Flotek Industries, Inc. (NYSE:FTK) – Research analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for Flotek Industries in a report issued on Monday. Seaport Global Securities analyst S. Randhawa now expects that the oil and gas company will earn $0.05 per share for the quarter, down from their prior forecast of $0.11. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Flotek Industries’ Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.26 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.18 EPS and FY2019 earnings at $0.97 EPS.

ILLEGAL ACTIVITY WARNING: “Seaport Global Securities Equities Analysts Cut Earnings Estimates for Flotek Industries, Inc. (FTK)” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/08/08/seaport-global-securities-equities-analysts-cut-earnings-estimates-for-flotek-industries-inc-ftk.html.

Several other analysts also recently issued reports on FTK. Zacks Investment Research downgraded Flotek Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BidaskClub downgraded Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, ValuEngine downgraded Flotek Industries from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.

Shares of Flotek Industries (NYSE:FTK) opened at 6.38 on Tuesday. Flotek Industries has a 12-month low of $6.20 and a 12-month high of $16.93. The stock’s market capitalization is $365.78 million. The firm’s 50-day moving average price is $8.76 and its 200 day moving average price is $10.71.

Several institutional investors have recently bought and sold shares of FTK. Louisiana State Employees Retirement System boosted its position in Flotek Industries by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in Flotek Industries by 0.4% in the second quarter. Arizona State Retirement System now owns 28,367 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its position in Flotek Industries by 0.3% in the first quarter. Creative Planning now owns 120,778 shares of the oil and gas company’s stock valued at $1,545,000 after buying an additional 400 shares in the last quarter. Texas Permanent School Fund boosted its position in Flotek Industries by 1.3% in the second quarter. Texas Permanent School Fund now owns 39,712 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 500 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Flotek Industries by 0.6% in the first quarter. Prudential Financial Inc. now owns 92,399 shares of the oil and gas company’s stock valued at $1,182,000 after buying an additional 550 shares in the last quarter.

Flotek Industries Company Profile

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).

Earnings History and Estimates for Flotek Industries (NYSE:FTK)

Receive News & Ratings for Flotek Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.