Flowco Holdings Inc. (NYSE:FLOC) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.40.

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

Flowco Trading Up 0.4%

Shares of Flowco stock opened at $19.27 on Friday. The stock has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $21.82. Flowco has a 12-month low of $15.72 and a 12-month high of $28.26. The company has a market capitalization of $1.74 billion, a P/E ratio of 15.54 and a beta of 0.92. 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 (NYSE:FLOC) last released 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). Flowco had a net margin of 6.07% and a return on equity of 35.21%. The company had revenue of $235.86 million during the quarter. On average, sell-side analysts anticipate that Flowco will post 1.29 earnings per share for the current fiscal year.

Flowco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Friday, November 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, November 13th. Flowco’s payout ratio is presently 29.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLOC. State of Alaska Department of Revenue grew its stake in Flowco by 20.3% during the third quarter. State of Alaska Department of Revenue now owns 9,228 shares of the company’s stock valued at $166,000 after acquiring an additional 1,557 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Flowco during the first quarter worth approximately $369,000. Alps Advisors Inc. purchased a new position in Flowco in the 3rd quarter worth $533,000. Y Intercept Hong Kong Ltd bought a new stake in Flowco in the first quarter worth $602,000. Finally, Corient Private Wealth LP purchased a new stake in Flowco during the second quarter valued at about $898,000.

Flowco Company Profile

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.