Flotek Industries (NYSE:FTK) Receives New Coverage from Analysts at Roth Mkm

Roth Mkm started coverage on shares of Flotek Industries (NYSE:FTK) in a report issued on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $6.50 target price on the oil and gas company’s stock.

Separately, Alliance Global Partners initiated coverage on shares of Flotek Industries in a research note on Monday, April 29th. They set a buy rating and a $7.00 target price for the company. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $6.75.

Flotek Industries Price Performance

Shares of FTK stock opened at $4.59 on Thursday. The stock has a market cap of $136.14 million, a P/E ratio of 114.72 and a beta of 1.08. The company has a fifty day moving average price of $4.53 and a two-hundred day moving average price of $3.74. Flotek Industries has a one year low of $2.64 and a one year high of $5.70.

Flotek Industries (NYSE:FTK) last posted its earnings results on Tuesday, May 7th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $40.37 million during the quarter. Flotek Industries had a net margin of 2.73% and a return on equity of 1.77%. As a group, equities research analysts anticipate that Flotek Industries will post 0.26 EPS for the current fiscal year.

Institutional Trading of Flotek Industries

Several hedge funds and other institutional investors have recently bought and sold shares of FTK. Masters Capital Management LLC raised its stake in Flotek Industries by 44.4% in the 4th quarter. Masters Capital Management LLC now owns 481,476 shares of the oil and gas company’s stock worth $1,887,000 after purchasing an additional 148,140 shares in the last quarter. Segment Wealth Management LLC acquired a new stake in Flotek Industries in the 4th quarter worth about $241,000. Sanders Morris Harris LLC acquired a new stake in Flotek Industries in the 1st quarter worth about $223,000. Vanguard Group Inc. raised its stake in Flotek Industries by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 545,246 shares of the oil and gas company’s stock worth $2,039,000 after purchasing an additional 39,695 shares in the last quarter. Finally, Pingora Partners LLC acquired a new stake in Flotek Industries in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

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).