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Flotek Industries (FTK) Soars 9.2%: Is Further Upside Left in the Stock?
ZACKS· 2025-06-12 14:16
Company Overview - Flotek Industries (FTK) shares increased by 9.2% to close at $16.55, supported by high trading volume, compared to a 5.7% gain over the past four weeks [1] - The company specializes in developing specialty chemicals for domestic and international energy producers and oilfield service companies [2] Financial Performance - Flotek reported impressive Q1 earnings with EPS exceeding estimates by 183% and revenue increasing by 37% year-over-year, driven by strong performance in green chemistry and data analytics segments [2] - The company raised its full-year guidance and completed a strategic asset acquisition worth $160 million [2] - Upcoming quarterly earnings are expected to be $0.10 per share, reflecting a year-over-year increase of 66.7%, with revenues projected at $48.11 million, up 4.2% from the previous year [3] Market Position and Analyst Sentiment - Flotek is increasingly recognized as a tech-enabled standout in a weak energy sector, with rising institutional interest and lower operational costs contributing to its growth [2] - The consensus EPS estimate for Flotek has been revised 9.5% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - Flotek currently holds a Zacks Rank of 1 (Strong Buy), while competitor Schlumberger (SLB) has a Zacks Rank of 3 (Hold) [4][5]
Are Oils-Energy Stocks Lagging Flotek Industries (FTK) This Year?
ZACKS· 2025-06-11 14:46
Group 1: Company Performance - Flotek Industries (FTK) has gained approximately 59% year-to-date, significantly outperforming the average return of -0.6% for the Oils-Energy sector [4] - The Zacks Consensus Estimate for FTK's full-year earnings has increased by 22.1% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3] - Flotek Industries is ranked 1 (Strong Buy) in the Zacks Rank system, suggesting strong potential for future performance [3] Group 2: Industry Context - Flotek Industries is part of the Oil and Gas - Field Services industry, which consists of 23 companies and currently ranks 134 in the Zacks Industry Rank [5] - The average return for the Oil and Gas - Field Services industry has been a loss of 9.6% year-to-date, highlighting Flotek's superior performance within its industry [5] - Another outperforming stock in the Oils-Energy sector is Gibson Energy Inc. (GBNXF), which has returned 0.7% year-to-date [4][6]
Flotek Industries Hits 52-Week High - Will the Momentum Last?
ZACKS· 2025-06-11 14:01
Core Insights - Flotek Industries (FTK) has achieved a 52-week high of $16.83, reflecting a remarkable 200% increase over the past year, driven by investor confidence in its transformation strategy focused on recurring revenues, analytics expansion, and global growth [1][8] - The company is set to join the Russell 3000 Index, which is expected to enhance its visibility and attract institutional interest [10] Strategic Developments - Flotek's strategic acquisition of power optimization assets from ProFrac Holding Corp. for $108 million is a significant catalyst for growth, transitioning the company into a recurring-revenue, data-focused business model [3] - The acquisition is projected to generate $14 million in EBITDA for 2025 and $20 million for 2026, with 22 units already leased to ProFrac [3][8] Revenue Growth and Market Position - The Data Analytics Services (DAS) segment is becoming more predictable, supported by a $20 million annual take-or-pay chemistry contract with ProFrac, providing long-term revenue visibility [4] - International chemistry revenues surged nearly 250% year-over-year in Q1 2025, with strong growth in the Middle East and Argentina, positioning FTK to diversify its customer base [5][9] Financial Performance - In Q1 2025, Flotek reported a 37% year-over-year revenue growth, a 41% increase in gross profit, and a 244% surge in net income, with adjusted EBITDA nearly doubling [9] - Management anticipates an 80% year-over-year growth in adjusted EBITDA for 2025, driven by operating leverage from analytics assets and international expansion [10] Competitive Advantage - Flotek's hybrid model, which combines proprietary hardware with analytics and long-term leases, offers more predictability and margin resilience compared to competitors like ChampionX, which relies on one-time product sales [11][12] - The DAS segment is expected to generate more revenue in 2025 than in all of 2024, highlighting the effectiveness of the expanded partnership with ProFrac [12] Valuation and Growth Outlook - Flotek's forward price-to-earnings ratio stands at 25.71, higher than the subindustry average of 12.62, reflecting justified premium due to its growth potential [13] - The Zacks Consensus Estimate projects earnings growth of 56% in 2025 and 27% in 2026, indicating a strong growth profile in the energy services sector [15] Conclusion - Flotek's stock price surge is attributed to its successful execution across multiple fronts, including the ProFrac deal, international expansion, and a shift towards a high-margin, recurring-revenue model [18] - The company is currently rated as a Strong Buy, with upward estimate revisions and margin expansion providing a solid investment thesis [19]
All You Need to Know About Flotek Industries (FTK) Rating Upgrade to Strong Buy
ZACKS· 2025-06-03 17:06
Group 1 - Flotek Industries has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which significantly impacts stock prices [1][3] - The Zacks rating system focuses on changes in earnings estimates, which are tracked through a consensus measure from sell-side analysts [2][6] - The upgrade indicates a positive outlook on Flotek's earnings, suggesting potential favorable impacts on its stock price [3][10] Group 2 - There is a strong correlation between earnings estimate revisions and near-term stock movements, making it crucial for investment decisions [4][6] - Rising earnings estimates for Flotek imply an improvement in the company's underlying business, which should lead to higher stock prices [5][8] - For the fiscal year ending December 2025, Flotek is expected to earn $0.53 per share, reflecting a 55.9% increase from the previous year, with a 22.1% increase in the Zacks Consensus Estimate over the past three months [8] Group 3 - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9] - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10]
Flotek Industries Added to Russell 3000® Index
Prnewswire· 2025-06-03 12:30
HOUSTON, June 3, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that it will be added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution.The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for on ...
Flotek Industries: Christmas Comes In May For Investors
Seeking Alpha· 2025-05-23 18:17
Group 1 - The Daily Drilling Report is an investment group focused on providing analysis for the oil and gas industry, featuring a model portfolio that encompasses all segments of upstream oilfield activity with weekly updates [1] - The group offers investment ideas for both U.S. and international energy companies, covering a range from shale to deepwater drillers [1] - Technical analysis is utilized to identify catalysts within the oil and gas sector [1] Group 2 - Fluidsdoc is an international oil industry veteran with 40 years of experience, having worked across six continents and over twenty countries, specializing in the upstream oilpatch [2]
Flotek(FTK) - 2025 Q1 - Quarterly Report
2025-05-08 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of incorp ...
Is Flotek Industries (FTK) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2025-05-08 14:45
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Flotek Industries (FTK) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Flotek Industries is a member of the Oils-Energy sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank ...
Flotek(FTK) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:02
Flotek Industries (FTK) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Michael Critelli - Director of Finance & Investor RelationsRyan Ezell - Chief Executive OfficerBond Clement - Chief Financial OfficerJosh Jayne - Managing Director Conference Call Participants Donald Crist - Senior Research AnalystJeff Grampp - Managing Director - Senior Research AnalystGerry Sweeney - Managing Director, Senior Research AnalystGowshi Sriharan - Analyst Operator Good morning, ladies and gentlemen, and ...
Best Momentum Stocks to Buy for May 7th
ZACKS· 2025-05-07 15:00
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 7: Flotek Industries, Inc. (FTK) : This tech-driven green chemistry and data company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. Flotek's shares gained 2.5% over the last six months compared with the S&P 500's decline of 5.7%. The company possesses a Momentum Score of B. See the full list of top ranked stocks here ...