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

Shares of Flowco Holdings Inc. (NYSE:FLOC) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.40.

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Zacks Research downgraded shares of Flowco from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Flowco in a report on Thursday, May 7th. Wall Street Zen lowered shares of Flowco from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Piper Sandler raised their target price on shares of Flowco from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 6th.

Flowco Price Performance

Shares of NYSE FLOC opened at $21.66 on Friday. The company has a current ratio of 3.09, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 18.51 and a beta of 0.83. Flowco has a twelve month low of $14.03 and a twelve month high of $28.26. The business has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $22.15.

Flowco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were issued a $0.09 dividend. This is a positive change from Flowco’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. Flowco’s dividend payout ratio (DPR) is 30.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in shares of Flowco by 8,929.4% during the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock valued at $29,000 after acquiring an additional 1,518 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Flowco in the 4th quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new stake in Flowco in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 1,292 shares during the period. Finally, US Bancorp DE bought a new position in Flowco in the 3rd quarter worth about $61,000.

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.