Somewhat Positive Press Coverage Somewhat Unlikely to Affect Flotek Industries (FTK) Stock Price

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Media coverage about Flotek Industries (NYSE:FTK) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flotek Industries earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 47.78100797046 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Shares of FTK stock traded up $0.23 during trading hours on Thursday, hitting $6.29. The company’s stock had a trading volume of 955,885 shares, compared to its average volume of 1,044,266. The firm has a market capitalization of $342.23, a PE ratio of -86.57 and a beta of 1.45. Flotek Industries has a twelve month low of $4.14 and a twelve month high of $13.06.

Flotek Industries (NYSE:FTK) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.03. The business had revenue of $72.50 million for the quarter, compared to analyst estimates of $72.85 million. Flotek Industries had a negative net margin of 8.64% and a negative return on equity of 0.21%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. sell-side analysts expect that Flotek Industries will post 0.32 EPS for the current year.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Flotek Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. ValuEngine lowered shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st.

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About Flotek Industries

Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Insider Buying and Selling by Quarter for Flotek Industries (NYSE:FTK)

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