FTK - Flotek Industries Is Making Adjustments For A Solid Recovery
Flotek Industries: An Overview
Flotek Industries (FTK) provides chemistry and services that are used in the oil and gas industries and in the consumer and industrial markets. In 2018, so far, Flotek Industries' stock price has dipped by 53%, while VanEck Vectors Oil Services ETF (OIH) declined 4%. OIH represents the oilfield equipment & services (or OFS) industry. FTK has some near-term challenges from the operational perspective as well as some structural headwinds. On the other hand, the current developments have been encouraging and indicating a turnaround in the long term.