What’s Ahead for Flotek Industries, Inc. (FTK) After Reaching 52-Week Low?

July 16, 2018 - By Margaret Guttierez

Flotek Industries, Inc. (NYSE:FTK) Logo

Investors sentiment increased to 1.06 in Q1 2018. Its up 0.36, from 0.7 in 2017Q4. It is positive, as 14 investors sold Flotek Industries, Inc. shares while 38 reduced holdings. 19 funds opened positions while 36 raised stakes. 44.28 million shares or 3.17% more from 42.92 million shares in 2017Q4 were reported.
Stratos Wealth reported 300 shares. 110,412 are owned by Jpmorgan Chase And. Tiaa Cref Investment Management Ltd Co invested in 0% or 136,258 shares. Evergreen Mgmt Ltd reported 13,192 shares stake. Federated Invsts Pa accumulated 17,125 shares. Great West Life Assurance Can accumulated 66,074 shares. 30,904 are held by Teton Inc. Disciplined Growth Investors Inc Mn owns 1.58M shares. Moreover, Texas Permanent School Fund has 0% invested in Flotek Industries, Inc. (NYSE:FTK). Northpointe Ltd Liability invested in 1.78M shares or 1.36% of the stock. Alliancebernstein Ltd Partnership has 0% invested in Flotek Industries, Inc. (NYSE:FTK). Wells Fargo & Com Mn has 57,407 shares for 0% of their portfolio. Royal Savings Bank Of Canada reported 818 shares or 0% of all its holdings. Two Sigma Lc accumulated 21,938 shares. Viking Fund Limited Liability stated it has 0.42% in Flotek Industries, Inc. (NYSE:FTK).

Since May 15, 2018, it had 4 insider purchases, and 0 insider sales for $240,010 activity. $34,787 worth of stock was bought by SNIVELY JOSHUA A on Tuesday, May 15. On Tuesday, May 15 the insider CHISHOLM JOHN bought $114,552. Shares for $67,684 were bought by Walton H. Richard.

The stock of Flotek Industries, Inc. (NYSE:FTK) hit a new 52-week low and has $2.78 target or 4.00 % below today’s $2.90 share price. The 5 months bearish chart indicates high risk for the $164.69 million company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $2.78 price target is reached, the company will be worth $6.59M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.78% or $0.11 during the last trading session, reaching $2.9. About 373,290 shares traded. Flotek Industries, Inc. (NYSE:FTK) has declined 68.85% since July 16, 2017 and is downtrending. It has underperformed by 81.42% the S&P500.

Analysts await Flotek Industries, Inc. (NYSE:FTK) to report earnings on August, 7. They expect $-0.07 earnings per share, down 450.00 % or $0.09 from last year’s $0.02 per share. After $0.01 actual earnings per share reported by Flotek Industries, Inc. for the previous quarter, Wall Street now forecasts -800.00 % negative EPS growth.

More news for Flotek Industries, Inc. (NYSE:FTK) were recently published by: Nasdaq.com, which released: “Report: Developing Opportunities within American Homes 4 Rent, Invitation Home, Graphic Packaging Holding, Flotek …” on June 27, 2018. Streetinsider.com‘s article titled: “Flotek Industries (FTK) Announces Kate Richard to Board” and published on July 12, 2018 is yet another important article.

Flotek Industries, Inc. develops and supplies chemistry and services to the gas and oil industries in the United States and internationally. The company has market cap of $164.69 million. It operates through two divisions, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. It currently has negative earnings. The Energy Chemistry Technologies segment is involved in the design, development, manufacture, packaging, and marketing of chemistries under the Complex nano-Fluid brand name for use in gas and oil well drilling, cementing, completion, stimulation, and production activities, as well as for use in enhanced and improved oil recovery markets.

Flotek Industries, Inc. (NYSE:FTK) Institutional Positions Chart

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