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

Flowco Holdings Inc. (NYSE:FLOC) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $29.20.

FLOC has been the topic of a number of research reports. Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Piper Sandler decreased their target price on Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Zacks Research downgraded shares of Flowco from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Citigroup initiated coverage on shares of Flowco in a research report on Thursday, May 28th. They set a “neutral” rating and a $31.00 price target for the company. Finally, Wall Street Zen cut shares of Flowco from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd.

Flowco Stock Performance

Shares of FLOC stock opened at $20.16 on Wednesday. The business has a fifty day moving average of $23.03 and a 200 day moving average of $22.44. Flowco has a 1 year low of $14.03 and a 1 year high of $28.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.09 and a quick ratio of 1.48. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.24 and a beta of 0.89.

Flowco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. This is a boost from Flowco’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, May 15th. Flowco’s dividend payout ratio is 30.77%.

Institutional Investors Weigh In On Flowco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC increased its holdings in shares of Flowco by 4.4% during the 3rd quarter. Verition Fund Management LLC now owns 23,997 shares of the company’s stock worth $356,000 after buying an additional 1,012 shares during the last quarter. Deutsche Bank AG lifted its holdings in Flowco by 9.7% in the fourth quarter. Deutsche Bank AG now owns 13,858 shares of the company’s stock valued at $260,000 after acquiring an additional 1,223 shares during the last quarter. 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 worth $47,000 after acquiring an additional 1,292 shares during the period. Parallel Advisors LLC increased its stake 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. Finally, Zions Bancorporation National Association UT purchased a new stake in Flowco in the fourth quarter valued at $29,000.

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.