Flotek Industries (FTK) to Release Quarterly Earnings on Tuesday

Flotek Industries (NYSE:FTKGet Free Report) is set to announce its earnings results after the market closes on Tuesday, March 12th. Parties that wish to register for the company’s conference call can do so using this link.

Flotek Industries Stock Performance

Shares of FTK opened at $2.97 on Tuesday. The firm has a market capitalization of $88.09 million, a price-to-earnings ratio of -1.75 and a beta of 1.04. Flotek Industries has a one year low of $2.78 and a one year high of $7.26. The stock’s fifty day moving average is $3.19 and its 200-day moving average is $3.81.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Flotek Industries from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th.

Read Our Latest Research Report on Flotek Industries

Insider Buying and Selling at Flotek Industries

In other Flotek Industries news, Director David Nierenberg bought 9,006 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $3.19 per share, for a total transaction of $28,729.14. Following the completion of the transaction, the director now owns 411,305 shares of the company’s stock, valued at approximately $1,312,062.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.15% of the company’s stock.

Institutional Trading of Flotek Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Flotek Industries in the 1st quarter valued at $286,000. Geode Capital Management LLC increased its stake in Flotek Industries by 14.8% in the second quarter. Geode Capital Management LLC now owns 613,610 shares of the oil and gas company’s stock valued at $450,000 after purchasing an additional 79,181 shares in the last quarter. Bank of America Corp DE increased its position in shares of Flotek Industries by 11,418.7% during the first quarter. Bank of America Corp DE now owns 76,369 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 75,706 shares in the last quarter. Nierenberg Investment Management Company Inc. grew its position in Flotek Industries by 6.3% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,247,637 shares of the oil and gas company’s stock valued at $4,891,000 after purchasing an additional 74,340 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Flotek Industries in the 1st quarter valued at about $43,000. 11.80% of the stock is owned by hedge funds and other institutional investors.

About Flotek Industries

(Get Free Report)

Flotek Industries, Inc operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA).

See Also

Earnings History for Flotek Industries (NYSE:FTK)

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