Flotek Industries (NYSE:FTK) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Flotek Industries (NYSE:FTK) last posted its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $43.40 million during the quarter, compared to analyst estimates of $63.20 million. Flotek Industries had a negative net margin of 30.06% and a negative return on equity of 13.21%. Flotek Industries’s revenue was down 21.5% compared to the same quarter last year. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE FTK opened at $3.53 on Monday. The firm has a market cap of $205.99 million, a price-to-earnings ratio of -6.09 and a beta of 3.20. Flotek Industries has a 52 week low of $0.95 and a 52 week high of $4.00.
Several research analysts have commented on FTK shares. Zacks Investment Research lowered shares of Flotek Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. ValuEngine raised shares of Flotek Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 11th.
A hedge fund recently raised its stake in Flotek Industries stock. Geode Capital Management LLC grew its stake in shares of Flotek Industries Inc (NYSE:FTK) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,382 shares of the oil and gas company’s stock after purchasing an additional 25,748 shares during the quarter. Geode Capital Management LLC owned approximately 0.99% of Flotek Industries worth $617,000 at the end of the most recent quarter. Institutional investors own 61.41% of the company’s stock.
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About Flotek Industries
Flotek Industries, Inc provides chemistry and services to the oil and gas industries in then United States and internationally. The company designs, develops, manufactures, packs, markets, distributes, and delivers reservoir-centric fluid systems, including specialty and conventional chemistries for use in oil and gas well drilling, cementing, completion, remediation, and stimulation activities, as well as use in enhanced and improved oil recovery markets under the Complex nano-Fluid, Pressure reducing Fluids, and MicroSolv brand names.
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