Flotek Industries, Inc. (NYSE:FTK) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 3.10% to $9.24. Flotek Industries, Inc. (NYSE:FTK) declared an update on the current operating environment and other metrics.”While important uncertainty remains in the oil and gas marketplace, we have begun to observe operator behavior that suggests oilfield activity is beginning to improve,” said John Chisholm, Chairman, President, and Chief Executive Officer of Flotek.
“Various drilling and completion measures have begun to trend higher which, if sustained, should benefit Flotek and other oilfield services as 2016 ends and the New Year begins. In addition, we continue to see consumer and prospect interest which, we believe, will provide additional commercial opportunities for our core chemistries. While it is far too early to suggest an industry recovery is underway, we are optimistic that the opportunity set will continue to improve into 2017.” The share price of FTK attracts active investors, as stock price of week volatility recorded 9.32%. The stock is going forward to its 52-week low with 88.92% and lagging behind from its 52-week high price with -45.43%.
Chesapeake Energy Corporation (NYSE:CHK) [Trend Analysis] climbed reacts as active mover, shares an advance 3.36% to traded at $7.53 and the percentage gap between open changing to regular change was 1.37%. Chesapeake Energy Corp. (CHK) Tuesday reported that it has signed contract to sell a portion its acreage and producing properties for approximately $465 million to an affiliate of Covey Park Energy LLC. The company expects this transaction to close in the 2017 first quarter.The properties are in its Haynesville Shale operating area in northern Louisiana.
The sale includes approximately 41,500 net acres and 326 operated and non-operated wells currently producing approximately 50 million cubic feet of gas per day, net to Chesapeake.
Doug Lawler, Chesapeake’s Chief Executive Officer, commented, “We are pleased with the results of our non-core Haynesville sales packages, totaling projected gross proceeds of $915 million, while divesting of only approximately 80 mmcf of daily gas production and approximately $50 million of estimated 2017 operating income.” The firm’s current ratio calculated as 0.30 for the most recent quarter. The firm past twelve months price to sales ratio was 0.64 and price to cash ratio remained 1583.50. As far as the returns are concern, the return on equity was recorded as 248.60% and return on investment was -145.70% while its return on asset stayed at -42.10%.