Flowco Holdings Inc.’s (NYSE:FLOC) Quiet Period To Expire Tomorrow

Flowco’s (NYSE:FLOC) quiet period is set to end on Tuesday, February 25th. Flowco had issued 17,800,000 shares in its initial public offering on January 16th. The total size of the offering was $427,200,000 based on an initial share price of $24.00. During Flowco’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of research firms recently weighed in on FLOC. BMO Capital Markets began coverage on Flowco in a research note on Monday, February 10th. They issued an “outperform” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. began coverage on Flowco in a research report on Monday, February 10th. They set an “overweight” rating and a $32.00 target price on the stock. Evercore ISI started coverage on Flowco in a research report on Monday, February 10th. They issued an “outperform” rating and a $35.00 price objective on the stock. Pickering Energy Partners upgraded Flowco to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Piper Sandler initiated coverage on Flowco in a research note on Monday, February 10th. They issued an “overweight” rating and a $34.00 target price for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $33.80.

Flowco Stock Performance

Shares of NYSE FLOC opened at $26.86 on Monday. Flowco has a 12-month low of $25.62 and a 12-month high of $30.50.

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.