Q3 Earnings Forecast for FTK Issued By Northland Securities

Flotek Industries, Inc. (NYSE:FTK) – Investment analysts at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for shares of Flotek Industries in a report issued on Thursday, March 12th. Northland Securities analyst J. Grampp now expects that the oil and gas company will earn $0.19 per share for the quarter, down from their prior forecast of $0.21. Northland Securities currently has a “Outperform” rating and a $20.00 target price on the stock. The consensus estimate for Flotek Industries’ current full-year earnings is $0.29 per share. Northland Securities also issued estimates for Flotek Industries’ Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.67 EPS and FY2027 earnings at $1.40 EPS.

Flotek Industries (NYSE:FTK) last posted its quarterly earnings results on Wednesday, March 11th. The oil and gas company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). Flotek Industries had a return on equity of 21.32% and a net margin of 12.87%.The company had revenue of $67.52 million for the quarter, compared to analyst estimates of $53.37 million.

FTK has been the topic of several other reports. Zacks Research cut shares of Flotek Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Flotek Industries in a report on Monday, December 29th. Finally, Lake Street Capital began coverage on Flotek Industries in a research report on Thursday, January 29th. They set a “buy” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Flotek Industries presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Flotek Industries Stock Up 0.4%

Flotek Industries stock opened at $17.03 on Monday. Flotek Industries has a twelve month low of $6.05 and a twelve month high of $20.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.63 and a current ratio of 1.80. The firm has a market cap of $511.77 million, a PE ratio of 20.51 and a beta of 1.45. The firm’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $15.86.

Institutional Investors Weigh In On Flotek Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Flotek Industries in the 2nd quarter valued at about $50,000. Quarry LP raised its holdings in Flotek Industries by 97.2% during the third quarter. Quarry LP now owns 3,855 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 1,900 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Flotek Industries during the second quarter valued at approximately $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Flotek Industries during the second quarter valued at approximately $115,000. Finally, Deutsche Bank AG bought a new position in Flotek Industries in the fourth quarter valued at approximately $150,000. 10.90% of the stock is owned by institutional investors.

Insider Transactions at Flotek Industries

In other news, CFO James Bond Clement sold 6,299 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $16.02, for a total value of $100,909.98. Following the sale, the chief financial officer directly owned 122,837 shares in the company, valued at $1,967,848.74. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.02% of the company’s stock.

Flotek Industries Company Profile

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.