Flotek IndustriesFTK
About: Flotek Industries Inc is a technology-driven company focused on reducing the environmental impact of energy operations. Its Chemistry Technologies segment develops green specialty chemicals to enhance the profitability of hydrocarbon producers, catering to major players in the oil and gas industry. These chemicals improve operational efficiency and sustainability throughout the well life cycle. The Data Analytics segment provides real-time analytics for hydrocarbon streams, enabling users to optimize processes and increase profitability by reducing waste and reprocessing. Flotek's revenue primarily comes from its Chemistry segment, reflecting its commitment to providing solutions for environmental improvement in the energy sector.
Employees: 146
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,144% more call options, than puts
Call options by funds: $199K | Put options by funds: $16K
34% more capital invested
Capital invested by funds: $12.9M [Q1] → $17.2M (+$4.38M) [Q2]
0.25% more ownership
Funds ownership: 11.59% [Q1] → 11.84% (+0.25%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
3% less funds holding
Funds holding: 33 [Q1] → 32 (-1) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Roth MKM Gerry Sweeney 35% 1-year accuracy 6 / 17 met price target | 29%upside $6.50 | Buy Initiated | 25 Jul 2024 |