Lashell sells FTK 17.12: A number of other brokerages have also recently issued reports on FTK.

They presently have a $17.89 price target on the stock. Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. While the ECT segment is stabilizing, I expect drilling business to continue to deteriorate, as energy companies are still cutting capital expenditure and oil is slumping once again. However, the other segments' fortune is still very much tied to the performance of commodities. It is clear that CITC is the company's most prized possession and will continue to deliver returns in the long-run.


Yung:
Unfortunately, CITC is still a small part of the entire company, constituting 18% of the company's revenue.

Ardella:
Revenue increased by 23% and operating income skyrocketed by 176% to $2.7 million.

Abbey:
As mentioned earlier, CITC's business does not depend on the energy industry, so the segment was able to thrive despite the turbulent commodity market.

Britni:
The saving grace for the quarter was the CITC segment.

Guadalupe:
Thankfully, it is not a huge segment as it only accounted for 14% of the total revenue.

Shirely:
Revenue decline has actually accelerated (which corresponds to energy company's capex cut) instead of stabilizing like ECT.

Cecil:
Though a worrying trend is developing here.

Jadwiga:
However, this was merely an impairment expense (i.e. non-cash), so the segment did not actually lose money on a cash basis.

Clora:
Operating income for the segment also took a nosedive from $4.2 million last year to -$21 million.

Nicola:
The drilling segment was hit particularly hard, as revenue was down more than 50% quarter on quarter.

Flotek Industries (NYSE:FTK)
//stockhand.net/us/?q=nyse%3Aftk&id=173974