Why These Energy Stocks are Losing This Week

5. Flotek Industries, Inc. (NYSE:FTK)

Share Price Decline Between Feb. 14 – Feb. 24: 13.19%

Flotek Industries, Inc. (NYSE:FTK) is a leading chemistry and data technology company focused on servicing the Energy industry.

Shares of Flotek Industries, Inc. (NYSE:FTK) have surged sharply by over 162% over the last year. In fact, FTK was even included in our list of the 15 Energy Infrastructure Stocks that are Skyrocketing last month. The company showed a strong performance in Q3 2024, topping estimates in both revenue and EPS. Moreover, Flotek CEO Dr. Ryan Ezell announced last month that the upcoming Q4 results are expected to be the strongest in terms of net income and adjusted EBITDA, so the current downturn in share price appears to be the market correcting itself in anticipation of the Q4 results, set to be announced on March 10, 2025. Another reason could be that analysts expect FTK’s revenue growth to slow down in Q4 2025, however, the company’s fundamentals remain strong.