Wall Street’s recommendations on Flotek Industries
Consensus rating for Flotek Industries
In February so far, all of the analysts tracking Flotek Industries rated it a “buy” or some equivalent, according to data compiled by Reuters. None of the analysts rated FTK a “hold” or “sell.” By comparison, approximately 78% of analysts tracking Schlumberger (SLB) rated it a “buy” or some equivalent in February.
Analysts’ rating changes for FTK
From November 2016 to February 2017, the percentage of analysts recommending a “buy” or some equivalent for FTK has risen from 75% to 100%. Analysts’ “sell” recommendations have declined for FTK in the past four months. A year ago, ~80% of sell-side analysts recommended a “buy” for FTK. Flotek Industries is 0.07% of the iShares Russell 2000 Growth ETF (IWO).
Analysts’ target prices for FTK and its peers
Wall Street analysts’ median target price for FTK on February 24 was $18.3. FTK is currently trading at ~$13, implying ~41% upside at its current median price. A month ago, analysts’ average target price for FTK was $16.
The mean target price surveyed among sell-side analysts for Precision Drilling Corporation (PDS) is $9.1. PDS is currently trading at ~$4.9, implying ~84% upside at its mean price. The mean target price surveyed among sell-side analysts for CARBO Ceramics (CRR) is ~$13.4. CRR is currently trading at the same price, implying nearly zero potential returns at its average price.
Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.