns 76,076 shares of the oil and gas company’s stock worth $1,291,000 after buying an additional 38,038 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Flotek Industries by 71.4% during the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock worth $11,736,000 after buying an additional 288,064 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Flotek Industries by 10.4% in the first quarter. Principal Financial Group Inc. now owns 80,480 shares of the oil and gas company’s stock valued at $1,366,000 after acquiring an additional 7,564 shares during the period. Institutional investors and hedge funds own 10.90% of the company’s stock.

About Flotek Industries

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.