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

Key Points

• Flowco has a consensus analyst rating of "Moderate Buy" from seven firms (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 1‑year target price of $28.25.
• Several brokers recently raised ratings/targets—Piper Sandler raised its target to $32 (overweight), BMO to $26 (outperform) and Wall Street Zen upgraded to buy—while Weiss Ratings reaffirmed a sell.
• The shares opened at $23.61 with a market cap of $2.12B and a P/E of 20; Flowco pays a quarterly dividend of $0.08 (≈1.4% yield) and has seen notable insider selling, including EVP Chad Roberts selling 54,706 shares and insiders offloading $2.88M in the last quarter.

Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.25.

A number of research firms have commented on FLOC. Piper Sandler boosted their price target on shares of Flowco from $28.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of Flowco from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. BMO Capital Markets increased their price target on Flowco from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flowco in a report on Friday, January 9th. Finally, Zacks Research raised Flowco from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th.

Flowco Stock Up 2.1%

FLOC opened at $23.61 on Thursday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.00 and a beta of -0.16. 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 firm's 50-day simple moving average is $21.83 and its 200-day simple moving average is $18.43. Flowco has a twelve month low of $14.03 and a twelve month high of $26.51.

Flowco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, February 13th. Flowco's dividend payout ratio is presently 27.12%.

Insider Activity at Flowco

In related news, EVP Chad Roberts sold 54,706 shares of Flowco stock in a transaction dated Tuesday, February 3rd. The stock was 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 in the company, valued at $1,500,309.12. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 134,790 shares of company stock worth $2,878,137 over the last quarter.

Institutional Investors Weigh In On Flowco

Several institutional investors have recently modified their holdings of FLOC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Flowco in the first quarter valued at approximately $298,000. Goldman Sachs Group Inc. acquired a new stake in Flowco during the 1st quarter worth $878,000. Woodline Partners LP bought a new stake in shares of Flowco during the 1st quarter valued at $1,282,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Flowco in the 1st quarter valued at $3,070,000. Finally, Strs Ohio bought a new position in shares of Flowco in the 1st quarter worth $92,000.

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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