Flotek +2% as it unveils double-digit price increase amid rising activity

• Flotek Industries (FTK +1.1%) powers higher as it presents an upbeat outlook at the EnerCom oil and gas conference.
• FTK says it has initiated a double-digit price increase, effective this quarter, as activity levels rise and it anticipates continued improvement in completion activity.
• FTK also says it is enjoying strong demand in energy chemistry, and is focused on delivering improved margins through strategic pricing increases and process efficiency during 2017.