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

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.25.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 target price on shares of Flowco in a research report on Monday, February 2nd. BMO Capital Markets upped 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. Evercore reiterated an “outperform” rating and issued a $25.00 target price on shares of Flowco in a research report on Thursday, November 6th. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th.

Flowco Stock Performance

Shares of FLOC stock opened at $23.37 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.63. Flowco has a 12-month low of $14.03 and a 12-month high of $27.43. The business’s 50 day moving average is $20.16 and its two-hundred day moving average is $17.55. The company has a market capitalization of $2.10 billion and a P/E ratio of 7.79.

Flowco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 13th. Flowco’s dividend payout ratio (DPR) is 10.67%.

Insider Activity

In related news, EVP Chad Roberts sold 54,706 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total transaction of $1,224,867.34. Following the completion of the sale, the executive vice president directly owned 67,008 shares in the company, valued at approximately $1,500,309.12. The trade was a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 163,500 shares of company stock valued at $3,419,009 over the last quarter.

Institutional Investors Weigh In On Flowco

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLOC. Zions Bancorporation National Association UT purchased a new stake in shares of Flowco during the fourth quarter worth $29,000. Parallel Advisors LLC boosted its position in Flowco by 8,929.4% during the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock worth $29,000 after acquiring an additional 1,518 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Flowco during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in Flowco by 95.6% in 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. Finally, Strs Ohio purchased a new position in Flowco in the 1st quarter worth approximately $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.