Flowco Holdings Inc. (FLOC) – What Are Analysts Saying About This Stock?

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.25.

A number of research firms recently issued reports on FLOC. Weiss Ratings upgraded Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen cut Flowco from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. Zacks Research upgraded Flowco from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Citigroup reduced their target price on Flowco from $30.81 to $27.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Finally, Piper Sandler decreased their price target on Flowco from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th.

Insider Buying and Selling at Flowco

In other Flowco news, Director Jonathan Fairbanks acquired 15,140 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $19.35 per share, for a total transaction of $292,959.00. Following the completion of the transaction, the director owned 30,765 shares of the company’s stock, valued at approximately $595,302.75. This represents a 96.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 69.76% of the company’s stock.

Hedge Funds Weigh In On Flowco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. bought a new stake in shares of Flowco during the 3rd quarter valued at about $533,000. CenterBook Partners LP purchased a new position in shares of Flowco during the third quarter worth about $1,092,000. State of Alaska Department of Revenue increased its position in shares of Flowco by 20.3% in the third quarter. State of Alaska Department of Revenue now owns 9,228 shares of the company’s stock worth $166,000 after purchasing an additional 1,557 shares during the last quarter. Corient Private Wealth LP bought a new position in shares of Flowco in the second quarter worth approximately $898,000. Finally, Bank of America Corp DE increased its position in shares of Flowco by 327.4% in the first quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock worth $9,727,000 after purchasing an additional 361,721 shares during the last quarter.

Flowco Stock Performance

NYSE FLOC opened at $19.18 on Friday. Flowco has a 12-month low of $15.72 and a 12-month high of $28.26. The firm has a market cap of $1.73 billion, a P/E ratio of 14.53 and a beta of 0.92. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.84. The company’s 50 day moving average is $19.74 and its 200-day moving average is $21.82.

Flowco (NYSE:FLOC) last issued its earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Flowco had a net margin of 6.36% and a return on equity of 40.38%. The business had revenue of $235.86 million for the quarter. Sell-side analysts predict that Flowco will post 1.36 earnings per share for the current year.

Flowco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, November 13th. Flowco’s payout ratio is 29.03%.

Flowco Company Profile

Flowco Holdings Inc is an energy services company that provides production optimization and emissions-reduction solutions to oil and gas producers. Its services are designed to help customers improve well performance, maintain production and manage emissions throughout the life of a well.

The company’s offerings include artificial-lift systems and related equipment, production-monitoring and optimization technologies, and solutions for managing methane and other emissions. Flowco supports producers with a combination of engineered products, field services and ongoing technical assistance.

Flowco primarily serves the U.S.