Flotek Industries’ YTD returns compared to the industry
Flotek Industries’ (FTK) YTD (year-to-date) returns are 31.5% as of March 13, 2018. In comparison, the Energy Select Sector SPDR ETF (XLE) has decreased 6% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) has witnessed -5.2% YTD returns. OIH tracks an index of 25 OFS (oilfield equipment and services) companies. The SPDR S&P 500 ETF (SPY), which represents the broader market, has produced 3.7% returns during the same period. So, Flotek Industries outperformed the OFS industry ETF as well as the broader energy industry ETFs.
Flotek Industries’ stock price was the highest YTD at $6.62 on March 7. Since then, the stock price has declined 7% as of March 13.
Flotek Industries’ revenues and earnings
In 2017, Flotek Industries’ revenues increased 20.6%—compared to 2016. The company was able to decrease its net losses during this period. In fiscal 2017, Flotek Industries’ reported net loss was $27.4 million—compared to a net loss of $49.1 million in fiscal 2016. The improved operating income in the Energy Chemistry Technologies segment contributed to the improvement in Flotek Industries’ earnings in fiscal 2017.
Flotek Industries was FCF (free cash flow) positive in 2017—compared to a negative FCF in 2016. During the same period, Flotek Industries’ net debt decreased 46%. An improved top and bottom line, better FCF, and a lower debt level contributed to Flotek Industries’ outperformance in 2018.
Next, we’ll compare ION Geophysical’s (IO) YTD returns with market indicators. We’ll also analyze ION Geophysical’s fundamental metrics.