Northland Securities Has Positive Outlook of FTK Q3 Earnings

Flotek Industries, Inc. (NYSE:FTK) – Analysts at Northland Securities boosted their Q3 2026 earnings estimates for shares of Flotek Industries in a research report issued on Wednesday, March 4th. Northland Securities analyst J. Grampp now anticipates that the oil and gas company will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.20. Northland Securities has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Flotek Industries’ current full-year earnings is $0.29 per share. Northland Securities also issued estimates for Flotek Industries’ Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.76 EPS and FY2027 earnings at $1.48 EPS.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Flotek Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Flotek Industries in a research report on Monday, December 29th. Zacks Research lowered Flotek Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Lake Street Capital initiated coverage on Flotek Industries in a research report on Thursday, January 29th. They set a “buy” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Flotek Industries has an average rating of “Moderate Buy” and an average target price of $21.33.

Flotek Industries Stock Up 0.6%

FTK opened at $17.49 on Monday. The company has a market cap of $525.60 million, a PE ratio of 19.65 and a beta of 1.45. Flotek Industries has a twelve month low of $6.05 and a twelve month high of $20.09. The company has a 50-day moving average price of $17.19 and a 200 day moving average price of $15.68. The company has a quick ratio of 1.54, a current ratio of 1.77 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling

In related news, CFO James Bond Clement sold 6,299 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $16.02, for a total value of $100,909.98. Following the completion of the sale, the chief financial officer owned 122,837 shares of the company’s stock, valued at approximately $1,967,848.74. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.02% of the company’s stock.

Hedge Funds Weigh In On Flotek Industries

Several large investors have recently modified their holdings of FTK. Goldman Sachs Group Inc. boosted its position in shares of Flotek Industries by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 120,927 shares of the oil and gas company’s stock worth $1,007,000 after buying an additional 26,400 shares during the period. Jane Street Group LLC raised its holdings in shares of Flotek Industries by 88.5% in the 1st quarter. Jane Street Group LLC now owns 100,151 shares of the oil and gas company’s stock valued at $834,000 after buying an additional 47,018 shares during the period. Acadian Asset Management LLC acquired a new position in Flotek Industries during the 1st quarter worth about $332,000. Los Angeles Capital Management LLC acquired a new position in Flotek Industries during the 2nd quarter worth about $243,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Flotek Industries during the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

About Flotek Industries

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.