Lake Street Capital Raises Flotek Industries (NYSE:FTK) Price Target to $44.00

Flotek Industries (NYSE:FTK) had its price objective raised by research analysts at Lake Street Capital from $40.00 to $44.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Lake Street Capital’s price objective indicates a potential upside of 64.34% from the company’s previous close.

A number of other research analysts have also weighed in on FTK. Weiss Ratings lowered Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. JonesTrading initiated coverage on Flotek Industries in a research note on Thursday, July 9th. They issued a “buy” rating and a $40.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Flotek Industries Stock Up 1.6%

Shares of NYSE:FTK traded up $0.43 during midday trading on Tuesday, reaching $26.77. The company’s stock had a trading volume of 54,883 shares, compared to its average volume of 368,124. The firm has a 50 day moving average of $26.92 and a 200-day moving average of $21.73. The firm has a market capitalization of $969.75 million, a P/E ratio of 27.01 and a beta of 1.47. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. Flotek Industries has a 12-month low of $11.50 and a 12-month high of $39.67.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. The company had revenue of $99.37 million during the quarter, compared to analysts’ expectations of $69.51 million. On average, research analysts anticipate that Flotek Industries will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On Flotek Industries

Several hedge funds and other institutional investors have recently modified their holdings of FTK. Squarepoint Ops LLC boosted its stake in shares of Flotek Industries by 51.8% in the 2nd quarter. Squarepoint Ops LLC now owns 111,425 shares of the oil and gas company’s stock worth $2,621,000 after buying an additional 38,046 shares during the last quarter. California State Teachers Retirement System increased its position in Flotek Industries by 510.1% during the second quarter. California State Teachers Retirement System now owns 4,704 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 3,933 shares during the last quarter. Round Rock Advisors LLC lifted its holdings in Flotek Industries by 203.4% in the second quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company’s stock valued at $1,916,000 after acquiring an additional 54,620 shares during the period. AWM Investment Company Inc. bought a new position in Flotek Industries in the second quarter valued at about $706,000. Finally, Bank of New York Mellon Corp purchased a new position in Flotek Industries in the second quarter worth about $1,160,000. 10.90% of the stock is owned by institutional investors.

Flotek Industries News Summary

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: An analyst raised the company’s FY2027 EPS estimate, providing a potential fundamental offset to the legal and project-related concerns. FY2027 EPS Estimate for Flotek Industries Boosted by Analyst
• Neutral Sentiment: Several law firms reiterated that investors who purchased Flotek securities during an August 3–17, 2026 class period may seek appointment as lead plaintiff by October 26. These announcements largely repeat the same lawsuit notice rather than represent separate legal actions. Faruqi Class Action Notice
• Negative Sentiment: The securities lawsuit alleges Flotek failed to disclose doubts about a consortium partner’s capacity, an allegedly unauthorized third-party signature, and the involvement of a convicted felon in connection with representations surrounding the PREPA project. If proven, the allegations could lead to legal costs, damages, regulatory scrutiny, and further investor uncertainty. FTK Shareholder Alert

About Flotek Industries

Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company’s principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek’s CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.