Flowco (NYSE:FLOC) Upgraded by Wall Street Zen to “Buy” Rating

Flowco (NYSE:FLOC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $30.00 price target on shares of Flowco in a research report on Monday. Evercore reaffirmed an “outperform” rating and set a $25.00 target price on shares of Flowco in a report on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. BMO Capital Markets increased their price target on Flowco from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flowco in a research note on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.20.

Flowco Stock Up 7.5%

FLOC stock opened at $22.86 on Friday. Flowco has a fifty-two week low of $14.03 and a fifty-two week high of $29.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.90 and a quick ratio of 1.33. The stock has a market capitalization of $2.05 billion and a price-to-earnings ratio of 7.62. The business’s fifty day moving average price is $19.28 and its two-hundred day moving average price is $17.31.

Insiders Place Their Bets

In other Flowco news, EVP Chad Roberts sold 54,706 shares of the firm’s stock in a transaction 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 document filed with the SEC, which can be accessed through the SEC website. Insiders sold 163,500 shares of company stock worth $3,419,009 in the last three months.

Institutional Trading of Flowco

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in Flowco by 95.6% in the second 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 stake in shares of Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after purchasing an additional 2,374 shares in the last quarter. US Bancorp DE bought a new stake in shares of Flowco during the 3rd quarter valued at approximately $61,000. Police & Firemen s Retirement System of New Jersey increased its position 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 worth $85,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Flowco in the first quarter valued at approximately $92,000.

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.