Shale development has significantly changed the way that pumping service companies and their related suppliers operate. One company that is well-positioned to benefit from this growing trend is Flotek Industries, Inc. (FTK). Flotek offers valuable services that augment the success of horizontal drilling and the multi-stage stimulation of horizontal wellbores.
Flotek Industries operates as a diversified global supplier of drilling- and production-related products and services for both the energy and mining industries. The company recently expanded to operate out of four business segments: Chemicals Technologies, Non-Energy Chemical Technologies, Drilling Technologies, and Artificial Lift Technologies.
Staging A Comeback
With analysts expecting earnings of $0.74 for 2013, Flotek now trades with a modest premium. The company's trailing price-to-earnings ratio...
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