What is Northland Securities’ Forecast for FTK Q3 Earnings?

Flotek Industries, Inc. (NYSE:FTK) – Equities research analysts at Northland Securities raised their Q3 2026 earnings per share estimates for shares of Flotek Industries in a research note issued on Thursday, August 6th. Northland Securities analyst J. Grampp now forecasts that the oil and gas company will post earnings per share of $0.20 for the quarter, up from their prior forecast of $0.18. The consensus estimate for Flotek Industries’ current full-year earnings is $0.70 per share. Northland Securities also issued estimates for Flotek Industries’ FY2026 earnings at $0.77 EPS and FY2027 earnings at $1.52 EPS.

Several other equities research analysts have also commented on FTK. Weiss Ratings raised shares of Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. JonesTrading started coverage on shares of Flotek Industries in a report on Thursday, July 9th. They set a “buy” rating and a $40.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Flotek Industries Trading Up 6.6%

Shares of NYSE:FTK opened at $37.75 on Monday. Flotek Industries has a 1 year low of $10.95 and a 1 year high of $38.40. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 38.13 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 1.50. The business’s 50 day moving average price is $25.14 and its 200-day moving average price is $20.04.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $99.37 million for 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%.

Institutional Investors Weigh In On Flotek Industries

A number of hedge funds have recently modified their holdings of FTK. Kornitzer Capital Management Inc. KS purchased a new stake in Flotek Industries in the first quarter valued at $876,000. Dimensional Fund Advisors LP grew its holdings in shares of Flotek Industries by 71.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock worth $11,736,000 after purchasing an additional 288,064 shares during the period. Masters Capital Management LLC grew its holdings in shares of Flotek Industries by 8.9% during the 1st quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock worth $18,488,000 after purchasing an additional 89,438 shares during the period. Bard Associates Inc. acquired a new stake in shares of Flotek Industries during the 4th quarter worth about $3,279,000. Finally, S Squared Technology LLC increased its position in shares of Flotek Industries by 14.1% during the 4th quarter. S Squared Technology LLC now owns 263,726 shares of the oil and gas company’s stock worth $4,544,000 after purchasing an additional 32,654 shares during the last quarter. Hedge funds and other institutional investors own 10.90% of the company’s stock.

Insider Transactions at Flotek Industries

In other Flotek Industries news, CFO James Bond Clement sold 12,554 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $20.08, for a total value of $252,084.32. Following the completion of the sale, the chief financial officer directly owned 115,324 shares of the company’s stock, valued at $2,315,705.92. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

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.