$0.05 EPS Expected for Flotek Industries Inc (FTK)

October 20, 2017 - By Richard Conner

 $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 dropped, 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.
Texas Permanent School Fund has 39,712 shares for 0% of their portfolio. Nationwide Fund invested in 0% or 31,818 shares. Paloma Prtnrs Communication has 106,194 shares for 0.01% of their portfolio. 593,187 are held by Laurion Cap Mgmt Lp. 22,200 were reported by Louisiana State Employees Retirement Sys. Rhumbline Advisers has invested 0% in Flotek Industries Inc (NYSE:FTK). Baker Avenue Asset Mngmt L P invested 0.11% of its portfolio in Flotek Industries Inc (NYSE:FTK). Fred Alger has 380,392 shares. Susquehanna Group Inc Llp holds 0% of its portfolio in Flotek Industries Inc (NYSE:FTK) for 29,682 shares. California Employees Retirement Systems holds 0% of its portfolio in Flotek Industries Inc (NYSE:FTK) for 169,500 shares. Northern Trust holds 0% or 689,090 shares. Royal Bancorporation Of Canada reported 1,259 shares. The New Jersey-based Prudential Fincl has invested 0% in Flotek Industries Inc (NYSE:FTK). Envestnet Asset reported 155 shares. Skylands Capital Ltd Llc owns 210,800 shares or 0.26% of their US portfolio.

Analysts await Flotek Industries Inc (NYSE:FTK) to report earnings on November, 1. They expect $0.05 earnings per share, up 200.00 % or $0.10 from last year’s $-0.05 per share. FTK’s profit will be $2.87 million for 23.90 P/E if the $0.05 EPS becomes a reality. After $0.02 actual earnings per share reported by Flotek Industries Inc for the previous quarter, Wall Street now forecasts 150.00 % EPS growth. The stock decreased 2.05% or $0.1 during the last trading session, reaching $4.78. About 908,635 shares traded. Flotek Industries Inc (NYSE:FTK) has declined 6.33% since October 20, 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 had 10 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, January 20 the stock rating was upgraded by Seaport Global Securities to “Speculative Buy”. On Tuesday, September 22 the stock rating was upgraded by Vetr to “Buy”. KLR Group initiated the stock with “Buy” rating in Monday, December 14 report. Vetr downgraded Flotek Industries Inc (NYSE:FTK) on Friday, August 28 to “Strong-Buy” rating. The stock of Flotek Industries Inc (NYSE:FTK) earned “Perform” rating by Oppenheimer on Wednesday, October 7. Vetr downgraded Flotek Industries Inc (NYSE:FTK) rating on Thursday, August 6. Vetr has “Buy” rating and $17.89 target. Oppenheimer upgraded the stock to “Perform” rating in Monday, July 27 report.

Flotek Industries, Inc. is a technology-driven company. The company has market cap of $274.05 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 1116.82 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, Inc. Announces Leadership Changes, Increased Capacity On …” on October 05, 2017. Prnewswire.com‘s article titled: “Flotek Industries, Inc. Provides Update On Third Quarter Expectations” and published on September 25, 2017 is yet another important article.

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