Wall Street’s recommendations on Flotek Industries
In this article, we’ll look at changes in Wall Street analysts’ recommendations for Flotek Industries (FTK) between September and December.
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.