Flotek Industries (NYSE:FTK) Releases Earnings Results, Beats Expectations By $0.04 EPS

Flotek Industries (NYSE:FTK) issued its earnings results on Monday. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Zacks reports. The firm had revenue of $50.76 million for the quarter, compared to the consensus estimate of $50.08 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same quarter last year, the business posted $0.07 EPS.

Flotek Industries Price Performance

FTK opened at $7.39 on Wednesday. Flotek Industries has a fifty-two week low of $2.68 and a fifty-two week high of $10.35. The firm has a market capitalization of $220.04 million, a price-to-earnings ratio of 28.40 and a beta of 1.21. The company’s 50 day moving average price is $8.63 and its two-hundred day moving average price is $7.02.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).