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Flotek ( (FTK) ) just unveiled an announcement.
On July 9, 2025, Flotek Industries, Inc. held a special meeting where stockholders approved the issuance of common stock underlying the April 2025 Warrant held by ProFrac GDM, LLC, and the potential adjournment of the meeting to solicit additional proxies. The approval was part of a broader strategy following Flotek’s acquisition of gas distribution assets and the company plans to register the resale of these shares with the SEC. This move is expected to replace the company’s expired shelf registration statement and aligns with its ongoing compliance and strategic financial management.
The most recent analyst rating on (FTK) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.
Spark’s Take on FTK Stock
According to Spark, TipRanks’ AI Analyst, FTK is a Outperform.
Flotek Industries exhibits significant strengths, including strong financial performance and positive earnings call sentiment. Technical indicators support a bullish trend, although the valuation suggests it may be on the higher side. Strategic corporate events further enhance its growth outlook.
To see Spark’s full report on FTK stock, click here.
More about Flotek
Flotek Industries, Inc. operates in the energy sector, focusing on providing chemistry and services to the oil and gas industry. The company is involved in the production and distribution of specialty chemicals and equipment for oilfield service companies.
Average Trading Volume: 531,491
Technical Sentiment Signal: Buy
Current Market Cap: $441.5M
Learn more about FTK stock on TipRanks’ Stock Analysis page.