
Flotek Industries (FTK) Stock Forecast & Price Target
Flotek Industries (FTK) Analyst Ratings
Bulls say
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.
Bears say
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.
This aggregate rating is based on analysts' research of Flotek Industries and is not a guaranteed prediction by Public.com or investment advice.
Flotek Industries (FTK) Analyst Forecast & Price Prediction
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