For its third fiscal quarter (ending September 30), Flotek Industries Inc (NYSE: FTK) has reported a 125% increase in E.P.S. from $0.04 a year ago to $0.09 in the current quarter. E.P.S. were $0.28 for the latest four quarters through September 30 versus $-0.53 for the same period a year ago — a decline of -153%.
Recent Price Action
On 11/4/24, Flotek Industries Inc (NYSE: FTK) stock declined modestly by -1.4%, closing at $5.00. Moreover, this decline was accompanied by unusually high trading volume at 153% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FTK is expected to be Value Creation neutral.
Flotek Industries has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Flotek Industries has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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