Golar LNG Limited (GLNG) Reaches $27.68 After 4.00% Up Move; Flotek Industries (FTK) Shorts Down By 8.32%

June 14, 2018 - By Matthew Harris

Golar LNG Limited (NASDAQ:GLNG) Logo

Flotek Industries Inc (NYSE:FTK) had a decrease of 8.32% in short interest. FTK’s SI was 9.64 million shares in June as released by FINRA. Its down 8.32% from 10.51M shares previously. With 681,100 avg volume, 14 days are for Flotek Industries Inc (NYSE:FTK)’s short sellers to cover FTK’s short positions. The SI to Flotek Industries Inc’s float is 19.79%. The stock decreased 2.05% or $0.07 during the last trading session, reaching $3.35. About 400,901 shares traded. Flotek Industries, Inc. (NYSE:FTK) has declined 68.85% since June 14, 2017 and is downtrending. It has underperformed by 81.42% the S&P500. Some Historical FTK News: ; 22/03/2018 – Flotek Announces Leadership Changes; 23/04/2018 – RT @SEEKINGALPHA_FS: Flotek -25% after warning of negative Q1 EBITDA, disappointing revenue; 09/05/2018 – Flotek 1Q EPS 0c; 22/03/2018 – Flotek Industries Names Matthew Marietta EVP of Finance & Corporate Development; 21/03/2018 – FLOTEK INDUSTRIES-BOARD DETERMINED THAT IT WILL REDUCE TOTAL NUMBER OF DIRECTORS ON BOARD TO SIX FOLLOWING CARLA S. HARDY JOHN S. REILAND DEPARTURES; 22/03/2018 – FLOTEK: MARIETTA TO SERVE AS COMPANY’S PRINCIPAL FINL OFFICER; 21/03/2018 – Flotek Industries: Board to Be 6 Directors After Departures; 22/03/2018 – FLOTEK INDUSTRIES – MATTHEW MARIETTA PROMOTED TO EXECUTIVE VICE PRESIDENT OF FINANCE & CORPORATE DEVELOPMENT, TO SERVE AS PRINCIPAL FINANCIAL OFFICER; 09/05/2018 – FLOTEK INDUSTRIES 1Q EPS $0, EST. LOSS/SHR 10C (2 EST.); 23/04/2018 – FLOTEK INDUSTRIES SEES 1Q REV. $59M TO $62M

The stock of Golar LNG Limited (NASDAQ:GLNG) is a huge mover today! The stock increased 2.46% or $0.66 during the last trading session, reaching $27.68. About 392,814 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 24.26% since June 14, 2017 and is uptrending. It has outperformed by 11.69% the S&P500. Some Historical GLNG News: ; 19/04/2018 – GOLAR LNG – PRELIMINARY AGREEMENT, EXCHANGED HOT FOR CHARTER AGREEMENT WITH BP MAURITANIA INVESTMENTS, BP SENEGAL INVESTMENTS; 16/04/2018 – REG-Golar LNG Limited – Announcement of filing of Form 20-F Annual Report; 19/03/2018 – GRAHAM ROBJOHNS TO BECOME CFO, DEPUTY CEO OF GOLAR LNG; 31/05/2018 – GOLAR LNG 1Q OPER REV. $66.2M, EST. $68.9M; 19/04/2018 – Golar LNG enters into a Preliminary Agreement and exchanges Heads of Terms for an FLNG vessel for Phase 1A of the Greater Tortu; 31/05/2018 – GOLAR LNG LTD QTRLY TOTAL OPERATING REVENUES $66.2 MLN VS $57.6 MLN IN 2017 OCT-DEC QTR; 27/04/2018 – SKAGEN Funds Reports 4.98 % Stake in Golar LNG; 19/04/2018 – GOLAR LNG: GOLAR LNG IN A PRELIM PACT, EXCHANGES HEADS OF TERMS; 31/05/2018 – REG-Golar LNG Dividend information; 18/05/2018 – Golar’s Cameroon LNG project ships first cargo – sources, dataThe move comes after 8 months positive chart setup for the $2.80B company. It was reported on Jun, 14 by Barchart.com. We have $28.79 PT which if reached, will make NASDAQ:GLNG worth $111.96 million more.

Among 6 analysts covering Flotek Industries (NYSE:FTK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Flotek Industries had 13 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, October 7 the stock rating was maintained by Oppenheimer with “Perform”. Vetr downgraded Flotek Industries, Inc. (NYSE:FTK) on Friday, August 28 to “Strong-Buy” rating. Seaport Global maintained Flotek Industries, Inc. (NYSE:FTK) rating on Wednesday, January 17. Seaport Global has “Buy” rating and $7.0 target. The firm earned “Perform” rating on Monday, July 27 by Oppenheimer. The firm has “Buy” rating by Seaport Global given on Tuesday, April 24. Seaport Global Securities upgraded the shares of FTK in report on Wednesday, January 20 to “Speculative Buy” rating. The stock of Flotek Industries, Inc. (NYSE:FTK) earned “Buy” rating by Seaport Global on Tuesday, February 27. The rating was upgraded by Vetr on Tuesday, September 22 to “Buy”. As per Thursday, August 6, the company rating was downgraded by Vetr. The firm has “Buy” rating given on Monday, December 14 by KLR Group.

Since May 15, 2018, it had 4 insider purchases, and 0 selling transactions for $240,010 activity. 20,000 shares were bought by Walton H. Richard, worth $67,684 on Wednesday, May 16. Shares for $114,552 were bought by CHISHOLM JOHN on Tuesday, May 15. Marietta Matthew B also bought $22,987 worth of Flotek Industries, Inc. (NYSE:FTK) shares. SNIVELY JOSHUA A had bought 10,216 shares worth $34,787 on Tuesday, May 15.

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 $190.49 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.

Investors sentiment increased to 1.06 in 2018 Q1. Its up 0.36, from 0.7 in 2017Q4. It improved, as 14 investors sold Flotek Industries, Inc. shares while 38 reduced holdings. 19 funds opened positions while 36 raised stakes. 44.28 million shares or 3.17% more from 42.92 million shares in 2017Q4 were reported. Prudential Fincl Inc holds 91,229 shares or 0% of its portfolio. Pnc Financial Ser Grp Incorporated holds 0% of its portfolio in Flotek Industries, Inc. (NYSE:FTK) for 199,255 shares. Bancorp Of America De reported 15,523 shares stake. The Georgia-based Voya Invest Mgmt Ltd Liability Corporation has invested 0% in Flotek Industries, Inc. (NYSE:FTK). 25,200 are held by Louisiana State Employees Retirement Systems. Synovus Financial Corp invested in 0% or 1,609 shares. State Of Alaska Department Of Revenue owns 18,319 shares for 0% of their portfolio. Bluecrest Cap stated it has 66,022 shares. Bnp Paribas Arbitrage has 0% invested in Flotek Industries, Inc. (NYSE:FTK) for 18,316 shares. The New York-based State Common Retirement Fund has invested 0% in Flotek Industries, Inc. (NYSE:FTK). State Bank Of Ny Mellon Corp reported 666,721 shares stake. Pennsylvania-based Vanguard Group Inc has invested 0% in Flotek Industries, Inc. (NYSE:FTK). Comerica Financial Bank has 59,005 shares for 0% of their portfolio. Profund Advsrs Limited Liability Co has invested 0% in Flotek Industries, Inc. (NYSE:FTK). Northpointe Capital Limited Company owns 1.78 million shares or 1.36% of their US portfolio.

Golar LNG Limited, a midstream liquefied natural gas company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company has market cap of $2.80 billion. The firm operates through Vessel Operations, LNG Trading, FLNG, and Power divisions. It currently has negative earnings. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

Among 12 analysts covering Golar LNG Limited (NASDAQ:GLNG), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Golar LNG Limited had 33 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Golar LNG Limited (NASDAQ:GLNG) earned “Buy” rating by Cowen & Co on Thursday, November 30. The stock of Golar LNG Limited (NASDAQ:GLNG) has “Overweight” rating given on Monday, June 4 by Morgan Stanley. Morgan Stanley maintained Golar LNG Limited (NASDAQ:GLNG) rating on Monday, February 12. Morgan Stanley has “Equal-Weight” rating and $36 target. As per Monday, May 9, the company rating was upgraded by Credit Suisse. Jefferies maintained Golar LNG Limited (NASDAQ:GLNG) rating on Monday, June 26. Jefferies has “Buy” rating and $3900 target. The firm has “Buy” rating by Jefferies given on Monday, December 18. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 28. As per Sunday, October 22, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by ABN Amro on Monday, October 3 to “Hold”. The firm earned “Buy” rating on Friday, January 26 by Jefferies.

More notable recent Golar LNG Limited (NASDAQ:GLNG) news were published by: Nasdaq.com which released: “Recent Analysis Shows Supernus Pharmaceuticals, R1 RCM, Golar LNG, Chemical Financial, Chipmos Technologies …” on June 05, 2018, also Nasdaq.com with their article: “Mid-Afternoon Market Update: J.Jill Climbs On Earnings Beat; Scpharmaceuticals Shares Fall” published on May 31, 2018, Globenewswire.com published: “Golar LNG :FLNG Hilli Episeyo – Customer Acceptance” on June 04, 2018. More interesting news about Golar LNG Limited (NASDAQ:GLNG) were released by: Globenewswire.com and their article: “Golar LNG Dividend information” published on May 31, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Abercrombie & Fitch Beats Q1 Expectations” with publication date: June 01, 2018.

Flotek Industries, Inc. (NYSE:FTK) Institutional Positions Chart

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