With strong share price gains and significant hedge fund interest, Flotek Industries, Inc. (NYSE:FTK) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
An oil rig surrounded by the expanse of sea, the pumping operations in progress.
Following the company’s earnings release, Northland upgraded Flotek Industries, Inc. (NYSE:FTK) from ‘Market Perform’ to ‘Outperform’ on August 6, 2025, maintaining a $16 price target.
A day earlier, Flotek Industries, Inc. (NYSE:FTK) reported its results for Q2 2025. A 19% growth in Chemistry Technologies and a 189% surge in Data Analytics resulted in a 26% revenue growth to $58.4 million. Furthermore, the growth was driven by the recent acquisition of mobile gas conditioning assets. Marking the eleventh consecutive quarter of growth, the company’s adjusted EBITDA more than doubled to $9.5 million, while adjusted net income grew 167% to $6.0 million, or $0.16 per share.
Moreover, Flotek Industries, Inc. (NYSE:FTK) recorded a 500-basis-point improvement in gross margin, taking it to 25%, thanks to higher-margin service revenue. Looking ahead, the company reaffirmed its 2025 revenue guidance of $200-$220 million and adjusted EBITDA guidance of $34-$39 million. It expects strong demand across both segments and outperformance from the acquired assets.
Flotek Industries, Inc. (NYSE:FTK) is focused on enhancing the performance and economics of oil and gas operations with its innovative chemistry solutions and data analytics. It is included in our list of the hot stocks to buy.
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