Flotek Industries (NYSE:FTK) Price Target Raised to $44.00

Flotek Industries (NYSE:FTK) had its target price upped by Lake Street Capital from $40.00 to $44.00 in a research note released on Tuesday morning, MarketBeat.com reports. Lake Street Capital currently has a buy rating on the oil and gas company’s stock.

A number of other research firms have also commented on FTK. Weiss Ratings lowered Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. JonesTrading assumed coverage on Flotek Industries in a research report on Thursday, July 9th. They set a “buy” rating and a $40.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Flotek Industries presently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Flotek Industries Price Performance

Shares of NYSE:FTK opened at $30.52 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. Flotek Industries has a 52 week low of $11.80 and a 52 week high of $39.67. The firm has a market cap of $1.11 billion, a PE ratio of 30.83 and a beta of 1.47. The firm’s fifty day moving average is $27.22 and its 200-day moving average is $22.00.

Flotek Industries (NYSE:FTK) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $99.37 million during the quarter, compared to the consensus estimate of $69.51 million. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%. Sell-side analysts predict that Flotek Industries will post 0.76 earnings per share for the current year.

Insider Buying and Selling at Flotek Industries

In other news, Director Matthew Wilks bought 1,319,493 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $26.01 per share, for a total transaction of $34,320,012.93. Following the completion of the acquisition, the director directly owned 1,477,285 shares in the company, valued at approximately $38,424,182.85. This represents a 836.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the completion of the transaction, the insider owned 3,693,194 shares in the company, valued at approximately $96,059,975.94. The trade was a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Flotek Industries

Large investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. bought a new stake in Flotek Industries in the first quarter worth approximately $272,000. AWM Investment Company Inc. bought a new position in shares of Flotek Industries during the 2nd quarter worth approximately $706,000. Aristides Capital LLC grew its position in shares of Flotek Industries by 4.6% during the 4th quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company’s stock worth $541,000 after buying an additional 1,390 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Flotek Industries during the 2nd quarter worth approximately $1,160,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Flotek Industries in the 1st quarter valued at $876,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

More Flotek Industries News

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Lake Street Capital raised its price target to $44 and maintained a Buy rating. The higher target indicates continued confidence in Flotek’s growth and profitability outlook. Analysts previously cited stronger earnings expectations, while the company’s latest quarterly results exceeded consensus estimates for both earnings and revenue. Lake Street Capital forecast
• Positive Sentiment: Director Matthew Wilks purchased 1,319,493 shares for approximately $34.3 million. The purchase increased his ownership by more than eightfold and may be viewed as a strong confidence signal from an insider, particularly following recent volatility. Flotek director stock purchase
• Neutral Sentiment: Multiple law firms are soliciting investors to serve as lead plaintiff in the same securities class action. The notices generally cover investors who purchased FTK shares between August 3 and August 17, 2026, with an October 26 lead-plaintiff deadline. The repeated announcements do not necessarily represent separate lawsuits, but they keep the issue in focus. Flotek class action notice
• Negative Sentiment: Investors face expanding legal scrutiny over Flotek’s disclosures concerning a roughly $400 million Puerto Rico power-services backlog. The complaints allege that Flotek failed to disclose specific problems involving the consortium responsible for a large portion of the backlog, including contract-approval issues and criminal referrals. Lowey Dannenberg is also investigating potential federal securities-law violations. The allegations remain unproven, but possible damages, litigation costs and reputational harm could pressure the shares. Lowey Dannenberg Flotek investigation
• Negative Sentiment: A major shareholder sold 2.31 million shares for approximately $60 million. The 38% reduction in ProFrac GDM’s position may create additional supply and contrasts with the director’s purchase, making the insider-trading signal mixed. Flotek major shareholder sale filing

About Flotek Industries

Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company’s principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek’s CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.