Flowco Holdings Inc. (NYSE:FLOC) Given Average Rating of “Hold” by Analysts

Flowco Holdings Inc. (NYSE:FLOC) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.40.

Several research firms have recently commented on FLOC. Weiss Ratings raised shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Citigroup decreased their target price on Flowco from $30.81 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Wall Street Zen cut Flowco from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Zacks Research downgraded Flowco from a “hold” rating to a “strong sell” rating in a report on Thursday, August 20th. Finally, Piper Sandler reduced their price objective on Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th.

Institutional Trading of Flowco

A number of large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Flowco in the first quarter valued at approximately $369,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Flowco during the first quarter worth approximately $602,000. Corient Private Wealth LP acquired a new stake in Flowco in the 2nd quarter valued at approximately $898,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Flowco in the 1st quarter valued at approximately $1,099,000. Finally, Monashee Investment Management LLC bought a new stake in Flowco during the 1st quarter valued at $2,060,000.

Flowco Price Performance

Shares of NYSE FLOC opened at $19.68 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.87 and a beta of 0.94. Flowco has a twelve month low of $14.03 and a twelve month high of $28.26. The business has a 50 day simple moving average of $21.08 and a 200-day simple moving average of $22.54.

Flowco (NYSE:FLOC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Flowco had a return on equity of 35.21% and a net margin of 6.07%.The firm had revenue of $235.86 million for the quarter. As a group, equities research analysts expect that Flowco will post 1.42 earnings per share for the current year.

Flowco Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.14 dividend. The ex-dividend date was Friday, August 21st. Flowco’s dividend payout ratio (DPR) is presently 29.03%.

About Flowco

Flowco Holdings Inc is an oilfield services company that provides artificial lift and production optimization solutions to the onshore oil and natural gas industry. Its offerings are designed to help energy producers improve well performance, increase production and manage operating costs over the life of a well.

The company provides equipment and services used in artificial lift applications, including gas lift and plunger lift systems, as well as wellhead compression and related production-management technologies.