Is Buying Flotek Industries Inc (NYSE:FTK) Here Good Idea?

July 27, 2018 - By Jack Shaw

Flotek Industries, Inc. (NYSE:FTK) Logo

Investors sentiment increased to 1.06 in 2018 Q1. 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.
435,018 were reported by Principal Group. Royal Bancorporation Of Canada holds 818 shares or 0% of its portfolio. Evergreen Capital Mngmt Ltd Company has invested 0.01% in Flotek Industries, Inc. (NYSE:FTK). Teachers Retirement Systems Of The State Of Kentucky has 0% invested in Flotek Industries, Inc. (NYSE:FTK). Manufacturers Life Insur The owns 43,560 shares. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Flotek Industries, Inc. (NYSE:FTK). Ny State Common Retirement Fund holds 0% of its portfolio in Flotek Industries, Inc. (NYSE:FTK) for 55,300 shares. Lpl Financial Limited Liability Company reported 0% stake. Tower Limited Co (Trc) holds 0% or 600 shares. Metropolitan Life Ins New York stated it has 21,163 shares. The Georgia-based Synovus Fincl has invested 0% in Flotek Industries, Inc. (NYSE:FTK). Credit Suisse Ag reported 0% in Flotek Industries, Inc. (NYSE:FTK). The New York-based American Gru has invested 0% in Flotek Industries, Inc. (NYSE:FTK). Bancorp Of America Corporation De owns 15,523 shares. 26,828 are held by Voya Mgmt Limited Liability Company.

Since May 15, 2018, it had 4 insider purchases, and 0 insider sales for $240,010 activity. Shares for $67,684 were bought by Walton H. Richard on Wednesday, May 16. Shares for $22,987 were bought by Marietta Matthew B. The insider CHISHOLM JOHN bought 33,600 shares worth $114,552.

The stock of Flotek Industries Inc (NYSE:FTK) registered a decrease of 13.36% in short interest. FTK’s total short interest was 8.07 million shares in July as published by FINRA. Its down 13.36% from 9.31 million shares, reported previously. With 2.35 million shares average volume, it will take short sellers 3 days to cover their FTK’s short positions. The short interest to Flotek Industries Inc’s float is 16.57%.

The stock decreased 1.29% or $0.04 during the last trading session, reaching $3.07. About 433,151 shares traded. Flotek Industries, Inc. (NYSE:FTK) has declined 68.85% since July 27, 2017 and is downtrending. It has underperformed by 81.42% the S&P500.

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 $174.57 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.

More news for Flotek Industries, Inc. (NYSE:FTK) were recently published by: Prnewswire.com, which released: “What to Expect from the 23rd EnerCom – The Oil & Gas Conference┬«” on July 25, 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. (NYSE:FTK) Institutional Positions Chart

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