Flotek Industries (NYSE:FTK) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Flotek Industries (NYSE:FTK) issued its quarterly earnings results on Monday. The oil and gas company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05, Zacks reports. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%.

Flotek Industries Stock Down 2.3 %

FTK traded down $0.18 during trading on Monday, hitting $7.31. The company’s stock had a trading volume of 410,884 shares, compared to its average volume of 134,471. The firm has a market capitalization of $217.66 million, a P/E ratio of 28.10 and a beta of 1.21. Flotek Industries has a twelve month low of $2.64 and a twelve month high of $10.35. The stock’s fifty day moving average price is $8.66 and its 200-day moving average price is $7.00.

Flotek Industries Company Profile

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).