Flowco Holdings Inc. (NYSE:FLOC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Flowco Holdings Inc. (NYSE:FLOC) has received an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.20.

Several research firms have commented on FLOC. Zacks Research downgraded Flowco from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Evercore ISI reissued an “outperform” rating and set a $25.00 price objective on shares of Flowco in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flowco in a research note on Friday, January 9th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Flowco in a report on Tuesday, December 9th.

Flowco Stock Performance

Flowco stock opened at $20.46 on Wednesday. Flowco has a twelve month low of $14.03 and a twelve month high of $29.57. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.83 billion and a P/E ratio of 6.82. The stock’s 50 day moving average is $18.49 and its 200 day moving average is $17.12.

Flowco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. Flowco’s dividend payout ratio (DPR) is presently 10.67%.

Insider Activity

In related news, EVP Chad Roberts sold 55,173 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $18.26, for a total transaction of $1,007,458.98. Following the sale, the executive vice president directly owned 332,327 shares of the company’s stock, valued at $6,068,291.02. This trade represents a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 155,667 shares of company stock worth $3,023,566 over the last 90 days.

Hedge Funds Weigh In On Flowco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after acquiring an additional 1,292 shares during the last quarter. CWM LLC boosted its holdings in Flowco by 183.6% in the third quarter. CWM LLC now owns 3,667 shares of the company’s stock worth $54,000 after purchasing an additional 2,374 shares during the last quarter. US Bancorp DE bought a new stake in Flowco in the 3rd quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey raised its stake in Flowco by 38.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company’s stock valued at $85,000 after buying an additional 1,317 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Flowco during the 1st quarter valued at $92,000.

Flowco Company Profile

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.