XTX Topco Ltd Acquires Shares of 10,652 Flotek Industries, Inc. (NYSE:FTK)

XTX Topco Ltd acquired a new position in Flotek Industries, Inc. (NYSE:FTK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,652 shares of the oil and gas company’s stock, valued at approximately $53,000.

Separately, PDT Partners LLC purchased a new position in shares of Flotek Industries during the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

Flotek Industries Stock Down 0.5 %

NYSE:FTK opened at $7.32 on Monday. Flotek Industries, Inc. has a 52 week low of $2.64 and a 52 week high of $9.14. The stock’s 50-day moving average price is $6.91 and its 200-day moving average price is $5.41. The stock has a market capitalization of $218.11 million, a PE ratio of 28.15 and a beta of 1.23.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $49.74 million for the quarter, compared to analyst estimates of $50.40 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same period last year, the company earned $0.04 earnings per share. Sell-side analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm lifted their price target on Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

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).