PDT Partners LLC Acquires New Holdings in Flotek Industries, Inc. (NYSE:FTK)

PDT Partners LLC acquired a new stake in Flotek Industries, Inc. (NYSE:FTKFree Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 17,246 shares of the oil and gas company’s stock, valued at approximately $86,000.

Separately, Vanguard Group Inc. grew its position in Flotek Industries by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 545,246 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 39,695 shares in the last quarter. Institutional investors and hedge funds own 10.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lifted their target price on Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Check Out Our Latest Stock Report on Flotek Industries

Flotek Industries Price Performance

NYSE FTK opened at $8.83 on Thursday. The company has a market cap of $263.13 million, a P/E ratio of 33.96 and a beta of 1.24. The stock has a 50-day moving average of $6.18 and a two-hundred day moving average of $5.06. Flotek Industries, Inc. has a 1-year low of $2.64 and a 1-year high of $9.14.

Flotek Industries (NYSE:FTKGet Free Report) last released its earnings results on Monday, November 4th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The company had revenue of $49.74 million during the quarter, compared to the consensus estimate of $50.40 million. During the same period in the previous year, the company posted $0.04 EPS. On average, analysts anticipate that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Flotek Industries Company Profile

(Free Report)

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).

See Also

Want to see what other hedge funds are holding FTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flotek Industries, Inc. (NYSE:FTKFree Report).

Institutional Ownership by Quarter for Flotek Industries (NYSE:FTK)

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