The Simple Reason I'll Never Buy Flotek Industries [The Motley Fool]
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: The Motley Fool
Until the company responds to biosecurity issues in its supply chain, I won't be going anywhere near it. The Atlantic hurricane season last year disrupted the operations of many companies in the oil and gas industry, from drillers to refiners and every type of business in between. In that regard, drilling fluid supplier Flotek Industries ( NYSE:FTK ) wasn't any different from its peers. Its third-quarter 2017 earnings listed the hurricanes as a major impact on its performance during the period. However, the hurricane season was significantly more devastating for Flotek Industries than most in the industry. In addition to disrupting the operations of its customers, and therefore sales of its own products, Hurricane Irma wiped out an estimated 40% to 50% of Florida's orange crop. That may seem unrelated to oil drilling fluids, but the company needs oranges to manufacture its novel portfolio of chemical additives. Worse, hurricanes aren't the most pressing threat to
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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