Flotek Industries (FTK) - FREE Research Report

Reeves Steven A who is Exec. VP, Operations at Flotek Industries sold 50,000 shares at $26.66 on March 5, 2014. Following this transaction, the Exec. VP, Operations owned 277,242 shares meaning that the stake was reduced by 15.28% with the 50,000-share transaction.

Snively Joshua A who is EVP, Chemistry Research at Flotek Industries sold 50,000 shares at $25.11 on March 5, 2014. Following this transaction, the EVP, Chemistry Research owned 173,934 shares meaning that the stake was reduced by 22.33% with the 50,000-share transaction.

Hardy Carla S. who is Director at Flotek Industries sold 45,000 shares at $26.39 on March 5, 2014. Following this transaction, the Director owned 324,021 shares meaning that the stake was reduced by 12.19% with the 45,000-share transaction.

The shares most recently traded at $27.40, up $1.01, or 3.7% since the insider transaction. Historical insider transactions for Flotek Industries go as follows:

  • 4-Week # shares sold: 133,068
  • 12-Week # shares sold: 223,068
  • 24-Week # shares sold: 251,068

The average volume for Flotek Industries has been 718,200 shares per day over the past 30 days. Flotek Industries has a market cap of $1.4 billion and is part of the basic materials sector and chemicals industry. Shares are up 33.18% year-to-date as of the close of trading on Wednesday.

Flotek Industries, Inc. engages in the research, development, design, and supply of drilling and production related products and services in the United States and internationally. The company operates through three segments: Chemicals and Logistics, Drilling Products, and Artificial Lift. The company has a P/E ratio of 39.9. Currently there are 3 analysts that rate Flotek Industries a buy, no analysts rate it a sell, and none rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on FTK - FREE

TheStreet Quant Ratings rates Flotek Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Flotek Industries Ratings Report from TheStreet Quant Ratings now.

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