Intrinsic value of Flotek Industries - FTK

Previous Close

$2.15

  Intrinsic Value

$0.70

stock screener

  Rating & Target

str. sell

-67%

Previous close

$2.15

 
Intrinsic value

$0.70

 
Up/down potential

-67%

 
Rating

str. sell

We calculate the intrinsic value of FTK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  323
  331
  339
  349
  360
  371
  384
  397
  412
  428
  445
  463
  482
  503
  524
  547
  572
  597
  625
  653
  683
  715
  749
  785
  822
  861
  903
  946
  992
  1,040
Variable operating expenses, $m
  298
  304
  312
  320
  330
  340
  351
  363
  376
  391
  395
  411
  428
  446
  466
  486
  508
  530
  555
  580
  607
  635
  665
  697
  730
  765
  801
  840
  881
  924
Fixed operating expenses, $m
  30
  30
  31
  32
  32
  33
  34
  35
  35
  36
  37
  38
  38
  39
  40
  41
  42
  43
  44
  45
  46
  47
  48
  49
  50
  51
  52
  53
  55
  56
Total operating expenses, $m
  328
  334
  343
  352
  362
  373
  385
  398
  411
  427
  432
  449
  466
  485
  506
  527
  550
  573
  599
  625
  653
  682
  713
  746
  780
  816
  853
  893
  936
  980
Operating income, $m
  -4
  -4
  -3
  -3
  -3
  -2
  -1
  0
  0
  1
  13
  14
  16
  17
  19
  20
  22
  24
  26
  28
  31
  33
  36
  39
  42
  45
  49
  53
  57
  61
EBITDA, $m
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
  25
  27
  29
  31
  33
  35
  37
  40
  43
  46
  49
  53
  56
  60
  64
  69
  73
  78
  83
  89
Interest expense (income), $m
  2
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
Earnings before tax, $m
  -5
  -5
  -5
  -5
  -4
  -4
  -3
  -3
  -2
  -1
  10
  11
  12
  13
  15
  16
  18
  19
  21
  23
  25
  27
  30
  32
  35
  38
  41
  44
  48
  51
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  3
  3
  3
  4
  4
  4
  5
  5
  6
  6
  7
  7
  8
  9
  9
  10
  11
  12
  13
  14
Net income, $m
  -5
  -5
  -5
  -5
  -4
  -4
  -3
  -3
  -2
  -1
  7
  8
  9
  10
  11
  12
  13
  14
  16
  17
  18
  20
  22
  24
  26
  28
  30
  32
  35
  38

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  337
  344
  353
  363
  374
  386
  399
  414
  429
  445
  463
  482
  502
  523
  546
  570
  595
  622
  650
  680
  711
  744
  779
  816
  855
  896
  939
  985
  1,032
  1,082
Adjusted assets (=assets-cash), $m
  337
  344
  353
  363
  374
  386
  399
  414
  429
  445
  463
  482
  502
  523
  546
  570
  595
  622
  650
  680
  711
  744
  779
  816
  855
  896
  939
  985
  1,032
  1,082
Revenue / Adjusted assets
  0.958
  0.962
  0.960
  0.961
  0.963
  0.961
  0.962
  0.959
  0.960
  0.962
  0.961
  0.961
  0.960
  0.962
  0.960
  0.960
  0.961
  0.960
  0.962
  0.960
  0.961
  0.961
  0.961
  0.962
  0.961
  0.961
  0.962
  0.960
  0.961
  0.961
Average production assets, $m
  127
  130
  133
  137
  141
  146
  151
  156
  162
  168
  175
  182
  190
  198
  206
  215
  225
  235
  245
  257
  269
  281
  294
  308
  323
  338
  355
  372
  390
  409
Working capital, $m
  99
  101
  104
  106
  110
  113
  117
  121
  126
  131
  136
  141
  147
  153
  160
  167
  174
  182
  190
  199
  208
  218
  228
  239
  251
  263
  275
  289
  303
  317
Total debt, $m
  29
  31
  33
  34
  37
  39
  42
  44
  47
  51
  54
  58
  62
  66
  70
  75
  80
  85
  91
  97
  103
  110
  117
  124
  131
  140
  148
  157
  166
  176
Total liabilities, $m
  66
  68
  70
  72
  74
  76
  79
  81
  84
  88
  91
  95
  99
  103
  107
  112
  117
  122
  128
  134
  140
  147
  154
  161
  168
  177
  185
  194
  203
  213
Total equity, $m
  270
  276
  284
  292
  300
  310
  321
  332
  344
  358
  372
  387
  403
  420
  438
  457
  478
  499
  522
  546
  571
  598
  626
  656
  687
  720
  754
  791
  829
  869
Total liabilities and equity, $m
  336
  344
  354
  364
  374
  386
  400
  413
  428
  446
  463
  482
  502
  523
  545
  569
  595
  621
  650
  680
  711
  745
  780
  817
  855
  897
  939
  985
  1,032
  1,082
Debt-to-equity ratio
  0.110
  0.110
  0.110
  0.120
  0.120
  0.130
  0.130
  0.130
  0.140
  0.140
  0.150
  0.150
  0.150
  0.160
  0.160
  0.160
  0.170
  0.170
  0.170
  0.180
  0.180
  0.180
  0.190
  0.190
  0.190
  0.190
  0.200
  0.200
  0.200
  0.200
Adjusted equity ratio
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803
  0.803

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -5
  -5
  -5
  -5
  -4
  -4
  -3
  -3
  -2
  -1
  7
  8
  9
  10
  11
  12
  13
  14
  16
  17
  18
  20
  22
  24
  26
  28
  30
  32
  35
  38
Depreciation, amort., depletion, $m
  19
  19
  20
  20
  20
  20
  21
  21
  22
  22
  12
  12
  13
  14
  14
  15
  15
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
Funds from operations, $m
  14
  14
  14
  15
  16
  16
  17
  18
  19
  21
  19
  21
  22
  23
  25
  27
  28
  30
  32
  35
  37
  39
  42
  45
  48
  51
  54
  58
  62
  66
Change in working capital, $m
  2
  2
  3
  3
  3
  4
  4
  4
  4
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
Cash from operations, $m
  12
  12
  12
  12
  12
  13
  13
  14
  15
  16
  14
  15
  16
  17
  18
  20
  21
  22
  24
  26
  28
  30
  32
  34
  36
  39
  42
  45
  48
  51
Maintenance CAPEX, $m
  -9
  -9
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -12
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -27
New CAPEX, $m
  -2
  -3
  -3
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
Cash from investing activities, $m
  -11
  -12
  -12
  -13
  -13
  -15
  -15
  -15
  -17
  -17
  -19
  -19
  -20
  -21
  -23
  -23
  -25
  -25
  -27
  -28
  -30
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
  -46
Free cash flow, $m
  1
  0
  0
  -1
  -1
  -1
  -1
  -2
  -2
  -1
  -4
  -4
  -4
  -4
  -4
  -4
  -3
  -3
  -3
  -2
  -2
  -1
  -1
  0
  1
  1
  2
  3
  4
  5
Issuance/(repayment) of debt, $m
  1
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
Issuance/(repurchase) of shares, $m
  11
  12
  12
  13
  13
  14
  14
  14
  14
  14
  7
  7
  7
  7
  7
  7
  7
  7
  7
  7
  7
  7
  6
  6
  6
  5
  5
  4
  3
  3
Cash from financing (excl. dividends), $m  
  12
  14
  14
  15
  15
  16
  17
  17
  17
  17
  10
  11
  11
  11
  11
  12
  12
  12
  13
  13
  13
  14
  13
  13
  14
  13
  13
  13
  12
  13
Total cash flow (excl. dividends), $m
  13
  13
  14
  14
  14
  15
  15
  16
  16
  16
  6
  7
  7
  8
  8
  8
  9
  10
  10
  11
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
Retained Cash Flow (-), $m
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -14
  -14
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -36
  -38
  -40
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  2
  2
  1
  1
  1
  1
  1
  1
  2
  2
  -8
  -8
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  2
  2
  1
  1
  1
  1
  1
  1
  1
  1
  -4
  -4
  -3
  -3
  -3
  -3
  -2
  -2
  -2
  -2
  -1
  -1
  -1
  -1
  -1
  -1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  94.5
  89.0
  83.7
  78.6
  73.8
  69.3
  65.1
  61.2
  57.6
  54.4
  52.9
  51.5
  50.2
  49.0
  47.8
  46.7
  45.6
  44.7
  43.8
  42.9
  42.2
  41.5
  40.9
  40.3
  39.8
  39.4
  39.1
  38.8
  38.5
  38.3

Flotek Industries, Inc. is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT). The ECT segment designs, develops, manufactures, packages and markets chemistries for use in oil and gas well drilling, cementing, completion and stimulation activities. Its ECT segment's services include Reservoir Characterization, Polymer Conformance and Logistics Management. The CICT segment sources citrus oil domestically and internationally, and processor of citrus oils in the world. The CICT segment designs, develops and manufactures products that are sold to companies in the flavor and fragrance industries and specialty chemical industry.

FINANCIAL RATIOS  of  Flotek Industries (FTK)

Valuation Ratios
P/E Ratio -2.5
Price to Sales 0.5
Price to Book 0.4
Price to Tangible Book
Price to Cash Flow 61.2
Price to Free Cash Flow -10.2
Growth Rates
Sales Growth Rate -2.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -12.5%
Cap. Spend. - 3 Yr. Gr. Rate -1.4%
Financial Strength
Quick Ratio 0
Current Ratio 0.8
LT Debt to Equity 2.4%
Total Debt to Equity 16.7%
Interest Coverage 3
Management Effectiveness
Return On Assets -12.1%
Ret/ On Assets - 3 Yr. Avg. -0.5%
Return On Total Capital -14.4%
Ret/ On T. Cap. - 3 Yr. Avg. -0.6%
Return On Equity -16.9%
Return On Equity - 3 Yr. Avg. -0.6%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 34.6%
Gross Margin - 3 Yr. Avg. 37%
EBITDA Margin 5.7%
EBITDA Margin - 3 Yr. Avg. 11.3%
Operating Margin 2.3%
Oper. Margin - 3 Yr. Avg. 8.4%
Pre-Tax Margin 1.1%
Pre-Tax Margin - 3 Yr. Avg. 7.7%
Net Profit Margin -18.6%
Net Profit Margin - 3 Yr. Avg. -2.2%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 33.2%
Payout Ratio 0%

FTK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FTK stock intrinsic value calculation we used $317.098 million for the last fiscal year's total revenue generated by Flotek Industries. The default revenue input number comes from 0001 income statement of Flotek Industries. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FTK stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for FTK is calculated based on our internal credit rating of Flotek Industries, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Flotek Industries.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FTK stock the variable cost ratio is equal to 92.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $29 million in the base year in the intrinsic value calculation for FTK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.7% for Flotek Industries.

Corporate tax rate of 27% is the nominal tax rate for Flotek Industries. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FTK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FTK are equal to 39.3%.

Life of production assets of 14.6 years is the average useful life of capital assets used in Flotek Industries operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FTK is equal to 30.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $264.9 million for Flotek Industries - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 56.959 million for Flotek Industries is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Flotek Industries at the current share price and the inputted number of shares is $0.1 billion.

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DRQ Dril-Quip 49.80 21.75  str.sell
FTI TechnipFMC 30.90 39.00  buy

COMPANY NEWS

▶ Seaport Downgrades Flotek After Worst-Case Q2   [Aug-08-18 02:44PM  Benzinga]
▶ Flotek Industries: 2Q Earnings Snapshot   [06:39PM  Associated Press]
▶ Kate Richard Joins Flotek Board Of Directors   [Jul-12-18 04:05PM  PR Newswire]
▶ David Nierenberg Joins Flotek Board Of Directors   [Jun-04-18 08:25AM  PR Newswire]
▶ Near a 7-Year Low, Is This Energy Stock a Buy?   [May-21-18 08:35AM  Motley Fool]
▶ Flotek Industries: 1Q Earnings Snapshot   [May-10-18 05:08AM  Associated Press]
▶ Flotek Introduces New Product Line   [Apr-25-18 04:35PM  PR Newswire]
▶ New Strong Buy Stocks for April 3rd   [Apr-03-18 10:50AM  Zacks]
▶ Top 10 Stocks Under $20   [Mar-29-18 12:57PM  Zacks]
▶ Flotek Announces Leadership Changes   [Mar-22-18 06:00PM  PR Newswire]
▶ New Strong Buy Stocks for March 14th   [Mar-14-18 09:42AM  Zacks]
▶ When Should You Buy Flotek Industries Inc (NYSE:FTK)?   [Mar-08-18 11:47AM  Simply Wall St.]
▶ Walmart Is One of 6 Big Names Ready to Change Direction   [Feb-26-18 02:00PM  TheStreet.com]
▶ Flotek Industries reports 4Q loss   [Feb-20-18 07:35PM  Associated Press]
▶ Wall Streets Forecasts for NOV ahead of 4Q17 Earnings   [Jan-26-18 07:30AM  Market Realist]
▶ Hows Halliburton Reacting to Crude Oils Price Change?   [Jan-25-18 11:10AM  Market Realist]
▶ How National Oilwell Varco Performed in 3Q17   [09:03AM  Market Realist]
▶ Flotek Expands Lines of Chemistry Technologies   [Jan-22-18 07:18PM  PR Newswire]
▶ EnerCom Dallas Announces 2018 Conference Presenters   [Jan-18-18 05:44PM  PR Newswire]
▶ Halliburton Reacts to Crude Oils Price Change   [Jan-16-18 02:05PM  Market Realist]
▶ Baker Hughes Reacts to Crude Oil Price Changes   [Jan-11-18 02:35PM  Market Realist]
▶ What Wall Street Recommends for NOG, JONE, FTK, and WFT   [Jan-05-18 07:34AM  Market Realist]
▶ How Did Schlumberger React to Crude Oil Prices Last Week?   [Jan-03-18 05:50PM  Market Realist]
▶ Former Flotek CEO Jerry Dumas died   [08:50AM  American City Business Journals]
▶ Hows Halliburton Reacting to the Change in Crude Oil Prices?   [Dec-26-17 03:25PM  Market Realist]
▶ How Schlumberger Reacted to Crude Oil Prices Last Week   [Dec-18-17 03:55PM  Market Realist]
▶ What Are Schlumbergers New Plans with SPM Projects?   [Dec-04-17 05:20PM  Market Realist]
▶ 3 Stocks Set to Drop   [11:42AM  Motley Fool]
▶ Analyzing Wall Streets Targets for NOG, SGY, FTK, and WFT   [Dec-01-17 07:33AM  Market Realist]
▶ Oilfield Services Gainers: FTK, FTI, DRQ, RES, and NOV   [Nov-30-17 07:36AM  Market Realist]
▶ Wall Street Targets for the Worst-Performing Oilfield Stocks   [Nov-27-17 10:32AM  Market Realist]
▶ The 5 Worst Oilfield Companies by Market Returns   [Nov-24-17 04:16PM  Market Realist]
▶ How Did Schlumberger React to Price of Crude Oil Last Week?   [Nov-20-17 03:30PM  Market Realist]

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