XTX Topco Ltd Acquires Shares of 10,652 Flotek Industries, Inc. (NYSE:FTK)

XTX Topco Ltd acquired a new position in shares of Flotek Industries, Inc. (NYSE:FTK) during the third quarter, HoldingsChannel.com reports. The firm acquired 10,652 shares of the oil and gas company’s stock, valued at approximately $53,000.

Separately, PDT Partners LLC purchased a new stake in shares of Flotek Industries in the 3rd quarter valued at approximately $86,000. 10.90% of the stock is owned by institutional investors.

Flotek Industries Price Performance

NYSE FTK opened at $7.32 on Monday. The stock has a market capitalization of $218.11 million, a P/E ratio of 28.15 and a beta of 1.23. The firm’s 50-day moving average is $6.91 and its two-hundred day moving average is $5.41. Flotek Industries, Inc. has a 12 month low of $2.64 and a 12 month high of $9.14.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $49.74 million for the quarter, compared to analyst estimates of $50.40 million. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. During the same period in the prior year, the business posted $0.04 EPS. As a group, analysts anticipate that Flotek Industries, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their price objective on Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

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).