Flotek Industries, Inc. (FTK) News
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FTK News Highlights
- For FTK, its 30 day story count is now at 4.
- Over the past 20 days, the trend for FTK's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
Latest FTK News From Around the Web
Below are the latest news stories about Flotek Industries Inc that investors may wish to consider to help them evaluate FTK as an investment opportunity.
ProFrac Extends Long-Term Supply Agreement with FlotekGreen chemistry solutions provider Flotek Industries, Inc. (NYSE: FTK) and hydraulic fracturing services firm ProFrac Holdings have signed an agreement to extend a long-term supply deal with an affiliate of ProFrac. Flotek expects the extension to add around $1 billion to $2.1 billion to its revenue backlog over the next decade. The transaction is expected to close in the second quarter of this year. About Flotek Based out of Texas, Flotek creates solutions to reduce the environmental impact of energy on air, water, land, and people. It develops and supplies chemistry solutions and services to the oil and gas industries, and companies that make cleaning products, cosmetics, food, and beverages. |
Flotek Announces Conference Call to Discuss Recently Awarded $1 Billion+ Long Term ContractFlotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, will host a conference call on Thursday March 10, at 3:30 p.m. CST (4:30 p.m. EST) to discuss the recently-announced agreement with ProFrac Holdings, LLC ("ProFrac") that, upon closing, would significantly expand the long-term supply agreement with one of ProFrac's affiliates. |
Flotek Awarded $1 Billion+ Long Term ContractFlotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, has entered into an agreement with ProFrac Holdings, LLC ("ProFrac") to expand the previously-announced long term supply agreement with one of ProFrac's affiliates. |
FLOTEK AND PROFRAC TEAM UP TO PROVIDE SUSTAINABLE, VERTICALLY INTEGRATED SOLUTIONSFlotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, announced today it has entered into a long-term agreement with ProFrac Services, LLC ("ProFrac"), the largest private North American provider of hydraulic fracturing services, to provide its full portfolio of sustainable chemistry solutions to a dedicated portion of ProFrac's hydraulic fracturing fleets. |
Are Options Traders Betting on a Big Move in Flotek Industries (FTK) Stock?Investors need to pay close attention to Flotek Industries (FTK) stock based on the movements in the options market lately. |
Flotek (FTK) Gets a Buy Rating from Noble FinancialIn a report released today, Michael Heim from Noble Financial maintained a Buy rating on Flotek (FTK – Research Report), with a price target of $2.50. The company's shares closed last Monday at $0.56. According to TipRanks.com, Heim is ranked #1366 out of 7756 analysts. Currently, the analyst consensus on Flotek is a Moderate Buy with an average price target of $2.50. See Insiders’ Hot Stocks on TipRanks >> Based on Flotek's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.18 million and net profit of $509K. In comparison, last year the company earned revenue of $12. |
Flotek Industries Pops 50% After Receiving Unsolicited Indication of InterestFlotek Industries, Inc. (NYSE: FTK) received an unsolicited indication of interest for a potential transaction, for all or a part of the company. Further terms of the deal have been kept under wraps. Flotek Industries, Inc. is a technology-driven company that develops chemistry and services solutions for the oil and gas industries, and other companies to improve their environmental, social, and governance (ESG) impact of energy on air, water, land and people. Following the news, FTK shares gained almost 50% during the extended trading session on December 27. Piper Sandler Appointed as Financial Advisor The company's Board has appointed Piper Sandler & Co. |
Flotek shares jump 50% after hours on unsolicited takeover interestShares of Flotek Industries Inc. jumped as much as 50% in after-hours trading Monday after the Houston-based chemistry and data company disclosed that it has received an unsolicited indication of interest for a buyout of all or some of the company. |
Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper SandlerFlotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) has received an unsolicited indication of interest for a potential transaction for all or part of the Company. To assist in evaluating this unsolicited indication of interest, Flotek's Board of Directors has engaged Piper Sandler & Co. ("Piper Sandler") as a financial advisor to assist with the evaluation process. |
Flotek Industries (NYSE:FTK) Upgraded by Zacks Investment Research to BuyFlotek Industries (NYSE:FTK) was upgraded by Zacks Investment Research from a hold rating to a buy rating in a report issued on Thursday, Zacks.com reports. The brokerage currently has a $0.75 target price on the oil and gas companys stock. Zacks Investment Researchs price target suggests a potential upside of 22.43% from the stocks current [] |