Price Action Report: Flotek Industries Inc Can’t Be More Safe. Trades Significantly Higher

Price Action Report: Flotek Industries Inc Can't Be More Safe. Trades Significantly Higher

The stock of Flotek Industries Inc (NYSE:FTK) is a huge mover today! About 663,235 shares traded hands. Flotek Industries Inc (NYSE:FTK) has risen 24.89% since April 27, 2016 and is uptrending. It has outperformed by 19.67% the S&P500.
The move comes after 8 months positive chart setup for the $729.27M company. It was reported on Nov, 30 by We have $13.73 PT which if reached, will make NYSE:FTK worth $21.88M more.

Analysts await Flotek Industries Inc (NYSE:FTK) to report earnings on January, 25.

Flotek Industries Inc (NYSE:FTK) Ratings Coverage

Out of 5 analysts covering Flotek Industries (NYSE:FTK), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Flotek Industries has been the topic of 10 analyst reports since July 27, 2015 according to StockzIntelligence Inc. KLR Group initiated the stock with “Buy” rating in Monday, December 14 report. The firm earned “Speculative Buy” rating on Wednesday, January 20 by Seaport Global Securities. The rating was downgraded by Vetr to “Buy” on Thursday, August 6. Oppenheimer upgraded the stock to “Perform” rating in Monday, July 27 report. Vetr upgraded it to “Buy” rating and $20.11 target price in Tuesday, September 22 report. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. Oppenheimer maintained Flotek Industries Inc (NYSE:FTK) rating on Wednesday, October 7. Oppenheimer has “Perform” rating and $18 price target.

According to Zacks Investment Research, “Flotek manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and management of automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.”

Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.30, from 0.89 in 2016Q1. The ratio is positive, as 21 funds sold all Flotek Industries Inc shares owned while 41 reduced positions. 16 funds bought stakes while 39 increased positions. They now own 53.39 million shares or 9.62% more from 48.70 million shares in 2016Q1.
Credit Suisse Ag reported 47,957 shares or 0% of all its holdings. Wellington Shields Capital Ltd Company has 0.05% invested in the company for 24,200 shares. Comerica Bank & Trust accumulated 0.01% or 53,721 shares. Skylands Limited Liability Company last reported 121,100 shares in the company. State Street Corporation holds 986,352 shares or 0% of its portfolio. Blackrock Management Ltd Llc holds 227,667 shares or 0% of its portfolio. Blackrock Grp Inc Limited holds 0% or 60,470 shares in its portfolio. The Massachusetts-based Pioneer Investment Mngmt Inc has invested 0.01% in Flotek Industries Inc (NYSE:FTK). Ardsley Advisory last reported 0.02% of its portfolio in the stock. Boston Prtn holds 433,700 shares or 0.01% of its portfolio. Goldman Sachs Gp last reported 0% of its portfolio in the stock. Outfitter Advisors has 30,000 shares for 0.17% of their US portfolio. Glg Ptnrs Limited Partnership holds 0.03% or 75,076 shares in its portfolio. Moreover, State Bank Of Ny Mellon has 0% invested in Flotek Industries Inc (NYSE:FTK) for 1.06 million shares. Public Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 6, 2016, the stock had 0 insider buys, and 1 insider sale for $160,098 net activity. Cooper L Melvin sold 10,000 shares worth $160,098.

More notable recent Flotek Industries Inc (NYSE:FTK) news were published by: which released: “Flotek Industries, Inc. Announces First Quarter, 2016 Financial and Operating …” on May 03, 2016, also with their article: “Flotek Industries Announces Presentation at the Jefferies 2016 Energy Conference” published on November 29, 2016, published: “Flotek Industries and YPF Technologia S.A. Sign Joint Technology Development …” on July 25, 2016. More interesting news about Flotek Industries Inc (NYSE:FTK) were released by: and their article: “Why Flotek Industries Inc.’s Shares Jumped 18% Today” published on May 04, 2016 as well as‘s news article titled: “Flotek Industries, Inc. Announces Release Of MHA Petroleum Consultants, LLC …” with publication date: July 27, 2016.

FTK Company Profile

Flotek Industries, Inc., incorporated on October 30, 2001, is a diversified, technology-driven firm that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Firm has four business divisions: Energy Chemistry Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies, and Production Technologies. It also develops and supplies compounds to companies that make cleaning products, cosmetics, food and beverages and other products for the consumer and industrial markets. The Company’s clients primarily include integrated oil and natural gas companies, oilfield service companies, independent oil and natural gas companies, pressure pumping service companies, international supply chain management companies, national and state-owned oil companies, household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies. It operates in over 20 domestic and international markets, including the Gulf Coast, Southwest, West Coast, Rocky Mountains, Northeastern and Mid-Continental regions of the United States, Canada, Mexico, Central America, South America, Europe, Africa, Middle East, Australia and Asia-Pacific.

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