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

News coverage about Flotek Industries (NYSE:FTK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flotek Industries earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.97562635218 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of Flotek Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th.

Shares of Flotek Industries (FTK) traded up $0.10 during mid-day trading on Friday, reaching $4.61. 692,582 shares of the company traded hands, compared to its average volume of 902,327. Flotek Industries has a 12-month low of $4.14 and a 12-month high of $14.51.

Flotek Industries (NYSE:FTK) last announced its earnings results on Wednesday, November 8th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). Flotek Industries had a negative net margin of 10.41% and a negative return on equity of 1.64%. The firm had revenue of $79.46 million during the quarter, compared to analyst estimates of $85.10 million. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities analysts expect that Flotek Industries will post -0.12 earnings per share for the current fiscal year.

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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).

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

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