The consensus among analysts is that Flotek Industries, Inc. (FTK) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.
Flotek Industries, Inc. (NYSE:FTK) trade information
Sporting 24.51% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the FTK stock price touched $1.38 or saw a rise of 7.97%. Year-to-date, Flotek Industries, Inc. shares have moved -36.5%, while the 5-day performance has seen it change 30.93%. Over the past 30 days, the shares of Flotek Industries, Inc. (NYSE:FTK) have changed 29.59%. Short interest in the company has seen 4.96 Million shares shorted with days to cover at 0.01.
Flotek Industries, Inc. (FTK) estimates and forecasts
1 analysts offering their estimates for the company have set an average revenue estimate of $32.6 Million for the current quarter. 1 have an estimated revenue figure of $34.6 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $34.7 Million for this quarter, and analysts expect sales will grow by -6.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -30.8% over the past 5 years. Earnings growth for 2020 is a modest -3.6% while over the next 5 years, the company’s earnings are expected to increase by 10%.
Flotek Industries, Inc. (NYSE:FTK)’s Major holders
Insiders own 6.85% of the company shares, while shares held by institutions stand at 75.8% with a share float percentage of 81.37%. Investors are also buoyed by the number of investors in a company, with Flotek Industries, Inc. having a total of 122 institutions that hold shares in the company. The top two institutional holders are Newtyn Management, LLC with over 5.18 Million shares worth more than $4.61 Million. As of March 30, 2020, Newtyn Management, LLC held 8.18% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.83 Million shares as of March 30, 2020. The firm’s total holdings are worth over $3.41 Million and represent 6.05% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco Small Cap Value Fd and Vanguard Total Stock Market Index Fund. As of January 30, 2020, the former fund manager holds about 3.44% shares in the company for having 2176500 shares of worth $3.7 Million while later fund manager owns 1.89 Million shares of worth $1.68 Million as of March 30, 2020, which makes it owner of about 2.99% of company’s outstanding stock.