• Valuation o CMP: $17.59, Market Cap $943 million, o Morning Star Forward P/E 32.3, Yahoo forward P/E for 2015E is 175.9 and 2016E is 37.4 o Price/Book 3.3 o P/S 2.4 o YTD return -6.09% o 3 month return +35.20% o Debt/Equity 0.1
• Flotek recorded 2Q15 revenue was $87 million, compared to $105.3 million for 2Q14, and $82.4 million for 1Q15. The decline is due to deep decline in oilfield activity.
• The Company started to refocus on Drilling Technologies due to