Theodore Brown - Flotek Industries Independent Director

FTK Stock  USD 17.35  0.04  0.23%   

Director

Mr. Theodore D. Brown is an Independent Director of Flotek Industries, Inc. Mr. Brown joined the Board as a Director in November 2013, became a member of the Corporationrationrate Governance and Nominating Committee in January 2014, and became a member of the Compensation Committee in May 2014. Currently, Mr. Brown is President and CEO of Confluence Resources LP, a private oil and gas exploration and production company formed in 2016 and based in Denver, Colorado. Prior to forming Confluence, Mr. Brown was Senior Vice President and Advisor to the CEO and President of Noble Energy, Inc. until his retirement on January 31, 2015. Mr. Brown joined Noble Energy in 2005 in Noble Energys merger with Patina Oil and Gas. A lifelong oilman, he joined Amoco Production Company upon completion of his degree in mechanical engineering from the University of Wyoming. He has also worked in various capacities for Union Pacific Resources, Barrett Resources, and Williams Companies. Under Mr. Browns leadership, Noble Energy nearly tripled its production in Northern Colorado in nine years while drilling more than 3, 300 new wells. During Mr. Browns tenure, Noble Energy became the largest oil producer in Colorado. Mr. Brown participated in numerous industry activities including Chairman and serving on the Executive Committee of the Colorado Oil Gas Association and the board of the Western Energy Alliance where he has served as the organizations Colorado Vice President. He was also Chairman of Coloradans for Responsible Energy Development and former board member of Colorado Concern. In recognition of Mr. Browns service to both the industry and his community, he was named the Western Energy Alliance 2013 Wildcatter of the Year, one of the highest honors available to oil and gas professionals.In 2014, Mr. Brown was inducted into the Rocky Mountain Oil and Gas Hall of Fame. Mr since 2013.
Age 65
Tenure 12 years
Phone877 433 5685
Webhttps://www.flotekind.com

Flotek Industries Management Efficiency

The company has Return on Asset of 0.0766 % which means that on every $100 spent on assets, it made $0.0766 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1585 %, implying that it generated $0.1585 on every 100 dollars invested. Flotek Industries' management efficiency ratios could be used to measure how well Flotek Industries manages its routine affairs as well as how well it operates its assets and liabilities.
Flotek Industries has 12.85 M in debt with debt to equity (D/E) ratio of 2.53, meaning that the company heavily relies on borrowing funds for operations. Flotek Industries has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Flotek to invest in growth at high rates of return.

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Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. The company was incorporated in 1985 and is headquartered in Houston, Texas. Flotek Industries operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 131 people. Flotek Industries (FTK) is traded on New York Stock Exchange in USA and employs 152 people. Flotek Industries is listed under Specialty Chemicals category by Fama And French industry classification.

Management Performance

Flotek Industries Leadership Team

Elected by the shareholders, the Flotek Industries' board of directors comprises two types of representatives: Flotek Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flotek. The board's role is to monitor Flotek Industries' management team and ensure that shareholders' interests are well served. Flotek Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flotek Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Seham Carson, Principal CFO
Leon Chad, Senior Commercial
Andrea Berry, Vice Operations
James Dixson, VP Division
Paul Hobby, Independent Director
David Nierenberg, Lead Independent Director
Denise Allen, Senior Vice President , Chief of Staff
Bond CPA, Chief Officer
Gibson BSc, CEO Chairman
Matthew Thomas, Executive Vice President - Analysis & Data Division
Amy Blakeway, Senior Counsel
Kevin Brown, Independent Director
Harshavardhan Agadi, Independent Director
Theodore Brown, Independent Director
James Silas, Senior Vice President - Research and Innovation
Andrew Carter, Senior Officer
Ryan Ezell, President of Chemistry Technologies
Michelle Adams, Independent Director
Michael Borton, Chief Financial Officer
John Gibson, Chairman of the Board, President, Chief Executive Officer
Shane Wise, Senior Operations
TengBeng Koid, President , Global Business
Lisa Mayr, Independent Director
Bond Clement, Chief Officer
Glenn Penny, Director Technology
Tom Redlinger, Senior Analytics
Mike Critelli, Director Relations
Nicholas Bigney, Gen VP
Sally Cheadle, Vice Controller
Bernard CFA, Sr Sustainability
Matthew Sullivan, Vice President of Professional Chemistries
Nathan Snoke, Senior Lines
Thomas Redlinger, Senior Analytics
Michael Fucci, Independent Director

Flotek Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Flotek Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Flotek Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Flotek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Flotek Industries Stock. Highlighted below are key reports to facilitate an investment decision about Flotek Industries Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flotek Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Flotek Stock please use our How to buy in Flotek Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flotek Industries. If investors know Flotek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flotek Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flotek Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.