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Flotek Industries shows potential for a turnaround, despite currently fragile financials. The company's largest segment has seen sharp relative growth of 285% in Q1 2023, largely due to a contract with ProFrac. The company's dependence on ProFrac presents both a risk and a potential merger opportunity. A recession could further suppress oil and gas prices, making for a tougher business climate for Flotek Industries. For daring energy sector investors, the company's stock is a perfect instrument. Also, based on its history, the firm could flourish during another energy cycle.
HOUSTON , July 10, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its second quarter results for the period ended June 30, 2023. The Company plans to release its second quarter 2023 financial and operating results press release after market close on Tuesday, August 8, 2023.
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The stock price of Flotek Industries Inc (NYSE: FTK) fell by 8.16% after hours in the most recent trading session. This is why.
HOUSTON, Jan. 5, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference on Wednesday, January 11, 2023, from 10:15 – 10:45 Eastern Time. CEO John W.