Flotek Industries (FTK) Set to Announce Earnings on Tuesday

Flotek Industries (NYSE:FTK) will release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Flotek Industries to post earnings of $0.06 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Flotek Industries (NYSE:FTK) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported $0.05 EPS for the quarter. Flotek Industries had a return on equity of 1.77% and a net margin of 2.73%. The business had revenue of $40.37 million during the quarter. 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 Price Performance

Shares of Flotek Industries stock opened at $4.32 on Monday. Flotek Industries has a one year low of $2.64 and a one year high of $5.70. The firm has a market capitalization of $128.13 million, a price-to-earnings ratio of 107.97 and a beta of 1.08. The business has a 50-day simple moving average of $4.59 and a 200 day simple moving average of $3.78.

Analysts Set New Price Targets

A number of analysts have commented on FTK shares. Roth Capital raised Flotek Industries to a “strong-buy” rating in a report on Thursday, July 25th. Roth Mkm began coverage on Flotek Industries in a research note on Thursday, July 25th. They issued a “buy” rating and a $6.50 price objective on the stock. Finally, Alliance Global Partners began coverage on Flotek Industries in a research note on Monday, April 29th. They issued a “buy” rating and a $7.00 price objective on the stock. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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).