Flowco Holdings Inc. (NYSE:FLOC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Flowco, with four buys, two holds and one sell among seven analysts. The average 12-month price target is $28.40, above the stock’s reported price of $21.02.
• Recent analyst actions were mixed to negative: Zacks downgraded the stock to “strong sell,” Wall Street Zen cut it to “hold,” and Citigroup lowered its price target to $27 while maintaining a “neutral” rating.
• Flowco missed quarterly earnings expectations, reporting $0.28 per share versus the $0.37 consensus estimate, though it generated $235.86 million in revenue and recently paid a $0.14 special dividend.

Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.40.

Several brokerages recently weighed in on FLOC. Zacks Research lowered Flowco from a "hold" rating to a "strong sell" rating in a report on Thursday, August 20th. Wall Street Zen lowered Flowco from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Piper Sandler dropped their price target on Flowco from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings upgraded Flowco from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Finally, Citigroup decreased their price objective on shares of Flowco from $30.81 to $27.00 and set a "neutral" rating for the company in a report on Thursday, September 3rd.

Flowco Trading Down 1.0%

NYSE FLOC opened at $21.02 on Thursday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.67 and a quick ratio of 1.33. Flowco has a 12 month low of $14.03 and a 12 month high of $28.26. The company's fifty day moving average price is $21.08 and its two-hundred day moving average price is $22.59.

Flowco (NYSE:FLOC - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Flowco had a return on equity of 35.21% and a net margin of 6.07%.The company had revenue of $235.86 million during the quarter. As a group, research analysts predict that Flowco will post 1.42 earnings per share for the current fiscal year.

Flowco Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 21st. Flowco's payout ratio is 29.03%.

Institutional Investors Weigh In On Flowco

Several institutional investors and hedge funds have recently bought and sold shares of FLOC. Verition Fund Management LLC boosted its stake in Flowco by 4.4% in the third quarter. Verition Fund Management LLC now owns 23,997 shares of the company's stock valued at $356,000 after acquiring an additional 1,012 shares during the period. Deutsche Bank AG raised its position in shares of Flowco by 9.7% during the 4th quarter. Deutsche Bank AG now owns 13,858 shares of the company's stock worth $260,000 after purchasing an additional 1,223 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Flowco by 95.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company's stock worth $47,000 after purchasing an additional 1,292 shares during the last quarter. Parallel Advisors LLC boosted its position in Flowco by 8,929.4% during the 4th quarter. Parallel Advisors LLC now owns 1,535 shares of the company's stock valued at $29,000 after purchasing an additional 1,518 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in Flowco during the 4th quarter worth $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.

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