Flotek Industries

FTK · NYSE

$24.07−$0.43 (−1.76%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $24.50

FTK analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $40.21 (+67.1% upside)

Low: $32.32
Now: $24.07
High: $46.20

Upgrades and downgrades

The latest rating actions, newest first

FTK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Lake Street	Sep 15, 2026	Maintains	Buy	$40.00 → $44.00	61%
Jones Trading	Jul 9, 2026	Initiates	Buy	$40.00	78%
Northland Capital Markets	Dec 31, 2025	Maintains	Outperform	$20.00	34%

The case for and against

Updated Jan 11, 2025

Bull case

Flotek Industries Inc. has demonstrated a significant revenue increase in its Data Analytics segment, rising to $2.7 million in the second quarter, reflecting a 30% growth mostly attributed to successful flare gas monitoring initiatives. The company is witnessing improved gross margins, currently at 22.4%, with expectations to reach 23.7% by 2026, driven by better overhead absorption and the potential upselling of higher-margin products. Additionally, Flotek's proprietary well data set capabilities are likely to enhance operational efficiencies, driving market share gains as the natural gas drilling activity is projected to improve in the coming years.

Bear case

Flotek Industries Inc. is experiencing challenges as indicated by a downward forecast in its Chemistry segment revenues, which are expected to decline by 5.2% year-over-year due to an oversupply of natural gas impacting demand. The company's debt to adjusted EBITDA ratio has improved to below 0.1x from 0.4x, although this positive metric may not sufficiently offset the pressures stemming from weak natural gas prices and potential operational difficulties. Furthermore, the company's financial stability is at risk, as any inability to meet operational and financial obligations could severely impair its financial condition and cash flows.

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