Analysts See $0.05 EPS for Flotek Industries, Inc. (FTK)

March 29, 2018 - By Kurt Siggers

 Analysts See $0.05 EPS for Flotek Industries, Inc. (FTK)
Investors sentiment decreased to 0.7 in Q4 2017. Its down 1.14, from 1.84 in 2017Q3. It is negative, as 24 investors sold Flotek Industries, Inc. shares while 45 reduced holdings. 18 funds opened positions while 30 raised stakes. 42.92 million shares or 9.44% less from 47.40 million shares in 2017Q3 were reported.
Morgan Stanley holds 766,986 shares or 0% of its portfolio. Gru One Trading L P stated it has 0% in Flotek Industries, Inc. (NYSE:FTK). Renaissance Ltd Liability Company reported 0% of its portfolio in Flotek Industries, Inc. (NYSE:FTK). Great West Life Assurance Company Can stated it has 73,511 shares. Country Tru Financial Bank invested in 0% or 500 shares. Point72 Asia (Hong Kong) Limited stated it has 6,074 shares. Automobile Association reported 234,100 shares stake. Ameritas Invest Prtnrs holds 0% or 4,728 shares in its portfolio. Stifel Fincl accumulated 654,989 shares or 0.01% of the stock. American Int Grp Inc holds 0% or 44,174 shares. Us Fincl Bank De reported 0% stake. 63,234 were accumulated by Kbc Nv. D E Shaw And Communication has 0% invested in Flotek Industries, Inc. (NYSE:FTK). Arcadia Invest Management Corporation Mi reported 10,000 shares stake. Texas Permanent School Fund, a Texas-based fund reported 38,413 shares.

Analysts expect Flotek Industries, Inc. (NYSE:FTK) to report $0.05 EPS on May, 2.They anticipate $0.06 EPS change or 600.00 % from last quarter’s $-0.01 EPS. FTK’s profit would be $2.84 million giving it 30.20 P/E if the $0.05 EPS is correct. The stock decreased 1.47% or $0.09 during the last trading session, reaching $6.04. About 480,552 shares traded. Flotek Industries, Inc. (NYSE:FTK) has declined 46.23% since March 29, 2017 and is downtrending. It has underperformed by 57.78% the S&P500.

Flotek Industries, Inc. (NYSE:FTK) Ratings Coverage

Among 6 analysts covering Flotek Industries (NYSE:FTK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Flotek Industries had 12 analyst reports since July 27, 2015 according to SRatingsIntel. Vetr downgraded Flotek Industries, Inc. (NYSE:FTK) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $20.11 target. The firm has “Speculative Buy” rating by Seaport Global Securities given on Wednesday, January 20. Oppenheimer maintained Flotek Industries, Inc. (NYSE:FTK) rating on Wednesday, October 7. Oppenheimer has “Perform” rating and $18 target. Oppenheimer upgraded the stock to “Perform” rating in Monday, July 27 report. The stock of Flotek Industries, Inc. (NYSE:FTK) has “Buy” rating given on Monday, December 14 by KLR Group. Vetr upgraded the stock to “Buy” rating in Tuesday, September 22 report. The rating was maintained by Seaport Global with “Buy” on Wednesday, January 17. The stock of Flotek Industries, Inc. (NYSE:FTK) has “Buy” rating given on Tuesday, February 27 by Seaport Global. The rating was downgraded by Vetr on Thursday, August 6 to “Buy”.

Flotek Industries, Inc. develops and supplies chemistry and services to the gas and oil industries in the United States and internationally. The company has market cap of $342.80 million. It operates through two divisions, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. It currently has negative earnings. The Energy Chemistry Technologies segment is involved in the design, development, manufacture, packaging, and marketing of chemistries under the Complex nano-Fluid brand name for use in gas and oil well drilling, cementing, completion, stimulation, and production activities, as well as for use in enhanced and improved oil recovery markets.

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