Flotek Industries (NYSE:FTK) Stock Falls 7.1% – Time to Sell?

by · The Cerbat Gem

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) shares fell 7.1% on Wednesday. The company traded as low as $27.81 and last traded at $27.8560. Approximately 74,851 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 379,353 shares. The stock had previously closed at $29.97.

Key Stories Impacting Flotek Industries

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

  • Neutral Sentiment: Investors who purchased Flotek securities between August 3 and August 17, 2026, have been notified of an October 26 deadline to seek appointment as lead plaintiff in the securities class action. The notices do not determine liability or guarantee compensation. Flotek Industries securities fraud lawsuit deadline
  • Negative Sentiment: Multiple law firms, including Pomerantz, Faruqi & Faruqi, Bernstein Liebhard, and others, announced or promoted class-action claims against Flotek and certain officers. The filings allege that investors were harmed by statements concerning the $400 million PREPA contract and name CEO Ryan Ezell and CFO Bond Clement in connection with individual-liability claims. Flotek PREPA contract lawsuit
  • Negative Sentiment: The legal activity adds uncertainty over Flotek’s disclosures, the expected Puerto Rico revenue backlog, potential litigation costs, and management credibility. This negative overhang is the primary apparent reason the stock has decreased, despite the company’s previously reported earnings and revenue beat. Flotek investor alert

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FTK shares. JonesTrading started coverage on shares of Flotek Industries in a research note on Thursday, July 9th. They set a “buy” rating and a $40.00 target price on the stock. Lake Street Capital upped their price target on Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Finally, Weiss Ratings downgraded Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Read Our Latest Report on FTK

Flotek Industries Stock Down 10.9%

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 $28.29 and its 200 day moving average price is $23.18. The firm has a market cap of $966.97 million, a PE ratio of 26.99 and a beta of 1.42.

Flotek Industries (NYSE:FTK – Get Free Report) last posted 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 return on equity of 21.57% and a net margin of 12.97%.The company had revenue of $99.37 million for the quarter, compared to analysts’ expectations of $69.51 million. On average, equities research analysts expect that Flotek Industries, Inc. will post 0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the completion of the sale, the insider owned 3,693,194 shares of the company’s stock, valued at $96,059,975.94. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Wilks bought 1,319,493 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the acquisition, the director directly owned 1,477,285 shares of the company’s stock, valued at approximately $38,424,182.85. This represents a 836.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Flotek Industries

Several large investors have recently bought and sold shares of FTK. Squarepoint Ops LLC raised its holdings in Flotek Industries by 51.8% in the 2nd 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 increased its holdings in shares of 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 purchasing an additional 54,620 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Flotek Industries in the second quarter valued at approximately $706,000. Bank of New York Mellon Corp purchased a new position in Flotek Industries during the second quarter worth approximately $1,160,000. Finally, Masters Capital Management LLC boosted its stake in Flotek Industries by 8.9% during the first quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock worth $18,488,000 after buying an additional 89,438 shares during the last quarter. Hedge funds and other institutional investors own 10.90% of the company’s stock.

About Flotek Industries

(Get Free Report)

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.

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