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

Key Points

• Analysts have a “Moderate Buy” consensus on Flowco, with four buy ratings and three holds. The average 12-month price target is $29.20, above the stock’s reported price of $23.62.
• Flowco reported quarterly EPS of $0.28, missing the $0.37 consensus estimate, while revenue reached $235.86 million. Analysts expect full-year EPS of approximately $1.51.
• The company declared a $0.14 special dividend, payable August 31 to shareholders of record August 21.

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $29.20.

FLOC has been the subject of several research analyst reports. Weiss Ratings lowered shares of Flowco from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Citigroup assumed coverage on shares of Flowco in a report on Thursday, May 28th. They issued a "neutral" rating and a $31.00 price target on the stock. Zacks Research cut shares of Flowco from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Flowco from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $33.00 target price on shares of Flowco in a research note on Thursday, May 7th.

Hedge Funds Weigh In On Flowco

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its stake 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 buying an additional 1,518 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Flowco during the fourth quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Flowco during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of Flowco by 95.6% in 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 during the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Flowco in the 3rd quarter valued at $61,000.

Flowco Price Performance

Shares of NYSE FLOC opened at $23.62 on Friday. The stock's 50-day simple moving average is $21.38 and its two-hundred day simple moving average is $22.59. Flowco has a twelve month low of $14.03 and a twelve month high of $28.26. The firm has a market capitalization of $2.13 billion, a P/E ratio of 19.05 and a beta of 0.90. The company has a quick ratio of 1.48, a current ratio of 2.67 and a debt-to-equity ratio of 0.84.

Flowco (NYSE:FLOC - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $235.86 million for the quarter. Flowco had a net margin of 6.07% and a return on equity of 35.21%. As a group, equities analysts anticipate that Flowco will post 1.51 EPS for the current fiscal year.

Flowco Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.14 dividend. The ex-dividend date is Friday, August 21st. Flowco's dividend payout ratio is presently 29.03%.

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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