Flowco Holdings Inc. (NYSE:FLOC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts assign a "Moderate Buy" consensus on Flowco (4 buys, 2 holds) with an average 1‑year price target of $29.00.
• Director Jonathan B. Fairbanks sold 1,170,000 shares on March 26 at an average of $21.18 (≈$24.78M), while insiders collectively own about 69.76% of the stock.
• Flowco raised its quarterly dividend to $0.09 (from $0.08), implying a $0.36 annualized payout and a ~1.5% yield with a payout ratio of 27.12%.

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $29.00.

Several brokerages have issued reports on FLOC. Jefferies Financial Group reissued a "buy" rating and set a $33.00 price objective on shares of Flowco in a research report on Thursday. Weiss Ratings raised shares of Flowco from a "sell (d)" rating to a "hold (c)" rating in a report on Friday, May 1st. Zacks Research downgraded shares of Flowco from a "strong-buy" rating to a "hold" rating in a report on Monday. Wall Street Zen downgraded shares of Flowco from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets lifted their target price on shares of Flowco from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd.

Insider Buying and Selling at Flowco

In other news, Director Jonathan B. Fairbanks sold 1,170,000 shares of Flowco stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $21.18, for a total value of $24,780,600.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 69.76% of the stock is currently owned by insiders.

Institutional Trading of Flowco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Verition Fund Management LLC lifted its stake in shares of 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 purchasing an additional 1,012 shares during the period. Deutsche Bank AG lifted its stake in shares of Flowco by 9.7% in the fourth quarter. Deutsche Bank AG now owns 13,858 shares of the company's stock valued at $260,000 after purchasing an additional 1,223 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Flowco by 95.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company's stock valued at $47,000 after purchasing an additional 1,292 shares during the period. Parallel Advisors LLC lifted its stake in shares of Flowco by 8,929.4% in the fourth 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 acquired a new stake in shares of Flowco in the fourth quarter valued at about $29,000.

Flowco Trading Up 1.3%

Shares of Flowco stock opened at $24.56 on Friday. Flowco has a 1 year low of $14.03 and a 1 year high of $25.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.42 and a current ratio of 3.34. The company has a market capitalization of $2.20 billion, a P/E ratio of 20.99 and a beta of 0.96. The company's fifty day moving average is $22.80 and its two-hundred day moving average is $20.17.

Flowco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Flowco's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.5%. Flowco's payout ratio is presently 27.12%.

Flowco Company Profile

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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