Brokerages Set Flowco Holdings Inc. (NYSE:FLOC) Price Target at $27.25

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.25.

A number of research firms have issued reports on FLOC. Evercore reissued an “outperform” rating and issued a $25.00 target price on shares of Flowco in a research note on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price objective on shares of Flowco in a report on Monday, February 2nd. Zacks Research raised Flowco from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen raised shares of Flowco from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, BMO Capital Markets increased their price objective on shares of Flowco from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd.

Insider Activity at Flowco

In related news, EVP Chad Roberts sold 54,706 shares of Flowco stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total value of $1,224,867.34. Following the sale, the executive vice president owned 67,008 shares of the company’s stock, valued at approximately $1,500,309.12. This trade represents a 44.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 163,500 shares of company stock valued at $3,419,009 in the last 90 days.

Institutional Trading of Flowco

A number of institutional investors have recently made changes to their positions in FLOC. Invesco Ltd. grew its position in Flowco by 15.2% in the fourth quarter. Invesco Ltd. now owns 61,268 shares of the company’s stock valued at $1,148,000 after purchasing an additional 8,074 shares in the last quarter. VARCOV Co. acquired a new position in shares of Flowco during the 4th quarter worth about $199,000. Wellington Management Group LLP acquired a new stake in shares of Flowco in the fourth quarter valued at about $12,753,000. Man Group plc boosted its position in Flowco by 26.7% during the fourth quarter. Man Group plc now owns 73,181 shares of the company’s stock valued at $1,371,000 after purchasing an additional 15,443 shares during the last quarter. Finally, Encompass Capital Advisors LLC boosted its position in Flowco by 21.8% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,503,216 shares of the company’s stock valued at $28,170,000 after purchasing an additional 268,903 shares during the last quarter.

Flowco Price Performance

Shares of FLOC stock opened at $22.60 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. Flowco has a 12-month low of $14.03 and a 12-month high of $26.74. The firm has a fifty day moving average of $20.64 and a 200-day moving average of $17.79. The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of 19.15.

Flowco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. Flowco’s dividend payout ratio (DPR) is currently 10.67%.

About Flowco

We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.