Q2 EPS Estimates for FTK Lowered by Northland Securities

Flotek Industries, Inc. (NYSE:FTK) – Equities researchers at Northland Securities lowered their Q2 2026 earnings estimates for shares of Flotek Industries in a report issued on Thursday, May 7th. Northland Securities analyst J. Grampp now forecasts that the oil and gas company will earn $0.13 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for Flotek Industries’ current full-year earnings is $0.71 per share. Northland Securities also issued estimates for Flotek Industries’ Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.19 EPS, FY2026 earnings at $0.62 EPS and FY2027 earnings at $1.27 EPS.

A number of other equities research analysts have also issued reports on FTK. Zacks Research lowered shares of Flotek Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Flotek Industries in a report on Friday, March 27th. Finally, Lake Street Capital started coverage on shares of Flotek Industries in a report on Thursday, January 29th. They issued a “buy” rating and a $25.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Flotek Industries Price Performance

Flotek Industries stock opened at $16.18 on Friday. The firm has a market cap of $585.16 million, a PE ratio of 20.74 and a beta of 1.39. Flotek Industries has a 52-week low of $9.94 and a 52-week high of $20.41. The company has a quick ratio of 1.63, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $16.54 and its two-hundred day moving average is $16.53.

Flotek Industries (NYSE:FTK) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $70.05 million for the quarter, compared to analyst estimates of $63.08 million. Flotek Industries had a return on equity of 20.70% and a net margin of 11.83%.

Institutional Investors Weigh In On Flotek Industries

A number of hedge funds and other institutional investors have recently modified their holdings of FTK. Goldman Sachs Group Inc. raised its holdings in shares of Flotek Industries by 27.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 120,927 shares of the oil and gas company’s stock valued at $1,007,000 after purchasing an additional 26,400 shares in the last quarter. Jane Street Group LLC grew its position in shares of Flotek Industries by 88.5% in the 1st quarter. Jane Street Group LLC now owns 100,151 shares of the oil and gas company’s stock valued at $834,000 after buying an additional 47,018 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Flotek Industries in the 1st quarter valued at $332,000. Rhumbline Advisers grew its position in shares of Flotek Industries by 1,542.4% in the 2nd quarter. Rhumbline Advisers now owns 21,630 shares of the oil and gas company’s stock valued at $319,000 after buying an additional 20,313 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Flotek Industries by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 39,140 shares of the oil and gas company’s stock valued at $578,000 after buying an additional 8,139 shares during the last quarter. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flotek Industries

In other news, CFO James Bond Clement sold 6,299 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $16.02, for a total value of $100,909.98. Following the sale, the chief financial officer directly owned 122,837 shares in the company, valued at approximately $1,967,848.74. This trade represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Flotek Industries Company Profile

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.