Flowco Holdings Inc. (NYSE:FLOC) Stock Has Average Target Price of $28.40

Flowco Holdings Inc. (NYSE:FLOC) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $28.40.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their price target on shares of Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings upgraded Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen lowered shares of Flowco from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. Citigroup lowered their target price on Flowco from $30.81 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Flowco from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of Flowco by 42.3% during the first quarter. Sei Investments Co. now owns 178,062 shares of the company’s stock worth $3,668,000 after purchasing an additional 52,961 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Flowco by 327.4% during the 1st quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock worth $9,727,000 after purchasing an additional 361,721 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Flowco during the first quarter worth $4,765,000. Emerald Advisers LLC bought a new stake in shares of Flowco in the 1st quarter worth about $7,971,000. Finally, Walleye Capital LLC acquired a new position in shares of Flowco in the 1st quarter valued at about $6,121,000.

Flowco Stock Down 0.0%

Shares of FLOC opened at $20.00 on Friday. The company has a market capitalization of $1.81 billion, a PE ratio of 16.13 and a beta of 0.92. The business’s 50 day moving average is $19.90 and its 200 day moving average is $21.83. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Flowco has a 12-month low of $15.71 and a 12-month high of $28.26.

Flowco (NYSE:FLOC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $235.86 million during the quarter. Flowco had a return on equity of 35.21% and a net margin of 6.07%. Research analysts expect that Flowco will post 1.29 earnings per share for the current fiscal year.

Flowco Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 21st. Flowco’s dividend payout ratio (DPR) is presently 29.03%.

About Flowco

Flowco Holdings Inc is an energy services company that provides production optimization and emissions-reduction solutions to oil and gas producers. Its services are designed to help customers improve well performance, maintain production and manage emissions throughout the life of a well.

The company’s offerings include artificial-lift systems and related equipment, production-monitoring and optimization technologies, and solutions for managing methane and other emissions. Flowco supports producers with a combination of engineered products, field services and ongoing technical assistance.

Flowco primarily serves the U.S.