Latest news with #Flotek
Yahoo
11-06-2025
- Business
- Yahoo
Bull of the Day: Flotek Industries (FTK)
Flotek Industries (FTK) is a Zack Rank #1 (Strong Buy) that delivers sustainable chemistry solutions and real-time data analytics to clients across the energy and industrial sectors. The stock has surged to multi-year highs after a strong earnings report. Investors are starting to notice this relative strength in a sector that has been weak so far in 2025. Flotek Industries, Inc. is a Houston-based technology company that operates through two core segments: Chemistry Technologies (CT) and Data Analytics (DA). Its Chemistry Technologies division formulates and supplies environmentally conscious specialty chemicals designed to improve the efficiency and profitability of oil and gas production. These green chemistries are tailored to support a broad range of energy producers, including those in oil, gas, geothermal, and alternative energy. The Data Analytics segment complements Flotek's chemistry business by providing real-time measurement and insight tools that allow customers to monitor and optimize their operations while reducing emissions and carbon intensity. The company is valued at $450 million and has a Forward PE of 30. The stock has Zacks Style Scores of 'A' in Growth but 'D' in Value. Flotek reported a strong first quarter, delivering earnings of $0.17 per share, or a 183% EPS surprise to the upside. Revenue came in at $55.4 million, a 37% year-over-year increase. Both segments helped the quarter, with chemistry revenue up 36% and data analytics jumping 57%. Gross margin reached 23%, and net income rose 244%. Adjusted EBITDA more than doubled to $7.8 million, marking the fifth consecutive quarter of growth. The company guided full-year 2025 revenue to $200–210 million (vs. $203 million expected) and adjusted EBITDA of $34–39 million. At the midpoint, that implies 128% growth in both metrics, with EBITDA margin expected to expand to 17%, up from 11% in 2024. Flotek Industries, Inc. price-eps-surprise | Flotek Industries, Inc. Quote Flotek continues to scale its data analytics business rapidly, underpinned by its April acquisition of 30 gas monitoring and dual-fuel optimization assets tied to a $160 million multi-year contract. That deal is expected to generate over $20 million in annual operating income and push fixed-fee DAS revenue above $27 million in 2026. The stock surged after the earnings report, moving from the $8 area to $16 is just over a week. There has been about a month of consolidation since, but the stock remains near its recent post-earnings highs. Looking at analyst estimates, there is little movement on the short-term timeframe, but upside when looking down the road. For the current quarter, estimates have been lowered over the last 30 days from $0.11 to $0.10. For next quarter there have been no adjustments. For the current year we see numbers going higher over the last 90 days, moving from $0.43 to $0.53, or 23%. For next year there has been a move higher in estimates in just the last 30 days. Numbers have been taken from $0.58 to $0.67, or 15%. The stock has experienced a big move over the last month, more than doubling from the pre-earnings levels. A decade ago, the stock was at much higher levels, and after being left for dead in 2024 is back on the rise. Looking at the long-term chart, the downward trend is clearly broken. The stock has short-term room to the 2020 highs around $19, but investors would be better off waiting for pullbacks, rather than chasing. Let's look at some moving averages where bulls should be watching for support. 21-day: $14.60 50-day: $10.40 200-day: $8.00 Fibonacci Support levels reside at $11.40(50%) and $10.30 (61.8%). Flotek Industries has emerged as a standout in the energy sector, combining strong earnings momentum with a compelling growth story centered on green chemistry and real-time data analytics. The recent price surge reflects investor enthusiasm, but the technical setup suggests that pullbacks to key support levels may offer better entry points for long-term buyers. As energy markets remain volatile and capital flows shift toward differentiated tech-enabled solutions, Flotek's integrated platform and strategic growth initiatives could help it outperform peers. The stock's strong Zacks Rank, paired with bullish revisions and renewed institutional attention, reinforces the bullish case. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flotek Industries, Inc. (FTK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Flotek Industries Added to Russell 3000® Index
HOUSTON, June 3, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that it will be added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. "Joining the Russell 3000® Index marks another milestone in Flotek's ongoing success, building on three years of progress in creating a dynamic and innovative chemistry and data analytics company," said Dr. Ryan Ezell, CEO of Flotek. "This achievement further amplifies our shareholders' value by elevating our profile within the investment community. We're thrilled to continue sharing Flotek's vision with a broader investor audience through our addition to this prestigious index." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website. About Flotek Industries, Inc. Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company's top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people. Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release. View original content to download multimedia: SOURCE Flotek Industries, Inc.
Yahoo
04-06-2025
- Business
- Yahoo
Flotek added to Russell 3000 Index
Flotek (FTK) will be added as a member of the broad-market Russell 3000 Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. About $10.6T in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a London Stock Exchange (LNSTY) company. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FTK: Disclaimer & DisclosureReport an Issue Flotek rises 11.5% Flotek Holds Annual Shareholders' Meeting with Key Decisions Flotek Industries Reports Strong Q1 2025 Growth Flotek Industries Reports Record Growth Amid Cautious Optimism Flotek rises 33.5% Sign in to access your portfolio
Associated Press
03-06-2025
- Business
- Associated Press
Flotek Industries Added to Russell 3000® Index
HOUSTON, June 3, 2025 /PRNewswire/ -- Flotek Industries, Inc. ('Flotek' or the 'Company') (NYSE: FTK) announced today that it will be added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. 'Joining the Russell 3000® Index marks another milestone in Flotek's ongoing success, building on three years of progress in creating a dynamic and innovative chemistry and data analytics company,' said Dr. Ryan Ezell, CEO of Flotek. 'This achievement further amplifies our shareholders' value by elevating our profile within the investment community. We're thrilled to continue sharing Flotek's vision with a broader investor audience through our addition to this prestigious index.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About Flotek Industries, Inc. Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company's top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people. Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol 'FTK.' For additional information, please visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the 'Risk Factors' section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release. View original content to download multimedia: SOURCE Flotek Industries, Inc.
Yahoo
23-05-2025
- Business
- Yahoo
Flotek Industries' (NYSE:FTK) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Flotek Industries (NYSE:FTK) and its trend of ROCE, we really liked what we saw. We've discovered 1 warning sign about Flotek Industries. View them for free. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Flotek Industries: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = US$16m ÷ (US$170m - US$44m) (Based on the trailing twelve months to March 2025). So, Flotek Industries has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Chemicals industry average of 8.6% it's much better. Check out our latest analysis for Flotek Industries In the above chart we have measured Flotek Industries' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Flotek Industries . We're delighted to see that Flotek Industries is reaping rewards from its investments and has now broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 12%, which is always encouraging. Interestingly, the capital employed by the business has remained relatively flat, so these higher returns are either from prior investments paying off or increased efficiencies. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. After all, a company can only become a long term multi-bagger if it continually reinvests in itself at high rates of return. For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. Essentially the business now has suppliers or short-term creditors funding about 26% of its operations, which isn't ideal. Keep an eye out for future increases because when the ratio of current liabilities to total assets gets particularly high, this can introduce some new risks for the business. As discussed above, Flotek Industries appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 156% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. Flotek Industries does have some risks though, and we've spotted 1 warning sign for Flotek Industries that you might be interested in. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
