3.85 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.84 - 4.00|
|52 Week Range||3.82 - 12.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.00|
MicroSolv™ Delivers Cost-Effective Performance HOUSTON , April 25, 2018 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK), a leading developer and distributor of prescriptive chemistry-based technology, ...
Meanwhile, Halliburton (HAL) affirmed increased activity in the U.S. shale, driven by strong oil and gas production in response to an improving crude environment.
Shares of Flotek Industries Inc. plunged 37.5% in active afternoon trade Monday to pace the NYSE's decliners, putting them on track to close at a 7 1/2-year low, after the chemical company provided a downbeat first-quarter outlook. "While we continued to focus on fixed cost reductions, our efforts did not keep pace with revenue declines." The stock is on track to close below the $4 mark for the first time since December 2010.
Energy Chemistry Technologies ("ECT") segment revenues are expected to be in the $40 million - $42 million range and Consumer and Industrial Chemistry Technologies ("CICT") segment revenues are expected to be in the $19 million - $20 million range. Flotek expects to report negative EBITDA (non-GAAP) for the first quarter. John Chisholm, Flotek's Chairman, President and Chief Executive Officer commented, "At the start of the quarter, our revenues were impacted by weather-related delays in activity.
A surge in North American directional land drilling operations and IPS contracts support Schlumberger's (SLB) first-quarter results.
The Zacks Analyst Blog Highlights: Flotek Industries, Nine Energy Service, Baytex Energy, Mammoth Energy Services and CNOOC
Restriction of methane leakage will help BP to considerably lower carbon dioxide emission through 2025 by roughly 3.5 million tonnes.
Eni (E) projects natural gas reserves in offshore Algeria to be more profitable and intends to allocate capital toward its development.
The correlation coefficient between Baker Hughes, a GE Company’s (BHGE), stock price and crude oil prices from April 12, 2017, to April 12, 2018, was -0.06. This level indicates a negative relationship between Baker Hughes’s stock and crude oil prices. A negative correlation means the stock’s price moved inverse to the crude oil’s price movement.
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on April 6–13, 2018, was 0.48. Halliburton and crude oil prices had a strong correlation in the past week.
Successful completion of the first phase of Atlanta EPS project increases the chances of McDermott (MDR) getting awarded with the subsequent contracts from Queiroz Galvao.
Halliburton (HAL) stock’s correlation coefficient with the price of crude oil from March 29, 2018, to April 6, 2018, was 0.95. That shows that Halliburton and crude oil were strongly correlated in the past week.
The Zacks Analyst Blog Highlights: Westell Technologies, Flotek Industries, Arcos Dorados Holdings, Houston Wire & Cable and Limelight Networks
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks currently sport a Zacks Rank #2 (Buy) or better, and the selected companies are showing signs of outpacing the market in the upcoming calendar year.
The Zacks Analyst Blog Highlights: Mammoth Energy Services, Evolution Petroleum, Flotek Industries, GeoPark and China Petroleum & Chemical