Flotek Industries (FTK) Scheduled to Post Earnings on Tuesday

Flotek Industries (NYSE:FTK) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Flotek Industries (NYSE:FTK) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The business 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%. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flotek Industries Stock Down 2.3 %

Shares of FTK opened at $4.32 on Monday. The company has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $3.78. Flotek Industries has a 52-week low of $2.64 and a 52-week high of $5.70. The company has a market capitalization of $128.13 million, a PE ratio of 107.97 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Roth Capital upgraded shares of Flotek Industries to a “strong-buy” rating in a research report on Thursday, July 25th. Alliance Global Partners assumed coverage on Flotek Industries in a research note on Monday, April 29th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Roth Mkm assumed coverage on Flotek Industries in a research note on Thursday, July 25th. They issued a “buy” rating and a $6.50 target price on the stock. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $6.75.

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).