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

Key Points

• Analysts maintain a Moderate Buy consensus on Flowco, with four buy ratings and three holds. The average 12-month price target is $28.40, compared with the stock’s latest price of $20.08.
• Recent analyst actions were mixed: Piper Sandler maintained an overweight rating despite lowering its target to $31, while Citigroup cut its target to $27 and assigned a neutral rating; other firms mostly moved ratings toward hold.
• Flowco reported quarterly EPS of $0.28, missing the $0.37 consensus estimate, on revenue of $235.86 million. The company also paid a special dividend of $0.14 per share.

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.40.

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Flowco from a "buy" rating to a "hold" rating in a research report on Sunday, October 25th. Piper Sandler decreased their price objective on Flowco from $32.00 to $31.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Citigroup lowered 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. Weiss Ratings upgraded Flowco from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, Zacks Research raised Flowco from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th.

Institutional Trading of Flowco

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings 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 worth $166,000 after purchasing an additional 1,557 shares during the last quarter. Corient Private Wealth LP purchased a new stake in Flowco in the 2nd quarter valued at about $898,000. Bank of America Corp DE increased its stake in Flowco by 327.4% in the 1st quarter. Bank of America Corp DE now owns 472,195 shares of the company's stock valued at $9,727,000 after buying an additional 361,721 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Flowco by 24.4% during the 1st quarter. Lazard Asset Management LLC now owns 128,118 shares of the company's stock worth $2,639,000 after buying an additional 25,144 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of Flowco by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 165,802 shares of the company's stock worth $3,416,000 after buying an additional 3,009 shares in the last quarter.

Flowco Stock Performance

FLOC opened at $20.08 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company's fifty day moving average price is $19.96 and its two-hundred day moving average price is $21.83. Flowco has a 1-year low of $15.71 and a 1-year high of $28.26. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 16.19 and a beta of 1.04.

Flowco (NYSE:FLOC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 earnings per share (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 business had revenue of $235.86 million for the quarter. On average, analysts expect that Flowco will post 1.29 EPS for the current fiscal year.

Flowco Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.14 per share. 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 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.

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