|Bid||2.03 x 4000|
|Ask||2.72 x 900|
|Day's Range||2.4150 - 2.5100|
|52 Week Range||0.9500 - 6.7700|
|Beta (3Y Monthly)||2.18|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
shares jumped more that 90% Friday after the Houston-based chemical and services provider for the oil and gas industry announced that it was selling its consumer and industrial chemistry technologies segment to Archer Daniels Midland Co. Flotek will sell its Florida Chemical business to the global food processor for $175 million in cash. In addition to Florida Chemical changing hands, the two companies also agreed to a long-term reciprocal supply agreement in which Flotek will continue to supply Florida Chemical with the flavoring agent D-limonene.
TechnipFMC (FTI) will provide engineering, procurement, fabrication, transportation & installation services for Saudi Aramco's offshore prospects, per its long-term Offshore Agreement with the latter.
Houston-based Flotek Industries Inc. (NYSE: FTK), which makes chemicals used by the energy industry, has named Elizabeth Wilkinson as CFO, effective Dec. 28. Wilkinson will oversee the company’s financial strategy, planning and reporting, as well as investor relations, treasury and corporate development functions, according to a Dec. 27 press release. Meanwhile, Matt Marietta will leave Flotek on Dec. 31. H. Richard Walton also is stepping down from the role of chief accounting officer on Dec. 31, but he will remain with Flotek as a consultant to help with the leadership transition as needed.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have Read More...
While small-cap stocks, such as Flotek Industries Inc (NYSE:FTK) with its market cap of US$99m, are popular for their explosive growth, investors should also be aware of their balance sheet Read More...
Flotek Industries (FTK) delivered earnings and revenue surprises of 45.45% and 6.11%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Houston-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs, were 6 cents per share. The oilfield services company posted revenue of $71 million ...
The big shareholder groups in Flotek Industries Inc (NYSE:FTK) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning aRead More...
Investors need to pay close attention to Flotek Industries (FTK) stock based on the movements in the options market lately.
Everything that could have gone wrong for oilfield services company Flotek Industries Inc. (NYSE: FTK ) did so in the second quarter, according to Seaport Global. The Analysts Seaport Global analyst Mike ...
Flotek Industries (FTK) delivered earnings and revenue surprises of -385.71% and -6.95%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Houston-based company said it had a loss of $1.30. Losses, adjusted for non-recurring costs and pretax expenses, came to 34 cents per share. The oilfield services company posted ...
Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22. So, Halliburton and crude oil prices had a moderately positive correlation in the past week, which could mean that the stock was impacted less by crude oil’s movement on a daily basis.
How Did the Market View Schlumberger Last Week? In the week ending July 27, Schlumberger’s (SLB) correlation with crude oil was 0.48. The relatively strong correlation implies that the stock closely tracked crude oil’s movements.
TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion in the second quarter—down 23% from ~$3.85 billion recorded in the second quarter of 2017. TechnipFMC’s second-quarter revenues decreased due to declining inbound orders in the Subsea segments. The negative impact was partially offset by increased demand for hydraulic fracturing, wellhead, and pressure control equipment and services.
Schlumberger’s (SLB) correlation with crude oil’s price from July 13 to July 20 was 0.38. SLB announced its second-quarter earnings on July 20, and its correlation with crude oil was moderately strong during the week. Since April 20, the date that SLB released its first-quarter results, its correlation with crude oil has been marginally lower.
The correlation between Weatherford International’s (WFT) stock price and crude oil’s price from April 17 to July 16 was 0.03. This represents a weak positive relationship between WFT’s stock and crude oil prices.
On July 17, Weatherford International’s (WFT) implied volatility (or IV) was ~65.2%. Weatherford International’s first-quarter earnings were announced on April 24. Since then, its implied volatility has increased from ~63.0% to its current level. Since April 24, WFT’s stock price has increased 23.0%. Implied volatility points to a stock’s potential movement, as viewed by investors.
In the second quarter, Wall Street analysts expect an adjusted loss of $0.18 per share for Weatherford International (WFT). This indicates that analysts expect WFT to reduce its adjusted loss compared to its first-quarter adjusted loss of $0.19 per share.
The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52. The correlation shows that there’s a strong positive relationship between National Oilwell Varco stock and crude oil prices.