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

Key Points

• Flowco Holdings Inc. has received a consensus rating of "Moderate Buy" from nine analysts, with a twelve-month price target averaging $29.40.
• The company reported an earnings per share (EPS) of $1.26 for the last quarter, significantly exceeding the consensus estimate of $0.32.
• Flowco recently announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 2.2% and a payout ratio of 17.39%.

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.40.

FLOC has been the topic of several recent analyst reports. Evercore ISI reduced their price target on shares of Flowco from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Piper Sandler reduced their price target on shares of Flowco from $33.00 to $28.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Jefferies Financial Group set a $28.00 price target on shares of Flowco and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Zacks Research raised shares of Flowco from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Flowco in a report on Tuesday, October 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company's stock worth $47,000 after acquiring an additional 1,292 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Flowco by 38.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company's stock valued at $85,000 after buying an additional 1,317 shares in the last quarter. CWM LLC boosted its holdings in shares of Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company's stock valued at $54,000 after buying an additional 2,374 shares in the last quarter. Strs Ohio bought a new stake in shares of Flowco in the 1st quarter valued at about $92,000. Finally, Rhumbline Advisers boosted its holdings in shares of Flowco by 17.0% in the 2nd quarter. Rhumbline Advisers now owns 29,473 shares of the company's stock valued at $525,000 after buying an additional 4,276 shares in the last quarter.

Flowco Trading Up 1.0%

Shares of FLOC opened at $14.62 on Monday. The company has a market cap of $1.32 billion and a P/E ratio of 7.95. Flowco has a twelve month low of $14.03 and a twelve month high of $30.50. The company's fifty day simple moving average is $15.66 and its 200-day simple moving average is $17.61. The company has a current ratio of 3.25, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19.

Flowco (NYSE:FLOC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.32 by $0.94. The company had revenue of $193.21 million during the quarter, compared to analysts' expectations of $190.16 million. As a group, analysts expect that Flowco will post 1.54 EPS for the current year.

Flowco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 15th. Flowco's dividend payout ratio is presently 17.39%.

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.

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