Flowco Holdings Inc. (NYSE:FLOC) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Flowco, with four buy, two hold and one sell rating among seven covering firms. The average 12-month price target is $28.40, although several analysts recently lowered ratings or price targets.
• Flowco reported quarterly EPS of $0.28, missing the $0.37 consensus estimate, while revenue reached $235.86 million. The stock recently traded at $18.49, below its 50-day and 200-day moving averages.
• The company paid a $0.14 special dividend on August 31, and institutional investors including Bank of America and Sei Investments increased their holdings during the first quarter.

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $28.40.

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

Institutional Investors Weigh In On Flowco

Large investors have recently modified their holdings of the stock. Sei Investments Co. grew its position in Flowco by 42.3% in the first quarter. Sei Investments Co. now owns 178,062 shares of the company's stock valued at $3,668,000 after acquiring an additional 52,961 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Flowco by 327.4% during the first 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 in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Flowco in the first quarter valued at $4,765,000. Emerald Advisers LLC acquired a new stake in Flowco during the 1st quarter valued at $7,971,000. Finally, Walleye Capital LLC purchased a new stake in Flowco during the 1st quarter worth $6,121,000.

Flowco Stock Performance

Shares of FLOC opened at $18.49 on Monday. Flowco has a 1 year low of $14.03 and a 1 year high of $28.26. The company's 50 day simple moving average is $20.80 and its 200 day simple moving average is $22.17. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.67.

Flowco (NYSE:FLOC - Get Free Report) last issued its quarterly 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 net margin of 6.07% and a return on equity of 35.21%. The business had revenue of $235.86 million during the quarter. On average, sell-side analysts predict that Flowco will post 1.28 EPS for the current year.

Flowco Announces Dividend

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

About Flowco

Flowco Holdings Inc is an energy-services company that provides production optimization and emissions-reduction solutions to oil and natural gas producers. The company focuses on technologies and services that help operators improve the performance, reliability and efficiency of producing wells.

Its offerings include artificial-lift systems, wellhead compression, vapor recovery and other equipment designed to support oil and gas production. Flowco also provides automation, monitoring and related field services intended to help customers manage production operations and reduce emissions from their assets.

Flowco serves customers across major U.S.

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