Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil-field services specialist Flotek Industries (NYSE: FTK) climbed 10% on Thursday after the company's quarterly results easily topped Wall Street expectations.

So what: Flotek's fourth-quarter beat was so wide -- EPS of $0.20 versus the consensus of just $0.15 -- that analysts are being forced to raise their growth expectations yet again. The company also took several steps to significantly improve its balance sheet, providing investors some added piece of mind.

Now what: For the first two months of 2012, management now expects revenue to exceed $48 million, a 50% jump from the year-ago period. "While we will remain strategic in our thinking about ways to further improve our balance sheet, we will also use our financial flexibility to think strategically in ways to add value for Flotek shareholders," said Chairman John Chisholm. "We are excited about the opportunities before us in 2012." With the stock now up more than 200% from its early October lows, however, much of that optimism might already be baked into the price. 

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