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Hot Stocks
Flotek receives noncompliance notice from Nasdaq » 17:01
04/17/23
04/17
17:01
04/17/23
17:01
FTK

Flotek

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Flotek announced it has…

Flotek announced it has received written notice from the New York Stock Exchange that the average closing price of the Company's shares of common stock was below $1.00 per share over a period of 30 consecutive trading days, which is below the requirement for continued listing on the NYSE.

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FTK Flotek
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FTK Flotek
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Hot Stocks
Flotek falls over 6% in pre-market after Q4 report misses estimates  09:04
03/21/23
03/21
09:04
03/21/23
09:04
FTK

Flotek

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FTK Flotek
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FTK Flotek
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Earnings
Flotek reports Q4 EPS (25c), two estimates (7c) » 16:58
03/20/23
03/20
16:58
03/20/23
16:58
FTK

Flotek

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Reports Q4 revenue…

Reports Q4 revenue $48.2M, one estimate $51.3M. Reports Q4 adjusted EBITDA negative $5.1M, an improvement of $3.3M compared to negative $8.4M in the third quarter of 2022, and an increase of $0.6M compared to negative $5.7M in the fourth quarter of 2021. Full year 2022 Adjusted EBITDA of negative $26.2M decreased $1.1M compared to negative $25.1M reported for the full year 2021.Harsha V. Agadi, Interim Chief Executive Officer of Flotek stated, "In the fourth quarter, we achieved another quarter of increased volumes, strong revenue growth, and improving operational performance while managing our liquidity to facilitate continued growth. For the sixth consecutive quarter, we posted improvement in Adjusted EBITDA as a percentage of revenue, and Adjusted EBITDA in absolute terms improved from a loss of $8.4 million in the third quarter to a loss of $5.1 million in the fourth quarter. This provides further evidence that the strategy is working and we are progressing toward our goal of positive Adjusted EBITDA. The market for our products remains robust, our execution continues to be outstanding, and achieving positive Adjusted EBITDA remains our primary focus."

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FTK Flotek
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Over a quarter ago
Hot Stocks
Flotek chairman, CEO Gibson leaves to pursue other opportunities » 16:55
01/19/23
01/19
16:55
01/19/23
16:55
FTK

Flotek

$1.37 /

-0.01 (-0.72%)

Flotek Industries…

Flotek Industries announced that Director Harsha V. Agadi will become interim Chief Executive Officer of Flotek, effective immediately. He succeeds John W. Gibson, Jr., who has transitioned out of the role of Chairman, President, and Chief Executive Officer to pursue other professional opportunities. In addition, Chief Operating Officer Ryan Ezell has been promoted to President and Independent Lead Director David Nierenberg has been appointed Chairman of the Board. The Board of Directors has commenced a search for the company's next Chief Executive Officer. Agadi said, "Since I joined the Flotek Board in 2020, I have witnessed the Company's growth that has brought us to this pivotal moment. I am excited to take on this role as we work to identify our next leader and look forward to working alongside David, Ryan, and our deeply talented Flotek colleagues to ensure a seamless transition to our next CEO. Flotek's potential is unlimited in this sector, and we are well-positioned to gain market share over the coming years."

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FTK Flotek
$1.37 /

-0.01 (-0.72%)

FTK Flotek
$1.37 /

-0.01 (-0.72%)

FTK Flotek
$1.37 /

-0.01 (-0.72%)

Hot Stocks
Flotek appoints Bond Clement CFO » 16:58
12/19/22
12/19
16:58
12/19/22
16:58
FTK

Flotek

$1.08 /

-0.12 (-10.00%)

Flotek Industries…

Flotek Industries announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer.

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FTK Flotek
$1.08 /

-0.12 (-10.00%)

FTK Flotek
$1.08 /

-0.12 (-10.00%)

FTK Flotek
$1.08 /

-0.12 (-10.00%)

Syndicate
Flotek files to sell 76.3M shares of common stock for holders  06:09
10/18/22
10/18
06:09
10/18/22
06:09
FTK

Flotek

$1.17 /

+0.13 (+12.50%)

 
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FTK Flotek
$1.17 /

+0.13 (+12.50%)

FTK Flotek
$1.17 /

+0.13 (+12.50%)

FTK Flotek
$1.17 /

+0.13 (+12.50%)

Hot Stocks
Flotek enters agreement to provide 20 JP3 Verax analyzer units to ProFrac » 05:18
08/10/22
08/10
05:18
08/10/22
05:18
FTK

Flotek

$1.24 /

+0.02 (+1.64%)

Flotek announced an…

Flotek announced an agreement in principle to provide 20 of the company's JP3 Verax analyzer units to ProFrac Holdings for a period of five years.

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FTK Flotek
$1.24 /

+0.02 (+1.64%)

FTK Flotek
$1.24 /

+0.02 (+1.64%)

FTK Flotek
$1.24 /

+0.02 (+1.64%)

FTK Flotek
$1.24 /

+0.02 (+1.64%)

On The Fly
Fly Intel: Pre-market Movers » 08:55
07/20/22
07/20
08:55
07/20/22
08:55
LVS

Las Vegas Sands

$35.53 /

+0.88 (+2.54%)

, WYNN

Wynn Resorts

$59.59 /

+3.03 (+5.36%)

, NFLX

Netflix

$201.70 /

+10.72 (+5.61%)

, ABT

Abbott

$109.52 /

+2.49 (+2.33%)

, BBWI

Bath & Body Works

$30.11 /

+1.52 (+5.32%)

, ASML

ASML

$498.60 /

+25.11 (+5.30%)

, FOR

Forestar Group

$15.78 /

+0.615 (+4.06%)

, VBLT

VBL Therapeutics

$2.05 /

+ (+0.00%)

, BKR

Baker Hughes

$28.20 /

+1.035 (+3.81%)

, FTK

Flotek

$1.02 /

+0.025 (+2.53%)

, NDAQ

Nasdaq

$159.32 /

+4.36 (+2.81%)

Check out this morning's…

ShowHide Related Items >><<
WYNN Wynn Resorts
$59.59 /

+3.03 (+5.36%)

VBLT VBL Therapeutics
$2.05 /

+ (+0.00%)

NFLX Netflix
$201.70 /

+10.72 (+5.61%)

NDAQ Nasdaq
$159.32 /

+4.36 (+2.81%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

FTK Flotek
$1.02 /

+0.025 (+2.53%)

FOR Forestar Group
$15.78 /

+0.615 (+4.06%)

BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

BBWI Bath & Body Works
$30.11 /

+1.52 (+5.32%)

ASML ASML
$498.60 /

+25.11 (+5.30%)

ABT Abbott
$109.52 /

+2.49 (+2.33%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

07/19/22 Deutsche Bank
Las Vegas Sands price target lowered to $50 from $53 at Deutsche Bank
07/06/22 JPMorgan
JPMorgan likes Las Vegas Sands risk/reward, sees 20% share upside
07/05/22 Citi
Las Vegas Sands price target lowered to $56 from $57 at Citi
06/29/22 Barclays
Barclays initiates gaming sector, says Caesars best positioned
WYNN Wynn Resorts
$59.59 /

+3.03 (+5.36%)

07/05/22 Citi
Wynn Resorts price target lowered to $87.50 from $92 at Citi
06/28/22 Barclays
Wynn Resorts initiated with an Equal Weight at Barclays
05/11/22 Deutsche Bank
Wynn Resorts price target lowered to $92 from $123 at Deutsche Bank
NFLX Netflix
$201.70 /

+10.72 (+5.61%)

07/20/22 Oppenheimer
Netflix subscriber beat unlikely to alleviate concerns, says Oppenheimer
07/20/22 Evercore ISI
Evercore says market will need to see progress from Netflix for premium multiple
07/20/22 Morgan Stanley
Netflix price target raised to $230 from $220 at Morgan Stanley
07/20/22 Wedbush
Wedbush remains bullish on Netflix following quarterly results
ABT Abbott
$109.52 /

+2.49 (+2.33%)

07/18/22 BTIG
Abbott price target lowered to $126 from $130 at BTIG
07/18/22 Stifel
Abbott price target lowered to $126 from $136 at Stifel
07/13/22 TD Cowen
Abbott price target lowered to $130 from $150 at Cowen
07/06/22 Wolfe Research
Wolfe starts Abbott at Underperform, says stock price 'doesn't make sense'
BBWI Bath & Body Works
$30.11 /

+1.52 (+5.32%)

07/15/22 UBS
Bath & Body Works price target lowered to $42 from $70 at UBS
07/13/22 Evercore ISI
Evercore downgrades Bath & Body Works on reversion in consumer spending
07/13/22 Evercore ISI
Bath & Body Works downgraded to In Line from Outperform at Evercore ISI
07/12/22 Raymond James
Bath & Body Works initiated with a Strong Buy at Raymond James
ASML ASML
$498.60 /

+25.11 (+5.30%)

07/15/22 Wells Fargo
ASML price target lowered to $600 from $750 at Wells Fargo
06/30/22 Piper Sandler
Piper says memory contract pricing declines negative for Micron, semi equipment
06/29/22 Argus
ASML initiated with a Buy at Argus
05/26/22 Piper Sandler
ASML price target lowered to EUR 630 from EUR 767 at Piper Sandler
FOR Forestar Group
$15.78 /

+0.615 (+4.06%)

07/20/22 BTIG
Forestar Group cut to Neutral at BTIG after 'weak' Q2, uncertainty on FY23
07/20/22 BTIG
Forestar Group downgraded to Neutral from Buy at BTIG
04/28/22 Citi
Forestar Group price target lowered to $25 from $30 at Citi
VBLT VBL Therapeutics
$2.05 /

+ (+0.00%)

07/20/22 H.C. Wainwright
VBL Therapeutics downgraded to Neutral from Buy at H.C. Wainwright
07/20/22 Oppenheimer
VBL Therapeutics downgraded to Perform from Outperform at Oppenheimer
07/18/22 Oppenheimer
VBL Therapeutics assumed with an Outperform at Oppenheimer
04/28/22 Chardan
VBL Therapeutics initiated with a Buy at Chardan
BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

07/13/22 Morgan Stanley
Baker Hughes price target lowered to $35 from $40 at Morgan Stanley
07/13/22 Barclays
Baker Hughes price target lowered to $46 from $47 at Barclays
06/08/22 Barclays
Baker Hughes price target raised to $47 from $40 at Barclays
04/27/22 Barclays
Baker Hughes price target raised to $40 from $31 at Barclays
FTK Flotek
$1.02 /

+0.025 (+2.53%)

NDAQ Nasdaq
$159.32 /

+4.36 (+2.81%)

07/13/22 Deutsche Bank
Nasdaq price target lowered to $175 from $184 at Deutsche Bank
06/27/22 Jefferies
Nasdaq price target lowered to $174 from $182 at Jefferies
05/19/22 Deutsche Bank
Nasdaq price target lowered to $184 from $207 at Deutsche Bank
04/21/22 Deutsche Bank
Nasdaq price target lowered to $207 from $210 at Deutsche Bank
WYNN Wynn Resorts
$59.59 /

+3.03 (+5.36%)

VBLT VBL Therapeutics
$2.05 /

+ (+0.00%)

NFLX Netflix
$201.70 /

+10.72 (+5.61%)

NDAQ Nasdaq
$159.32 /

+4.36 (+2.81%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

FTK Flotek
$1.02 /

+0.025 (+2.53%)

FOR Forestar Group
$15.78 /

+0.615 (+4.06%)

BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

BBWI Bath & Body Works
$30.11 /

+1.52 (+5.32%)

ASML ASML
$498.60 /

+25.11 (+5.30%)

ABT Abbott
$109.52 /

+2.49 (+2.33%)

WYNN Wynn Resorts
$59.59 /

+3.03 (+5.36%)

NFLX Netflix
$201.70 /

+10.72 (+5.61%)

NDAQ Nasdaq
$159.32 /

+4.36 (+2.81%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

ASML ASML
$498.60 /

+25.11 (+5.30%)

ABT Abbott
$109.52 /

+2.49 (+2.33%)

NFLX Netflix
$201.70 /

+10.72 (+5.61%)

NDAQ Nasdaq
$159.32 /

+4.36 (+2.81%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

FOR Forestar Group
$15.78 /

+0.615 (+4.06%)

BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

BBWI Bath & Body Works
$30.11 /

+1.52 (+5.32%)

ASML ASML
$498.60 /

+25.11 (+5.30%)

ABT Abbott
$109.52 /

+2.49 (+2.33%)

WYNN Wynn Resorts
$59.59 /

+3.03 (+5.36%)

VBLT VBL Therapeutics
$2.05 /

+ (+0.00%)

NFLX Netflix
$201.70 /

+10.72 (+5.61%)

LVS Las Vegas Sands
$35.53 /

+0.88 (+2.54%)

FTK Flotek
$1.02 /

+0.025 (+2.53%)

BKR Baker Hughes
$28.20 /

+1.035 (+3.81%)

BBWI Bath & Body Works
$30.11 /

+1.52 (+5.32%)

ASML ASML
$498.60 /

+25.11 (+5.30%)

ABT Abbott
$109.52 /

+2.49 (+2.33%)

Earnings
Flotek expects Q2 revenue in excess of $28M, one est. $22.8M » 07:33
07/20/22
07/20
07:33
07/20/22
07:33
FTK

Flotek

$1.02 /

+0.025 (+2.53%)

Flotek Industries…

Flotek Industries announced that it expects second quarter 2022 revenue to be in excess of $28M compared to first quarter 2022 revenue of $12.9M and second quarter 2021 revenue of $9.2M. "The revenue growth we expect to achieve in the second quarter is strong evidence that we are successfully ramping up the transformational ProFrac contract, and I am very proud of our team. During the second quarter, we serviced an average of 8 ProFrac hydraulic fracturing fleets with no service quality issues, and expect to service an average of 16 or greater fleets in the third quarter. Since the April 1, 2022 effective date of the contract, we have delivered over 31 million pounds of chemistry to ProFrac. Combined with the 9 million pounds of chemistry delivered to our transactional customers, total delivered volume in the second quarter was approximately double what we delivered for the entire year in 2021. We are delighted with how far we have come over a short period of time, and are very excited about the future. While we still have additional work to do in order to achieve the full scope of the contract, we are up to the task," said CEO John W. Gibson, Jr. While delivered volume and revenue are expected to show strong growth over the first quarter 2022, the ramp up required the company to incur some one-time expenses, including costs related to the mobilization of additional field deployment tanks, which increased from 20 to 101. In addition, freight and logistics costs are expected to be significantly above expectations, consistent with inflation being experienced by peers. However, these issues are not expected to interrupt consistent improvement in Adjusted EBITDA margin through the second half of 2022, and the company still expects to generate positive Adjusted EBITDA excluding convertible notes amortization before the end of the fourth quarter 2022.

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FTK Flotek
$1.02 /

+0.025 (+2.53%)

FTK Flotek
$1.02 /

+0.025 (+2.53%)

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