PDT Partners LLC acquired a new stake in Flotek Industries, Inc. (NYSE:FTK – Free 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.
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:FTK – Get 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
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).
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