Flotek Industries, Inc. (FTK) Reaches $3.74 52-Week Low; Maxwell Technologies Has 1.05 Sentiment

April 29, 2018 - By Henry Gaston

Flotek Industries, Inc. (NYSE:FTK) Logo

Maxwell Technologies Inc (MXWL) investors sentiment decreased to 1.05 in Q4 2017. It’s down -0.87, from 1.92 in 2017Q3. The ratio is negative, as 39 investment professionals increased or opened new positions, while 37 decreased and sold equity positions in Maxwell Technologies Inc. The investment professionals in our database now have: 18.15 million shares, up from 17.18 million shares in 2017Q3. Also, the number of investment professionals holding Maxwell Technologies Inc in top ten positions increased from 0 to 1 for an increase of 1. Sold All: 10 Reduced: 27 Increased: 23 New Position: 16.

The stock of Flotek Industries, Inc. (NYSE:FTK) hit a new 52-week low and has $3.52 target or 6.00% below today’s $3.74 share price. The 8 months bearish chart indicates high risk for the $213.19 million company. The 1-year low was reported on Apr, 29 by Barchart.com. If the $3.52 price target is reached, the company will be worth $12.79M less. The stock decreased 2.86% or $0.11 during the last trading session, reaching $3.74. About 1.87 million shares traded or 66.97% up from the average. Flotek Industries, Inc. (NYSE:FTK) has declined 46.23% since April 29, 2017 and is downtrending. It has underperformed by 57.78% the S&P500.

The stock decreased 2.26% or $0.12 during the last trading session, reaching $5.18. About 86,135 shares traded. Maxwell Technologies, Inc. (MXWL) has risen 6.39% since April 29, 2017 and is uptrending. It has underperformed by 5.16% the S&P500.

Analysts await Maxwell Technologies, Inc. (NASDAQ:MXWL) to report earnings on May, 8. They expect $-0.20 earnings per share, up 25.93% or $0.07 from last year’s $-0.27 per share. After $-0.21 actual earnings per share reported by Maxwell Technologies, Inc. for the previous quarter, Wall Street now forecasts -4.76% EPS growth.

Maxwell Technologies, Inc. develops, makes, and markets energy storage and power delivery products worldwide. The company has market cap of $196.67 million. The firm offers ultra-capacitor cells, and multi-cell packs and modules, which provide energy storage and power delivery solutions for applications in various industries, including bus, rail, and truck in transportation; grid energy storage; and renewable wind energy solutions. It currently has negative earnings. It also provides lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets where energy density and weight are differentiating factors.

Mak Capital One Llc holds 9.55% of its portfolio in Maxwell Technologies, Inc. for 1.19 million shares. Van Den Berg Management I Inc owns 2.27 million shares or 1.47% of their US portfolio. Moreover, Ironwood Investment Management Llc has 0.18% invested in the company for 43,771 shares. The Wisconsin-based Thompson Investment Management Inc. has invested 0.15% in the stock. Quinn Opportunity Partners Llc, a New York-based fund reported 92,850 shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $26,787 activity.

Among 6 analysts covering Flotek Industries (NYSE:FTK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Flotek Industries has $26 highest and $500 lowest target. $13.89’s average target is 271.39% above currents $3.74 stock price. Flotek Industries had 13 analyst reports since July 27, 2015 according to SRatingsIntel. Seaport Global maintained the shares of FTK in report on Wednesday, January 17 with “Buy” rating. The firm has “Speculative Buy” rating by Seaport Global Securities given on Wednesday, January 20. The stock of Flotek Industries, Inc. (NYSE:FTK) has “Buy” rating given on Thursday, August 6 by Vetr. On Monday, December 14 the stock rating was initiated by KLR Group with “Buy”. Oppenheimer maintained the shares of FTK in report on Wednesday, October 7 with “Perform” rating. Seaport Global maintained the shares of FTK in report on Tuesday, February 27 with “Buy” rating. Vetr upgraded it to “Buy” rating and $20.11 target in Tuesday, September 22 report. The stock of Flotek Industries, Inc. (NYSE:FTK) has “Strong-Buy” rating given on Friday, August 28 by Vetr. The stock of Flotek Industries, Inc. (NYSE:FTK) earned “Perform” rating by Oppenheimer on Monday, July 27. Seaport Global maintained the shares of FTK in report on Tuesday, April 24 with “Buy” rating.

Flotek Industries, Inc. develops and supplies chemistry and services to the gas and oil industries in the United States and internationally. The company has market cap of $213.19 million. It operates through two divisions, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. It currently has negative earnings. The Energy Chemistry Technologies segment is involved in the design, development, manufacture, packaging, and marketing of chemistries under the Complex nano-Fluid brand name for use in gas and oil well drilling, cementing, completion, stimulation, and production activities, as well as for use in enhanced and improved oil recovery markets.

Analysts await Flotek Industries, Inc. (NYSE:FTK) to report earnings on May, 2. They expect $0.05 earnings per share, up 600.00% or $0.06 from last year’s $-0.01 per share. FTK’s profit will be $2.85M for 18.70 P/E if the $0.05 EPS becomes a reality.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 1.14, from 1.84 in 2017Q3. It turned negative, as 24 investors sold Flotek Industries, Inc. shares while 45 reduced holdings. 18 funds opened positions while 30 raised stakes. 42.92 million shares or 9.44% less from 47.40 million shares in 2017Q3 were reported. 43,993 were reported by Manufacturers Life Commerce The. 65,616 were accumulated by Ny State Teachers Retirement. Peconic Prns Lc reported 312,136 shares or 0.21% of all its holdings. Commercial Bank Of Montreal Can accumulated 154 shares. Jpmorgan Chase & accumulated 287,182 shares or 0% of the stock. Skylands Cap Limited Liability Corp, a Wisconsin-based fund reported 317,800 shares. Louisiana State Employees Retirement System holds 0.01% of its portfolio in Flotek Industries, Inc. (NYSE:FTK) for 24,400 shares. Rhumbline Advisers stated it has 134,176 shares or 0% of all its holdings. 39,813 are owned by Bank & Trust Of America Corporation De. Moreover, Citadel Advsr Ltd Company has 0% invested in Flotek Industries, Inc. (NYSE:FTK) for 1.15 million shares. Schwab Charles Mgmt Inc has invested 0% of its portfolio in Flotek Industries, Inc. (NYSE:FTK). Barrow Hanley Mewhinney And Strauss Ltd invested in 0.02% or 2.44M shares. Texas Permanent School Fund holds 38,413 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Liability reported 7,686 shares stake. Connors Investor Services accumulated 492,126 shares.

Maxwell Technologies, Inc. (NASDAQ:MXWL) Institutional Positions Chart

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