Last $16.10 USD
Change Today 0.00 / 0.00%
Volume 0.0
FTK On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

flotek industries inc (FTK) Snapshot

Open
$15.53
Previous Close
$16.10
Day High
$16.24
Day Low
$14.91
52 Week High
06/24/14 - $32.92
52 Week Low
01/28/15 - $14.41
Market Cap
859.2M
Average Volume 10 Days
999.0K
EPS TTM
$0.97
Shares Outstanding
53.4M
EX-Date
--
P/E TM
16.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLOTEK INDUSTRIES INC (FTK)

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flotek industries inc (FTK) Details

Flotek Industries Inc. provides oilfield services and equipment to the energy and mining industries in the U.S. and internationally. It has three segments: Chemicals & Logistics, Drilling Products, and Artificial Lift. The first develops, manufactures, and markets specialty chemicals used by oilfield service companies in oil and gas well cementing, stimulation, drilling, and production. The segment also designs and manages automated bulk material handling, loading facilities, and blending capabilities for oilfield service companies. The Drilling segment rents, inspects, manufactures, and markets down-hole drilling equipment for the oilfield, mining, water-well, and industrial drilling sectors. The Artificial Lift segment manufactures and markets artificial lift equipment, which includes the Petrovalve line of beam pump components, electric submersible pumps, gas separators, valves, and services to support coal bed methane, traditional gas, and heavy crude production. Flotek is headquartered in Houston and was founded in 1985.

561 Employees
Last Reported Date: 01/27/15

flotek industries inc (FTK) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $498.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $398.4K
Executive Vice President of Operations
Total Annual Compensation: $587.3K
Executive Vice President of Chemistry Researc...
Total Annual Compensation: $552.2K
Compensation as of Fiscal Year 2013.

flotek industries inc (FTK) Key Developments

Flotek Industries Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Flotek Industries Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the three months ended December 31, 2014, the company posted revenue of $124.5 million, an increase of $23.7 million, or 23.5%, compared to $100.8 million in the same period of 2013. Revenue increased $7.7 million, or 6.6%, compared to third quarter, 2014. Income from operations for the three months ended December 31, 2014 was $23.6 million, an increase of $6.0 million, or 34.2%, compared to $17.6 million in the same period of 2013. Income from operations increased $2.7 million, or 13.1%, compared to third quarter, 2014. The company recorded income tax expense of $6.9 million, compared to $6.2 million in the fourth quarter of 2013. On a GAAP basis, the company posted earnings per share (fully diluted) for the three months ended December 31, 2014 of $0.29, an increase of $0.09, or 45.0%, compared to earnings per share (fully diluted) of $0.20 for the three months ended December 31, 2013. Earnings per share (fully diluted) increased $0.03, or 11.5%, compared to third quarter, 2014. Earnings before interest, taxes, depreciation and amortization, or EBITDA, for the three months ended December 31, 2014 was $28.1 million, an increase of $6.1 million, or 28.0%, compared to $21.9 million for the three months ended December 31, 2013. EBITDA increased $2.8 million, or 11.2%, compared to third quarter, 2014. The company reported revenue for the year ended December 31, 2014 of $449.2 million, an increase of $78.1 million, or 21.0%, compared to the year ended December 31, 2013. The acceleration in revenue was primarily due to increased sales of the company’s Complex nano-Fluid suite of completion chemistries as well as strength in downhole technology sales, especially the introduction of the Stemulator which assists clients with increasing the rate of penetration during horizontal drilling. Income from operations for the year ended december 31, 2014 was $80.9 million, an increase of 37.7%, compared to $58.7 million in the same period of 2013. The company reported net income of $53.6 million or $0.97 per share (fully diluted) an increase of $0.30, or 44.8%, compared to net income of $36.2 million or $0.67 per share (fully diluted) for the year ended December 31, 2013. Earnings before interest, taxes, depreciation and amortization, or EBITDA (a non-GAAP measure of financial performance), for the year ended December 31, 2014 was $98.3 million, an increase of $24.2 million, or 32.6%, compared to $74.2 million for the year ended December 31, 2013.

Flotek Industries Inc. Industries Introduces FracMax Canada

Flotek Industries Inc. introduced FracMax Canada, its patent-pending, advanced analytics software now for the Canadian oil and gas markets. With nearly 7,700 wells, including over 800 that have utilized company's patented, proprietary Complex nano-Fluid completion chemistries, the initial release of FracMax Canada provides a broad representation of Canadian production across nearly all Western Canadian producing basins. Similar to the United States, the FracMax architecture will remain proprietary to the company with well studies run for clients through the company's FracMax analytics subsidiary. The closed architecture provides for consistency and integrity of the data and processes of the software application.

Flotek Industries Inc. Appoints Stephen A. Marinello, PhD Director of Applied CnF Technology

Flotek Industries Inc. announced the appointment of Stephen A. Marinello, PhD to the position of Director of CnF Applied Technology. In his role Dr. Marinello brings over two decades of reservoir engineering and completion experience to lead Flotek’s research team in expanding the application of its research to develop pragmatic solutions to specific oilfield challenges. In addition, Dr. Marinello will assist in the development of new CnF markets and new applications of CnF around the globe. He will also be an integral part of the team that develops research protocol and standards for the growth of FracMax Analytics, Flotek’s subsidiary that will provide customized research based on the FracMax platform. Most recently, Dr. Marinello spent nearly three years as the Senior Reservoir Engineer with Shell International Exploration and Production. Specifically, Dr. Marinello led a team responsible for analyzing field performance of mobility enhancement fluids and completion systems. During his time at Shell he worked closely with Complex nano-Fluids.

 

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Industry Analysis

FTK

Industry Average

Valuation FTK Industry Range
Price/Earnings 16.1x
Price/Sales 1.9x
Price/Book 2.7x
Price/Cash Flow 13.1x
TEV/Sales 1.7x
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