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

Key Points

• Consensus "Moderate Buy": Six brokerages rate FLOC a consensus "Moderate Buy" (1 sell, 4 buy, 1 strong buy) with an average 12‑month price target of $28.25 and recent upgrades including Piper Sandler raising its target to $32 and Wall Street Zen and Zacks moving to "strong buy".
• Heavy insider selling despite high insider ownership: Insiders sold 9,073,890 shares valued at $192.3M over the past three months — including a 1.17M‑share sale by director Jonathan B. Fairbanks — even though insiders still own 69.76% of the stock.
• Valuation and dividend: FLOC trades near $22.78 with a $2.04B market cap and a PE of 19.3, and pays a $0.08 quarterly dividend (1.4% yield, ~27% payout ratio).

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.25.

FLOC has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Flowco in a report on Friday, January 9th. Piper Sandler increased their price target on Flowco from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, March 6th. BMO Capital Markets increased their price target on Flowco from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Wall Street Zen raised Flowco from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. Finally, Zacks Research raised Flowco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 1st.

Flowco Trading Down 0.0%

Shares of FLOC stock opened at $22.78 on Monday. Flowco has a 12 month low of $14.03 and a 12 month high of $24.91. The company has a quick ratio of 1.42, a current ratio of 3.34 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $22.25 and its two-hundred day moving average is $19.12. The company has a market cap of $2.04 billion, a PE ratio of 19.31 and a beta of 0.18.

Flowco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Flowco's dividend payout ratio is currently 27.12%.

Insider Activity at Flowco

In other news, Director Jonathan B. Fairbanks sold 1,170,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $21.18, for a total value of $24,780,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Chad Roberts sold 54,706 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $22.39, for a total value of $1,224,867.34. Following the completion of the sale, the executive vice president directly owned 67,008 shares of the company's stock, valued at $1,500,309.12. This represents a 44.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,073,890 shares of company stock valued at $192,265,282 over the last three months. 69.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flowco

Several hedge funds have recently modified their holdings of the business. Verition Fund Management LLC boosted its position 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 acquiring an additional 1,012 shares during the period. Deutsche Bank AG lifted its position in Flowco by 9.7% in the fourth 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 position in Flowco by 95.6% in the second 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 period. Parallel Advisors LLC lifted its position in Flowco by 8,929.4% in the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company's stock worth $29,000 after purchasing an additional 1,518 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in Flowco in the fourth 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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