$0.05 EPS Expected for Flotek Industries Inc (FTK)

October 31, 2017 - By Hazel Jackson

 $0.05 EPS Expected for Flotek Industries Inc (FTK)
Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.14, from 1.39 in 2017Q1. It is negative, as 20 investors sold Flotek Industries Inc shares while 35 reduced holdings. 22 funds opened positions while 47 raised stakes. 55.22 million shares or 4.56% less from 57.85 million shares in 2017Q1 were reported.
Schwab Charles Invest has invested 0% in Flotek Industries Inc (NYSE:FTK). Voya Llc holds 0% or 26,828 shares. Huntington Bank & Trust owns 100 shares for 0% of their portfolio. Skylands Cap Lc stated it has 0.26% of its portfolio in Flotek Industries Inc (NYSE:FTK). Great West Life Assurance Can reported 79,435 shares. Tiaa Cref Mgmt Limited Liability Corporation has 0% invested in Flotek Industries Inc (NYSE:FTK). 4.76 million were reported by Millennium Management. Bancshares Of America De has 76,230 shares for 0% of their portfolio. Peconic Prtn Lc reported 397,236 shares. Pnc Fincl Serv Gru stated it has 320 shares or 0% of all its holdings. State Of Tennessee Treasury Department accumulated 50,418 shares. Barrow Hanley Mewhinney Strauss Limited Liability owns 0.04% invested in Flotek Industries Inc (NYSE:FTK) for 2.62M shares. Nationwide Fund Advsrs holds 0% or 31,818 shares. Sector Pension Investment Board has invested 0% in Flotek Industries Inc (NYSE:FTK). Gates Cap Mgmt Incorporated holds 1.71% of its portfolio in Flotek Industries Inc (NYSE:FTK) for 5.70M shares.

Investors wait Flotek Industries Inc (NYSE:FTK) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.05 earnings per share, up $0.10 or 200.00 % from last year’s $-0.05 same quarter earnings. This translates into $2.87M profit for FTK giving the stock a 24.75 P/E. This is assuming the current $0.05 EPS is accurate. Flotek Industries Inc’s Wall Street analysts see 150.00 % EPS growth, taking into account the $0.02 EPS reproted in the previous quarter, About 234,682 shares traded. Flotek Industries Inc (NYSE:FTK) has declined 6.33% since October 31, 2016 and is downtrending. It has underperformed by 23.03% the S&P500.

Flotek Industries Inc (NYSE:FTK) Ratings Coverage

Among 5 analysts covering Flotek Industries (NYSE:FTK), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Flotek Industries has $26 highest and $8 lowest target. $15.67’s average target is 216.57% above currents $4.95 stock price. Flotek Industries had 10 analyst reports since July 27, 2015 according to SRatingsIntel. Seaport Global Securities upgraded Flotek Industries Inc (NYSE:FTK) rating on Wednesday, January 20. Seaport Global Securities has “Speculative Buy” rating and $8 target. Vetr downgraded Flotek Industries Inc (NYSE:FTK) on Friday, August 28 to “Strong-Buy” rating. Vetr downgraded the shares of FTK in report on Thursday, August 6 to “Buy” rating. The stock of Flotek Industries Inc (NYSE:FTK) has “Perform” rating given on Monday, July 27 by Oppenheimer. The company was upgraded on Tuesday, September 22 by Vetr. On Monday, December 14 the stock rating was initiated by KLR Group with “Buy”. The firm earned “Perform” rating on Wednesday, October 7 by Oppenheimer.

Flotek Industries, Inc. is a technology-driven company. The company has market cap of $283.80 million. The Firm develops and supplies chemistry and services to the gas and oil industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. It has a 1156.54 P/E ratio. The Firm operates through two divisions: Energy Chemistry Technologies , and Consumer and Industrial Chemistry Technologies (CICT).

More news for Flotek Industries Inc (NYSE:FTK) were recently published by: Prnewswire.com, which released: “Flotek Industries Announces Third Quarter 2017 Results Reporting Schedule” on October 27, 2017. Thestreet.com‘s article titled: “Commit To Purchase Flotek Industries At $4, Earn 22.6% Annualized Using Options” and published on October 26, 2017 is yet another important article.

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