Flowco (NYSE:FLOC) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities analysts have also issued reports on FLOC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flowco in a research report on Friday, January 9th. Jefferies Financial Group restated a “buy” rating and issued a $30.00 price target on shares of Flowco in a research note on Monday, February 2nd. Piper Sandler upped their price target on shares of Flowco from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, March 6th. BMO Capital Markets increased their price objective on shares of Flowco from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

Flowco Stock Performance

Flowco stock opened at $21.75 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.34 and a quick ratio of 1.42. The firm’s fifty day moving average price is $21.97 and its 200 day moving average price is $18.51. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 18.43 and a beta of -0.16. Flowco has a 12-month low of $14.03 and a 12-month high of $26.51.

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 transaction, the executive vice president owned 67,008 shares in the company, valued at $1,500,309.12. The trade was a 44.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 134,790 shares of company stock valued at $2,878,137.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in Flowco by 8,929.4% in the 4th quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock worth $29,000 after purchasing an additional 1,518 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Flowco during the fourth quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Flowco during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC grew 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 worth $47,000 after buying an additional 1,292 shares in the last quarter. Finally, CWM LLC grew its holdings in Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock worth $54,000 after buying an additional 2,374 shares in the last quarter.

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.