Range Financial Group LLC Acquires 53,196 Shares of Flotek Industries, Inc. $FTK

Range Financial Group LLC acquired a new stake in shares of Flotek Industries, Inc. (NYSE:FTK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,196 shares of the oil and gas company’s stock, valued at approximately $1,560,000.

A number of other large investors have also made changes to their positions in FTK. State of Alaska Department of Revenue purchased a new position in shares of Flotek Industries in the 3rd quarter worth $37,000. Squarepoint Ops LLC boosted its holdings in Flotek Industries by 51.8% in the second quarter. Squarepoint Ops LLC now owns 111,425 shares of the oil and gas company’s stock valued at $2,621,000 after acquiring an additional 38,046 shares during the last quarter. Round Rock Advisors LLC boosted its holdings in Flotek Industries by 203.4% in the second quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company’s stock valued at $1,916,000 after acquiring an additional 54,620 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Flotek Industries in the second quarter valued at $706,000. Finally, Bank of New York Mellon Corp purchased a new stake in Flotek Industries during the second quarter valued at about $1,160,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

Key Stories Impacting Flotek Industries

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

• Positive Sentiment: Zacks Research upgraded FTK from “hold” to “strong-buy,” providing a positive analyst signal and potentially supporting the stock’s valuation. The upgrade comes after Flotek’s latest reported quarter exceeded expectations, with earnings and revenue above consensus estimates.
• Neutral Sentiment: Multiple law firms are reminding investors that October 26, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who purchased Flotek securities during August 2026. These notices primarily solicit participation and do not represent a court finding of wrongdoing. Kaplan Fox investor notice
• Negative Sentiment: The lawsuits and investor investigations allege that Flotek failed to disclose material information related to a roughly $400 million Puerto Rico Electric Power Authority power-generation project, including concerns about consortium partners, contract approval and the project’s reported cancellation. If substantiated, the allegations could create litigation costs, reputational damage and uncertainty around Flotek’s backlog and future revenue. Moore Law investor notice
• Negative Sentiment: The high volume of near-identical class-action announcements from Kaplan Fox, DJS Law, Pomerantz, Rosen, Johnson Fistel and other firms is increasing visibility around the controversy and may keep pressure on FTK until the company provides clarity or the legal process advances. FTK shareholder alert

Flotek Industries Trading Down 2.0%

Shares of FTK stock opened at $24.02 on Wednesday. The stock has a market cap of $869.97 million, a price-to-earnings ratio of 24.26 and a beta of 1.42. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. Flotek Industries, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $39.67. The firm’s 50 day moving average price is $27.27 and its two-hundred day moving average price is $23.79.

Flotek Industries (NYSE:FTK) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. The company had revenue of $99.37 million during the quarter, compared to the consensus estimate of $69.51 million. On average, analysts anticipate that Flotek Industries, Inc. will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other Flotek Industries news, Director Matthew Wilks purchased 1,319,493 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the transaction, the director owned 1,477,285 shares in the company, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the sale, the insider directly owned 3,693,194 shares of the company’s stock, valued at approximately $96,059,975.94. This trade represents a 38.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FTK shares. Zacks Research raised Flotek Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday. Lake Street Capital raised their price objective on Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Weiss Ratings upgraded Flotek Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Finally, JonesTrading initiated coverage on Flotek Industries in a research note on Thursday, July 9th. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $34.67.

Flotek Industries Profile

Flotek Industries, Inc is a technology company that develops and supplies specialty green chemistry and data-driven solutions for the energy industry. Its offerings are designed to help oil and natural gas producers improve well performance, manage production processes and reduce the environmental impact of energy operations.

Through its Chemistry Technologies segment, Flotek provides biodegradable and environmentally focused chemical products used in drilling, cementing, stimulation, completion and production activities.