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

Rating:
Sector Perform
FTK
down 82.89 %

Flotek Industries, Inc. (FTK) downgraded to Sector Perform with price target $5 by RBC Capital Mkts

Posted on: Monday,  Dec 15, 2008  10:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Flotek Industries, Inc. (NYSE: FTK) on 12/15/2008. Previously RBC Capital Mkts rated Outperform Flotek Industries, Inc. (NYSE:
FTK) on 05/09/2008., when the stock price was $18.36. Since then, Flotek Industries, Inc. has lost 82.90% as of 12/15/2008's recent price of $3.14.
If you would have followed the previous RBC Capital Mkts's recommendation on FTK, you would have lost 82.89% of your investment in 220 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/15/2008 10:25 AM Hold
None
3.14 5.00
as of 12/24/2008
1 Week down  -21.16 %
1 Month up  54.58 %
3 Months down  -30.57 %
1 YTD down  -116.61 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/9/2008 9:25 AM Buy
None
18.36 25.00
11/2/2007 9:25 AM Buy
None
38.30 52.00

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