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Flotek Industries, Inc. (FTK) [hlAlert]

down 3.35 %

Flotek Industries, Inc. (FTK) rated Overweight by Johnson Rice

Posted on: Monday,  Jan 13, 2014  9:25 AM ET by Johnson Rice

Johnson Rice rated Overweight Flotek Industries, Inc. (NYSE: FTK) on 01/13/2014, when the stock price was $18.78. Since
then, Flotek Industries, Inc. has lost 3.35% as of 01/20/2016's recent price of $18.15.
If you would have followed this Johnson Rice's recommendation on FTK, you would have lost 3.35% of your investment in 737 days.

Flotek Industries, Inc. is supplying drilling and production related products and services to the energy and mining industries. The Company's core focus is oilfield specialty chemicals and logistics, downhole drilling tools and downhole production tools. Flotek offers its products primarily through its sales organizations, as well as through independent distributors and agents. The Company's reportable segments are Chemical and Logistics, Drilling Products and Artificial Lift. All three segments market products domestically and internationally. The Company acquired the assets of Teledrift Inc., which designs and manufactures wireless survey and measurement while drilling (MWD), tools, on February 14, 2008.

Johnson Rice & Company L.L.C. was founded in 1987 as an institutional research and sales firm. Our investment banking department was added in 1991 and has been involved in over $14 billion in capital transactions. Located in New Orleans, LA, Johnson Rice focuses on a limited number of industries in order to provide superior, value-added services to our institutional and corporate clients. The firm is nationally recognized for its expansive coverage of the energy industry, and also has a strong consumer focus with coverage of specialty retailer companies. Johnson Rice has 8 senior analysts and 4 associate analysts covering the following industries: Energy * Exploration and Production * Oilfield Services * Integrateds/Refiners * Coal * MLPs Consumer * Specialty Retailers
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/13/2014 9:25 AM Buy
as of 10/17/2014
1 Week up  0.76 %
1 Month down  -20.64 %
3 Months down  -31.24 %
1 YTD up  12.14 %

(*) Stock Price at the time of the recommendation.
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