Flotek Industries: Drilling Down To Value [Seeking Alpha]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
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Source: Seeking Alpha
Flotek Industries: Drilling Down To Value Summary Following the release of Q2 2019 results, shares of the company plummeted to near $1.90. With $1.69 per share in cash, the current business is valued near 21 cents per share, offering excellent value to prospective investors. While management provided weaker revenue guidance for Q3, cash is expected to remain near current levels, providing a cushion to execute the business plan to Q4 and beyond. A cash trove of $97.5 million will enable the company to potentially acquire EBITDA-positive business in a buyer’s market. In the midst of a major downturn in the oil services sector, the company’s CnF platform offers significant growth prospects as the company implements a direct to end-user market strategy. Investors clearly expressed dissatisfaction with results reported FTK conference call The Strategic Capital Committee was tasked with recommending the best use of cash provided from the sale of its Florida Chemical Division, which could ha
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FTK
News
- Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference CallPR Newswire
- Flotek Industries Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (NYSE: FTK) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
- Commodity Roundup: Drone strikes on Russian refineries keep oil supported; gold down [Seeking Alpha]Seeking Alpha
- Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit [Yahoo! Finance]Yahoo! Finance
FTK
Analyst Actions
- 3/14/24 - TheStreet
FTK
Sec Filings
- 3/28/24 - Form 11-K
- 3/15/24 - Form 10-K
- 3/12/24 - Form 4
- FTK's page on the SEC website