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Enter Symbol:
 
Flotek Industries, Inc. (FTK) [hlAlert]

Rating:
Neutral FTK
up 28.66 %

Flotek Industries, Inc. (FTK) downgraded to Neutral by SMH Capital

Posted on: Friday,  Jun 20, 2008  12:25 PM ET by SMH Capital

SMH Capital rated Neutral Flotek Industries, Inc. (NYSE: FTK) on 06/20/2008. Previously SMH Capital rated Buy Flotek Industries, Inc. (NYSE: FTK) on
05/29/2008., when the stock price was $16.85. Since then, Flotek Industries, Inc. has gained 28.66% as of 06/20/2008's recent price of $21.68.
If you would have followed the previous SMH Capital's recommendation on FTK, you would have gained 28.66% of your investment in 22 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.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/20/2008 12:25 PM Hold
None
21.68
as of 12/24/2008
1 Week down  -21.16 %
1 Month up  27.81 %
3 Months down  -30.76 %
1 YTD down  -61.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2008 12:25 PM Buy
None
16.85 24.00
5/9/2008 10:25 AM Buy
None
17.61 26.00
3/14/2008 9:25 AM Buy
None
22.32 29.00

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