Flotek Industries Sees FY24 Adj. Gross Profit Margin 18%-22%; Adj. EBITDA $10M-$16M
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Flotek Industries Sees FY24 Adj. Gross Profit Margin 18%-22%; Adj. EBITDA $10M-$16M
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2024 | $6.50 | Buy | ROTH MKM |
| 4/29/2024 | $7.00 | Buy | Alliance Global Partners |
| 7/1/2021 | $2.50 | Outperform | Noble Capital Markets |
Roth MKM analyst Gerry Sweeney initiates coverage on Flotek Industries (NYSE:FTK) with a Buy rating and announces Price Target of $6.5.
Flotek Industries' (NYSE:FTK) wholly owned subsidiary JP3 Measurement, a leader in innovative analytical measurement solutions, today announced that the Environmental Protection Agency (EPA) has designated the JP3 system as an approved measurement technology with respect to recently enacted flare regulations. This state-of-the-art optical instrument, designed for the precise measurement of net heating values (NHV) in flare gases, is the first to be approved as an alternative method under the new NSPS OOOOb regulations, supporting cleaner and more efficient operations across the oil and gas industry.
HOUSTON, Nov. 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced operational and financial results for the quarter ended September 30, 2024, highlighted by significant improvement in profitability metrics as compared to the third quarter of 2023. Due to the strong results achieved through the first nine months of the year, the Company increased its 2024 profit guidance. Financial Summary (in thousands, except 'per share' amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Total Revenu
HOUSTON, Oct. 7, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced the Company's schedule for releasing its third quarter 2024 financial and operating results for the period ended September 30, 2024. The Company plans to issue its third quarter 2024 financial and operating results press release after market close on Monday, November 4, 2024, and host its earnings conference call on Tuesday, November 5, 2024, at 9:00 a.m. CST (10:00 a.m. EST). Participants may access the call through Flotek's website at www.flotekind.com under
HOUSTON, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Flotek Industries, Inc. ("Flotek") (NYSE:FTK), an advanced technology-driven, green chemical and data analytics company, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. Flotek's management team is scheduled to present on Wednesday, September 4th at 12:30 p.m. Pacific Time (PT). The presentation will be webcast live and available for replay at this link. In addition to the presentation, Flotek's executives will be available for one-on-one meetings throughout the conference. For additional information, to request an invitation, or to sc
HOUSTON, June 11, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) announced today that the company is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in th
HOUSTON, June 10, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. This appointment serves as the replacement for the Company's Senior Vice President- Global Business Lines who departed in March 2024. With over three decades of both domestic and international experience in the energy and chemistry industries, Mr. Chad brings invaluable expertise that will further enhance the Company's strategy to drive market share gains through its d
HOUSTON, March 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced that it has appointed Amy Blakeway as Senior Vice President, General Counsel, effective March 1, 2024. With over a decade of legal experience in the energy sector, Ms. Blakeway brings unique expertise that will further strengthen the leadership team and help advance the Company's growth strategy to drive market share gains through its differentiated chemistry and data solutions. Ryan Ezell, Chief Executive Officer, said, "I am pleased to welcome Amy as the newe
HOUSTON, Nov. 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced operational and financial results for the quarter ended September 30, 2024, highlighted by significant improvement in profitability metrics as compared to the third quarter of 2023. Due to the strong results achieved through the first nine months of the year, the Company increased its 2024 profit guidance. Financial Summary (in thousands, except 'per share' amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Total Revenu
HOUSTON, Oct. 7, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced the Company's schedule for releasing its third quarter 2024 financial and operating results for the period ended September 30, 2024. The Company plans to issue its third quarter 2024 financial and operating results press release after market close on Monday, November 4, 2024, and host its earnings conference call on Tuesday, November 5, 2024, at 9:00 a.m. CST (10:00 a.m. EST). Participants may access the call through Flotek's website at www.flotekind.com under
HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced operational and financial results for the quarter ended June 30, 2024, highlighted by significant improvement in profitability metrics as compared to the second quarter of 2023. Due to the strong business performance in the first half of the year, the Company increased its 2024 profitability guidance. Financial Summary (in thousands, except 'per share' amounts) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total Revenues $
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ROTH MKM initiated coverage of Flotek Industries with a rating of Buy and set a new price target of $6.50
Alliance Global Partners initiated coverage of Flotek Industries with a rating of Buy and set a new price target of $7.00
Noble Capital Markets initiated coverage of Flotek Industries with a rating of Outperform and set a new price target of $2.50