|Bid||0.00 x 3200|
|Ask||0.00 x 42300|
|Day's range||2.44 - 2.63|
|52-week range||1.94 - 6.77|
|PE ratio (TTM)||N/A|
|Earnings date||6 Nov. 2018 - 12 Nov. 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4.00|
The big shareholder groups in Flotek Industries Inc (NYSE:FTK) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning aRead More...
NEW YORK, Aug. 28, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Blue ...
Investors need to pay close attention to Flotek Industries (FTK) stock based on the movements in the options market lately.
Flotek Industries (FTK) delivered earnings and revenue surprises of -385.71% and -6.95%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Houston-based company said it had a loss of $1.30. Losses, adjusted for non-recurring costs and pretax expenses, came to 34 cents per share. The oilfield services company posted ...
Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22. So, Halliburton and crude oil prices had a moderately positive correlation in the past week, which could mean that the stock was impacted less by crude oil’s movement on a daily basis.
How Did the Market View Schlumberger Last Week? In the week ending July 27, Schlumberger’s (SLB) correlation with crude oil was 0.48. The relatively strong correlation implies that the stock closely tracked crude oil’s movements.
TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion in the second quarter—down 23% from ~$3.85 billion recorded in the second quarter of 2017. TechnipFMC’s second-quarter revenues decreased due to declining inbound orders in the Subsea segments. The negative impact was partially offset by increased demand for hydraulic fracturing, wellhead, and pressure control equipment and services.
Schlumberger’s (SLB) correlation with crude oil’s price from July 13 to July 20 was 0.38. SLB announced its second-quarter earnings on July 20, and its correlation with crude oil was moderately strong during the week. Since April 20, the date that SLB released its first-quarter results, its correlation with crude oil has been marginally lower.
The correlation between Weatherford International’s (WFT) stock price and crude oil’s price from April 17 to July 16 was 0.03. This represents a weak positive relationship between WFT’s stock and crude oil prices.
On July 17, Weatherford International’s (WFT) implied volatility (or IV) was ~65.2%. Weatherford International’s first-quarter earnings were announced on April 24. Since then, its implied volatility has increased from ~63.0% to its current level. Since April 24, WFT’s stock price has increased 23.0%. Implied volatility points to a stock’s potential movement, as viewed by investors.
In the second quarter, Wall Street analysts expect an adjusted loss of $0.18 per share for Weatherford International (WFT). This indicates that analysts expect WFT to reduce its adjusted loss compared to its first-quarter adjusted loss of $0.19 per share.
The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52. The correlation shows that there’s a strong positive relationship between National Oilwell Varco stock and crude oil prices.
TechnipFMC’s (FTI) stock price correlation with crude oil from April 10, 2017, to July 10, 2018, was 0.11, which indicates a relatively weak positive relationship between TechnipFMC’s stock and crude oil prices. A low correlation indicates the stock’s price loosely tracked crude oil prices. FTI’s correlation with crude oil prices was lower in the trailing three months to July 10, 2018, compared to the past year. The WTI crude oil price increased 11% in the past three months until July 10.
NEW YORK, June 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of American ...
Flotek Industries Inc (NYSE:FTK), a chemicals company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasingRead More...
Oceaneering International’s (OII) correlation with crude oil’s price from March 21 to June 21 was 0.65, representing a positive relationship between OII and crude oil. The VanEck Vectors Oil Services ETF’s (OIH) correlation coefficient with crude oil since March 21 is 0.71.
Short interest in Halliburton (HAL) as a percentage of float was 1.6% as of June 7. That compares to ~3% on June 7, 2017. Short interest in HAL stock has decreased 45% in the year, and its stock has risen ~9%. So investors’ negative bets on Halliburton have declined in the past year.
The correlation coefficient between Schlumberger’s (SLB) stock price and the West Texas Intermediate (or WTI) crude oil price from May 25, 2017, to May 25, 2018, was 0.52. This indicates a close positive relationship between crude oil prices and Schlumberger stock. SLB’s correlation with the VanEck Vectors Oil Services ETF (OIH) from May 25, 2017, to May 25, 2018, was 0.85.
From May 25, 2016, to May 24, 2018, Schlumberger’s (SLB) stock price declined nearly 9.0%. In the past two years, SLB’s smaller market cap peer Baker Hughes, a GE Company’s (BHGE) stock price has increased 12.0%, while Flotek Industries’ (FTK) stock price declined 75.0%. From May 25, 2016, to May 24, 2018, the VanEck Vectors Oil Services ETF (OIH) has remained nearly unchanged.
Flotek Industries (FTK) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
In this part, we’ll discuss Wall Street analysts’ targets for the OFS stocks that have provided the weakest returns YTD. Sell-side analysts expect returns from four of the five OFS companies to be positive in the next 12 months. Only two sell-side analysts track Flotek Industries (FTK), as surveyed by Reuters. Both of the analysts recommended a “buy” or some equivalent as of May 15.
In this part, we’ll analyze the correlation between Weatherford International (WFT), Patterson-UTI Energy (PTEN), RPC (RES), Dril-Quip (DRQ), and Flotek Industries’ (FTK) stock prices with WTI crude oil prices.
The short interest in Paterson-UTI Energy (PTEN) as a percentage of its float was 5.3% as of May 15—compared to 5.5% as of January 1. Since January 1, the short interest in Patterson-UTI Energy has decreased 5%. So, investors’ negative bets on Patterson-UTI Energy have decreased YTD. Since January 1, Patterson-UTI Energy’s stock price has decreased ~0.1%.