Flotek Industries with ticker code (FTK) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 3 and 1.4 with a mean TP of 2.2. Given that the stocks previous close was at 1.23 this would indicate that there is a potential upside of 78.9%. There is a 50 day moving average of 1.33 and the 200 moving average now moves to 1.16. The company has a market capitalisation of $93m. Company Website: https://www.flotekind.com
The potential market cap would be $166m based on the market concensus.
Flotek Industries operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers’ hydrocarbon fluids. This segment’s data platforms combine the energy industry’s field-deployable, inline optical analyzer with proprietary cloud visualization and analytics. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. The company was incorporated in 1985 and is headquartered in Houston, Texas.
