uploads///Broker Recco

Are Analysts Changing Their Recommendations on Flotek Industries?

By

Dec. 28 2016, Updated 7:35 a.m. ET

Wall Street’s recommendations on Flotek Industries

Article continues below advertisement

Consensus rating for Flotek Industries

In December so far, 100% of the analysts tracking Flotek Industries have rated it a “buy” or some equivalent. In comparison, approximately 83% of analysts tracking Schlumberger (SLB) rated it a “buy.”

Analysts’ ratings change for FTK

Between September and December, the percentage of analysts recommending a “buy” or some equivalent for FTK has risen from 75% to 100%. A year ago, ~67% of the sell side analysts recommended a “buy” for FTK. Flotek Industries makes 0.06% of the iShares Russell 2000 Growth ETF (IWO).

Analysts’ target prices for FTK and peers

Wall Street analysts’ median target price for FTK on December 20 was $17. FTK is currently trading at ~$9, implying a ~90% upside at its current median price. A year ago, analysts’ average target price for FTK was $12.63.

The median target price, surveyed among sell-side analysts, for Fairmount Santrol (FMSA) is $10.57. FMSA is currently trading at ~$10.40, implying a ~2% upside at its median price. The median target price among sell-side analysts for Patterson-UTI Energy (PTEN) is ~$25. PTEN is currently trading at ~$27, implying a ~7% downside at its median price. For more about the OFS (oilfield service) industry, read Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.