Latest news for Flotek Industries (NYSE:FTK) Stock

Flotek Industries

Flotek Industries Inc is a technology-driven company focused on reducing the environmental impact of energy operations. Its Chemistry Technologies segment develops green specialty chemicals to enhance the profitability of hydrocarbon producers, catering to major players in the oil and gas industry. These chemicals improve operational efficiency and sustainability throughout the well life cycle. The Data Analytics segment provides real-time analytics for hydrocarbon streams, enabling users to optimize processes and increase profitability by reducing waste and reprocessing. Flotek's revenue primarily comes from its Chemistry segment, reflecting its commitment to providing solutions for environmental improvement in the energy sector.

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Flotek Industries Inc

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Guidance

Flotek Raises 2024 Adj. EBITDA Guidance Range From $10M-$16M To $14M-$18M

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 150 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $46.152 million which beat the analyst consensus estimate of $46.072 million by 0.17 percent. This is a 8.78 percent decrease over sales of $50.594 million the same period last year.

Earnings

Earnings Beats

Flotek Industries Q2 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $46.152M Beat $46.072M Estimate

Roth MKM analyst Gerry Sweeney initiates coverage on Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) with a Buy rating and announces Price Target of $6.5.

Price Target

Initiation

Analyst Ratings

Roth MKM Initiates Coverage On Flotek Industries with Buy Rating, Announces Price Target of $6.5

Flotek Industries' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) wholly owned subsidiary JP3 Measurement, a leader in innovative analytical measurement solutions, today announced that the Environmental Protection Agency (EPA) has designated the JP3 system as an approved measurement technology with respect to recently enacted flare regulations. This state-of-the-art optical instrument, designed for the precise measurement of net heating values (NHV) in flare gases, is the first to be approved as an alternative method under the new NSPS OOOOb regulations, supporting cleaner and more efficient operations across the oil and gas industry.

Flotek's JP3 Analyzer Receives EPA Approval For Oil And Gas Flare Monitoring Regulations

Flotek Industries To Join Russell Microcap Index Following 2024 Russell US Indexes Reconstitution, Effective July 1, 2024

Flotek Industries Sees FY24 Adj. Gross Profit Margin 18%-22%; Adj. EBITDA $10M-$16M

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 141.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $40.374 million which missed the analyst consensus estimate of $45.093 million by 10.47 percent. This is a 15.90 percent decrease over sales of $48.007 million the same period last year.

Earnings Misses

Flotek Industries Q1 2024 GAAP EPS $0.05 Beats $0.04 Estimate, Sales $40.374M Miss $45.093M Estimate

Alliance Global Partners analyst Jeff Grampp initiates coverage on Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) with a Buy rating and announces Price Target of $7.

Alliance Global Partners Initiates Coverage On Flotek Industries with Buy Rating, Announces Price Target of $7

WIIM

Flotek Industries shares are trading higher. The company reported Q4 financial results.

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported its Q4 earnings results on Tuesday, March 12, 2024 at 04:04 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Flotek Industries missed estimated earnings by -22.0%, reporting an EPS of $0.07 versus an estimate of $0.09.
Revenue was down $6.03 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 11.0% drop in the share price the next day.

To track all earnings releases for Flotek Industries <a href="https://www.benzinga.com/quote/FTK/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Flotek Industries Q4 Earnings

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $42.188 million which missed the analyst consensus estimate of $47.250 million by 10.71 percent. This is a 12.50 percent decrease over sales of $48.217 million the same period last year.

Flotek Industries Q4 2023 GAAP EPS $0.07 Misses $0.08 Estimate, Sales $42.188M Miss $47.250M Estimate

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&bull; Kohl&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) is estimated to report quarterly earnings at $1.28 per share on revenue of $5.70 billion.
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&bull; Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $197.93 million.
&bull; IHS Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $476.18 million.
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&bull; Silence Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLN#NASDAQ">SLN</a>) is estimated to report earnings for its fourth quarter.
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&bull; Core Molding Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CMT#AMEX">CMT</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $70.75 million.
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&bull; ClearPoint Neuro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLPT#NASDAQ">CLPT</a>) is projected to report quarterly loss at $0.20 per share on revenue of $6.53 million.
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&bull; Natures Sunshine Products (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATR#NASDAQ">NATR</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $111.13 million.
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&bull; Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) is likely to report quarterly loss at $0.10 per share on revenue of $42.84 million.
&bull; Clover Health Investments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $480.25 million.
&bull; Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $226.02 million.
&bull; Eastern Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EML#NASDAQ">EML</a>) is likely to report earnings for its fourth quarter.
&bull; BRT Apartments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRT#NYSE">BRT</a>) is estimated to report earnings for its fourth quarter.
&bull; Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $87.21 million.
&bull; Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) is estimated to report earnings for its fourth quarter.
&bull; Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) is likely to report quarterly loss at $0.11 per share on revenue of $151.50 million.
&bull; Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) is projected to report quarterly loss at $0.23 per share on revenue of $69.06 million.
&bull; Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $47.25 million.
&bull; PHX Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHX#NYSE">PHX</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $9.37 million.
&bull; Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) is likely to report quarterly loss at $0.15 per share on revenue of $33.79 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ADTH

ALGS

ATER

AWRE

BIRD

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CLSD

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ENFN

GHLD

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MHLD

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NOTE

NRGV

ONON

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Earnings Scheduled For March 12, 2024

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-03-12. Here's what investors need to know before the announcement.
Analysts estimate that Flotek Industries will report an earnings per share (EPS) of $0.09. 
Flotek Industries bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 11.27% drop in the share price the next day.
Here's a look at Flotek Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.01</td>
<td>-0.12</td>
<td>-0.48</td>
<td>-0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>-0.12</td>
<td>-0.12</td>
<td>-1.50</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-11.0%</td>
<td>-4.0%</td>
<td>5.0%</td>
<td>-14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710172875_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Flotek Industries were trading at $2.79 as of March 08. Over the last 52-week period, shares are down 53.47%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FTK/earnings">To track all earnings releases for Flotek Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Flotek Industries's Earnings

Stock Split

Flotek Board Approves 1-for-6 Reverse Stock Split, Effective After Market Close Sept. 25

Flotek Expects To Report Positive Adj. EBITDA For Q3

Flotek Announces Entry into Asset Based Loan Agreement Of Up To $10M

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly losses of $(0.02) per share which met the analyst consensus estimate. This is a 60 percent increase over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $50.59 million which beat the analyst consensus estimate of $47.80 million by 5.85 percent. This is a 72.25 percent increase over sales of $29.37 million the same period last year.

Flotek Industries Q2 EPS $(0.02), Inline, Sales $50.59M Beat $47.80M Estimate

The Dow Jones closed lower by over 100 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Whole Earth Brands </h3>
<ul>
<li>The Trade: Whole Earth Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/free#NASDAQ">FREE</a>) 10% owner Sababa Holdings Free LLC <a href="https://www.benzinga.com/quote/FREE/analyst-ratings"> acquired a total 488,923 shares </a> an average price of $3.00. To acquire these shares, it cost around $1.47 million.</li>
<li>What&rsquo;s Happening: Whole Earth Brands posted a loss for the first quarter.</li>
<li>What Whole Earth Brands Does: Whole Earth Brands Inc is a food company enabling healthier lifestyles and providing access to high-quality, plant-based sweeteners, flavor enhancers and other foods through diverse portfolio of trusted brands and delicious products.</li>
</ul>
<h3>Flotek Industries </h3>
<ul>
<li>The Trade: Flotek Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftk#NYSE">FTK</a>) Director Matt Wilks <a href="https://www.benzinga.com/quote/CURO/analyst-ratings"> acquired a total of 54,539 shares </a> at an average price of $0.78. The insider spent around $42.54 thousand to buy those shares.</li>
<li>What&rsquo;s Happening: Flotek promoted President Ryan Ezell to CEO.</li>
<li>What Flotek Industries Does: Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications.</li>
</ul>
<h3>Rubicon Technologies</h3>
<ul>
<li>The Trade: Rubicon Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbt#NYSE">RBT</a>) 10% owner Jose Miguel Enrich <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 240,154 shares </a> at an average price of $0.42. To acquire these shares, it cost around $100 thousand.</li>
<li>What&rsquo;s Happening: Rubicon Technologies issued an update on enhanced liquidity and progress of strategic plan.</li>
<li>What Rubicon Technologies Does: Rubicon Technologies Inc is a software platform providing full-service waste management, recycling, and smart city technology solutions.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/23/06/32945293/top-5-financial-stocks-that-could-sink-your-portfolio-in-q2"> Top 5 Financial Stocks That Could Sink Your Portfolio In Q2 </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Heliogen </h3>
<ul>
<li>The Trade: Heliogen, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlgn#NYSE">HLGN</a>) 10% owner Patrick Soonshiong <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 366,659 shares </a> at an average price of $0.23. The insider spent $85.39 thousand to buy those shares.</li>
<li>What&rsquo;s Happening: Heliogen and NantG Power reported a strategic collaboration to innovate solar thermal calcination design.</li>
<li>What Heliogen Does: Heliogen Inc is a concentrated solar energy system that is being developed to unlock the power of sunlight to replace fossil fuels.</li>
</ul>

The Dow Jones closed lower by over 100 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Ocugen </h3>
<ul>
<li>The Trade: Ocugen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocgn#NASDAQ">OCGN</a>) Director Junge Zhang <a href="https://www.benzinga.com/quote/NRDY/analyst-ratings"> acquired a total 200,278 shares </a> an average price of $0.50. To acquire these shares, it cost around $100 thousand.</li>
<li>What&rsquo;s Happening: Ocugen announced the pricing of its $16.5 million public offering of 30 million shares of common stock.</li>
<li>What Ocugen Does: Ocugen Inc is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19.</li>
</ul>
<h3>Flotek Industries </h3>
<ul>
<li>The Trade: Flotek Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftk#NYSE">FTK</a>) Director Matthew Wilks <a href="https://www.benzinga.com/quote/CURO/analyst-ratings"> acquired a total of 172,447 shares </a> at an average price of $0.79. The insider spent around $136.23 thousand to buy those shares.</li>
<li>What&rsquo;s Happening: Flotek promoted President Ryan Ezell to CEO.</li>
<li>What Flotek Industries Does: Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications.</li>
</ul>
<h3>Crexendo</h3>
<ul>
<li>The Trade: Crexendo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxdo#NASDAQ">CXDO</a>) Director Steven G Mihaylo <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 43,700 shares </a> at an average price of $1.87. To acquire these shares, it cost around $81.86 thousand.</li>
<li>What&rsquo;s Happening: Crexendo posted upbeat quarterly results.</li>
<li>What Crexendo Does: Crexendo Inc is a provider of cloud communications, UCaaS, call center, collaboration services, and other cloud business services.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/06/32891767/top-5-consumer-stocks-that-may-explode-in-june"> Top 5 Consumer Stocks That May Explode In June </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Management

Flotek Promotes President Ryan Ezell to CEO

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Press Releases

iAccess Alpha's Buyside Best Ideas Virtual Summer Conference June 25-26, 2024

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The 29th Annual EnerCom Denver - The Energy Investment Conference to Host The Energy Transition and Emerging Technology Session Featuring Start-Up Energy and Technology Companies

Flotek Announces Timing of Second Quarter 2024 Earnings Release and Participation in EnerCom - The Energy Investment Conference

Gateway Group Announces Preliminary Sponsors and Additional Presenting Companies for September Gateway Conference

FLOTEK'S JP3 ANALYZER RECEIVES EPA APPROVAL FOR OIL AND GAS FLARE MONITORING REGULATIONS

Presentation Times and Schedule for Participating Companies Now Posted on the Conference Website for 29th Annual EnerCom Denver - The Energy Investment Conference

Investor One-on-One Meeting Requests Open for 29th Annual EnerCom Denver - The Energy Investment Conference, to be held August 18-21, 2024 in Denver, Colorado

Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 Results

EnerCom's 29th Annual Energy Investment Conference is Set to be Held August 18-21, 2024 in Denver, Colorado

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