Flotek Industries (NYSE:FTK) Stock Bumped Up to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Flotek Industries (NYSE:FTK) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks reports.

Several other equities analysts have also commented on FTK. Lake Street Capital upped their target price on Flotek Industries from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Weiss Ratings upgraded Flotek Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, JonesTrading began coverage on Flotek Industries in a research note on Thursday, July 9th. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $34.67.

Flotek Industries Trading Down 2.0%

Shares of FTK opened at $24.02 on Monday. The stock has a fifty day moving average of $27.27 and a two-hundred day moving average of $23.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. The company has a market capitalization of $869.97 million, a PE ratio of 24.26 and a beta of 1.42. Flotek Industries has a fifty-two week low of $13.19 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%. The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million. As a group, analysts forecast that Flotek Industries will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other Flotek Industries news, Director Matthew Wilks purchased 1,319,493 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the transaction, the director owned 1,477,285 shares in the company, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the sale, the insider directly owned 3,693,194 shares of the company’s stock, valued at approximately $96,059,975.94. This trade represents a 38.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Round Rock Advisors LLC raised its position 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 purchasing an additional 54,620 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Flotek Industries during the second quarter worth about $1,160,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Flotek Industries during the first quarter worth about $876,000. Sei Investments Co. boosted its position in shares of Flotek Industries by 100.0% in the first quarter. Sei Investments Co. now owns 76,076 shares of the oil and gas company’s stock worth $1,291,000 after buying an additional 38,038 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Flotek Industries by 51.8% in the second 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 period. 10.90% of the stock is owned by hedge funds and other institutional investors.

More Flotek Industries News

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

• Negative Sentiment: The lawsuit alleges Flotek failed to disclose material adverse information about the Puerto Rico project, including doubts about a consortium partner’s ability to perform, an allegedly unauthorized third-party signature, and the involvement of a convicted felon. These allegations could increase regulatory, legal, reputational and financial risks for the company. Flotek shareholder alert
• Negative Sentiment: Investor notices also cite the Puerto Rico Oversight Board’s revocation of contract approval under PROMESA Section 204, criminal referrals and the resulting collapse of an approximately $400 million backlog. If confirmed, the loss of this expected business could undermine future revenue and growth expectations. FTK shareholder alert
• Negative Sentiment: Several firms, including DJS Law Group, Pomerantz, Johnson Fistel, Rosen and others, are urging shareholders who purchased Flotek securities during the stated August 3–17, 2026 class period to participate or seek lead-plaintiff status. The unusually high volume of legal solicitations is reinforcing investor concern, although the claims remain allegations and have not been proven in court. Flotek securities lawsuit notice
• Neutral Sentiment: The October 26 deadline is primarily a procedural milestone for investors seeking to lead the class action; it does not itself establish liability or determine the lawsuit’s outcome. Nevertheless, investors may continue to monitor Flotek’s disclosures for responses to the allegations and updates on the Puerto Rico contract. Rosen Flotek deadline notice

Flotek Industries Company Profile

Flotek Industries, Inc is a technology company that develops and supplies specialty green chemistry and data-driven solutions for the energy industry. Its offerings are designed to help oil and natural gas producers improve well performance, manage production processes and reduce the environmental impact of energy operations.

Through its Chemistry Technologies segment, Flotek provides biodegradable and environmentally focused chemical products used in drilling, cementing, stimulation, completion and production activities.