Flotek Industries Inc (NYSE: FTK) has reported E.P.S. of $0.07 for its second fiscal quarter (ending June 30) versus $0.00 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.23 versus $-0.32 for the same period a year ago.
Recent Price Action
Flotek Industries Inc (NYSE: FTK) stock closed at $4.22 on 8/6/24 after a large increase of 2.4%. Moreover, this advance was accompanied by above average trading volume at 134% of normal. The stock has declined -2.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Flotek Industries has a slightly negative Appreciation Score of 33 but a very high Power Rating of 88, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment