Latest news with #Flotek
Yahoo
5 days ago
- Business
- Yahoo
Flotek added to Russell 3000 Index
Flotek (FTK) will be added as a member of the broad-market Russell 3000 Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. About $10.6T in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a London Stock Exchange (LNSTY) company. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FTK: Disclaimer & DisclosureReport an Issue Flotek rises 11.5% Flotek Holds Annual Shareholders' Meeting with Key Decisions Flotek Industries Reports Strong Q1 2025 Growth Flotek Industries Reports Record Growth Amid Cautious Optimism Flotek rises 33.5% Sign in to access your portfolio
Associated Press
6 days ago
- Business
- Associated Press
Flotek Industries Added to Russell 3000® Index
HOUSTON, June 3, 2025 /PRNewswire/ -- Flotek Industries, Inc. ('Flotek' or the 'Company') (NYSE: FTK) announced today that it will be added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. 'Joining the Russell 3000® Index marks another milestone in Flotek's ongoing success, building on three years of progress in creating a dynamic and innovative chemistry and data analytics company,' said Dr. Ryan Ezell, CEO of Flotek. 'This achievement further amplifies our shareholders' value by elevating our profile within the investment community. We're thrilled to continue sharing Flotek's vision with a broader investor audience through our addition to this prestigious index.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About Flotek Industries, Inc. Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company's top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people. Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol 'FTK.' For additional information, please visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the 'Risk Factors' section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release. View original content to download multimedia: SOURCE Flotek Industries, Inc.
Yahoo
23-05-2025
- Business
- Yahoo
Flotek Industries' (NYSE:FTK) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Flotek Industries (NYSE:FTK) and its trend of ROCE, we really liked what we saw. We've discovered 1 warning sign about Flotek Industries. View them for free. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Flotek Industries: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = US$16m ÷ (US$170m - US$44m) (Based on the trailing twelve months to March 2025). So, Flotek Industries has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Chemicals industry average of 8.6% it's much better. Check out our latest analysis for Flotek Industries In the above chart we have measured Flotek Industries' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Flotek Industries . We're delighted to see that Flotek Industries is reaping rewards from its investments and has now broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 12%, which is always encouraging. Interestingly, the capital employed by the business has remained relatively flat, so these higher returns are either from prior investments paying off or increased efficiencies. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. After all, a company can only become a long term multi-bagger if it continually reinvests in itself at high rates of return. For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. Essentially the business now has suppliers or short-term creditors funding about 26% of its operations, which isn't ideal. Keep an eye out for future increases because when the ratio of current liabilities to total assets gets particularly high, this can introduce some new risks for the business. As discussed above, Flotek Industries appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 156% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. Flotek Industries does have some risks though, and we've spotted 1 warning sign for Flotek Industries that you might be interested in. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Here is Why Flotek Industries, Inc. (FTK) Skyrocketed This Week
Flotek Industries, Inc. (NYSE:FTK) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, showcasing the company's hydrocarbon-producing market segment. Flotek Industries, Inc. (NYSE:FTK) is a leading chemistry and data technology company focused on servicing the energy industry. Flotek Industries, Inc. (NYSE:FTK) continues to gain after posting significant growth in revenue and profit in its Q1 2025 results reported last week, marking its strongest quarterly performance in the last five years. The company's net income surged by a massive 244% YoY to $5.38 million, while its revenue also increased by 37% YoY to $55.36 million – both beating market expectations. FTK also highlighted its acquisition of 30 real-time gas monitoring and dual fuel optimization assets last month, along with a $160 million multi-year contract, as strategic moves to further strengthen its market position. Moreover, there have also been reports of insider activity at Flotek, with director Matthew Wilks investing over $1.65 million to purchase the company's stock. After the recent rally, the stock of Flotek Industries, Inc. (NYSE:FTK) has now surged by around 315% over the last 52 weeks. While we acknowledge the potential of FTK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
15-05-2025
- Business
- Yahoo
Here is Why Flotek Industries, Inc. (FTK) Skyrocketed This Week
Flotek Industries, Inc. (NYSE:FTK) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, showcasing the company's hydrocarbon-producing market segment. Flotek Industries, Inc. (NYSE:FTK) is a leading chemistry and data technology company focused on servicing the energy industry. Flotek Industries, Inc. (NYSE:FTK) continues to gain after posting significant growth in revenue and profit in its Q1 2025 results reported last week, marking its strongest quarterly performance in the last five years. The company's net income surged by a massive 244% YoY to $5.38 million, while its revenue also increased by 37% YoY to $55.36 million – both beating market expectations. FTK also highlighted its acquisition of 30 real-time gas monitoring and dual fuel optimization assets last month, along with a $160 million multi-year contract, as strategic moves to further strengthen its market position. Moreover, there have also been reports of insider activity at Flotek, with director Matthew Wilks investing over $1.65 million to purchase the company's stock. After the recent rally, the stock of Flotek Industries, Inc. (NYSE:FTK) has now surged by around 315% over the last 52 weeks. While we acknowledge the potential of FTK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
