Movers and SHAKERS
Flotek Industries (FTK)
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high value compounds to companies that make food and beverages, cleaning products, cosmetics, and other. The company operates in the Energy Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries for use in oil and gas well drilling, cementing, completion, and stimulation activities. Geographically, the company operates in the US and other countries, of which a majority of the revenue is derived from the US.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating coverage of energy service company poised to take advantage of growing environmental focus by energy drillers. Flotek Industries is a green, technology-driven specialty chemistry and data company selling across industrial, commercial and consumer markets. Primary products include specialty chemicals for oil and gas producers, cleaning and sanitation products, and data analytics.
Sales should improve as drilling picks up. Oil and gas prices have risen in recent quarters leading energy companies to increase drilling activity. Increased drilling should result in increased demand for Flotek’s products. We look for revenues to show favorable growth trends in upcoming quarters ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.