Flotek Fights Hard To Stay Above The Water [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’s challenges and response Flotek Industries ( FTK ) provides chemistry and services that are used in the oil and gas industries and the consumer and industrial markets. The company’s clients are focusing more on sourcing chemistry products directly from manufacturers and providers of these products. This trend has thrown an operational and structural challenge to Flotek. In response, the company looks to diversify into the non-thermal manufacturing, including the nutraceutical, pharmaceutical and agriculture sectors. Increased share of value-added product sales, including CnF, should improve the company’s margin. I expect Flotek’s revenue growth to slow down in the near term. However, the stock should see a steady recovery in the medium to long term. In 2018 so far, FTK stock price has dipped by 75%, while the VanEck Vectors Oil Services ETF ( OIH ) declined by 46%. OIH represents the oilfield equipment & services (or OFS) industry. What are Flotek’s cu
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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
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/22/24 - Form 4
- FTK's page on the SEC website