Summary
Flotek Industries Targets $20B Market as Data Analytics Drives Record Growth
Flotek Industries NYSE: FTK outlined its strategy to expand beyond specialty oilfield chemicals by combining chemistry technologies with real-time data analytics, Chief Executive Officer Ryan Ezell said during an EnerCom presentation.
How Much Upside is Left in Flotek Industries (FTK)? Wall Street Analysts Think 30.25%
The average of price targets set by Wall Street analysts indicates a potential upside of 30.3% in Flotek Industries (FTK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Flotek Industries (FTK) is a Great Momentum Stock: Should You Buy?
Does Flotek Industries (FTK) have what it takes to be a top stock pick for momentum investors? Let's find out.
Flotek Industries Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 12,269 | $288,570 | $303,412.37 | $14,842.37 | 5.14% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6 | $87.6 | $148.38 | $60.78 | 69.38% |
| MM Mike Masters Masters Capital Management LLC | 1M | $10.76M | $24.06M | $13.3M | 123.69% |
| KMF Kevin M. Flagstad Viking Fund Management LLC | 125,250 | $7.9M | $3.1M | -$4.8M | -60.78% |
| CD Charlie Durham Sterling Capital Management LLC | 66 | $963.62 | $1,638.78 | $675.16 | 70.06% |
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Flotek Industries Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Ryan Gillis Ezell CEO | NYSE Exchange | 343389409 CUSIP |
| US Country | 159 Employees | - Last Dividend | 26 Sep 2023 Last Split | 27 Jul 2005 IPO Date |
Overview
Flotek Industries, Inc. is a technology-forward company rooted in the development and application of green chemistry and data services. It strategically addresses the needs of clients in various industrial and commercial spheres, both domestically in the United States and on a global scale, including in the United Arab Emirates. The company has carved a niche for itself by operating through two primary segments, namely Chemistry Technologies (CT) and Data Analytics (DA), providing innovative solutions aimed at optimizing the profitability and sustainability of businesses, especially within the energy sector. Founded in 1985 and anchored in Houston, Texas, Flotek is committed to delivering environmentally friendly chemical solutions and insightful data analytics to enhance the operational efficiency of its clients.
Products and Services
- Chemistry Technologies (CT)
The CT segment stands as the core of Flotek's operations where it designs, develops, manufactures, packages, distributes, delivers, and markets an array of green specialty chemicals. These products are not only environmentally friendly but also engineered to boost the profitability of hydrocarbon producers. This segment caters to a diversified clientele, including integrated oil and gas companies, oilfield services, independent oil and gas operators, and players in the geothermal, solar, and alternative energy markets. By offering green specialty chemistries coupled with logistics and technological services, Flotek assists in ensuring the sustainable production and exploration activities of its clients.
- Data Analytics (DA)
This segment encompasses the development, production, sale, and support of equipment and services that furnish crucial information regarding the composition and properties of clients' hydrocarbon fluids. By utilizing cutting-edge data analytics, Flotek empowers energy customers with actionable insights into their operations, facilitating optimized decision-making processes that enhance overall efficiency and profitability. Through a blend of in-house sales professionals and contractual agency agreements, the company ensures that its innovative solutions are accessible to a broad spectrum of customers.
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