Flowco (NYSE:FLOC) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Flowco (NYSE:FLOC) to a "strong-buy" from "hold," joining other positive analyst moves (e.g., Wall Street Zen upgrade; Piper Sandler raised its target to $32) and leaving a MarketBeat consensus of "Moderate Buy" with an average price target of $28.25.
• Significant insider selling: Director Jonathan B. Fairbanks sold 7.8 million shares for about $165.2 million on March 23, and insiders sold roughly 9,104,790 shares valued at $192.9 million in the last quarter.
• Stock snapshot: shares opened at $20.56 (market cap ≈ $1.84B, P/E 17.4), with a 1‑year range of $14.03–$24.91 and 50/200‑day moving averages of $22.16 and $18.85, respectively.

Flowco (NYSE:FLOC - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on FLOC. Wall Street Zen upgraded shares of Flowco from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Piper Sandler upped their target price on Flowco from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Flowco in a research report on Friday, January 9th. BMO Capital Markets boosted 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. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $30.00 price objective on shares of Flowco in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.25.

Flowco Stock Up 2.9%

Flowco stock opened at $20.56 on Wednesday. The company has a current ratio of 3.34, a quick ratio of 1.42 and a debt-to-equity ratio of 0.78. Flowco has a 1-year low of $14.03 and a 1-year high of $24.91. The company has a fifty day simple moving average of $22.16 and a 200 day simple moving average of $18.85. The company has a market cap of $1.84 billion, a P/E ratio of 17.42 and a beta of 0.18.

Insider Transactions at Flowco

In other news, EVP Chad Roberts sold 54,706 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $1,500,309.12. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan B. Fairbanks sold 7,800,000 shares of Flowco stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $21.18, for a total value of $165,204,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,104,790 shares of company stock valued at $192,862,737 in the last quarter.

Institutional Investors Weigh In On Flowco

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Flowco during the first quarter worth $298,000. Goldman Sachs Group Inc. bought a new position in shares of Flowco in the first quarter valued at about $878,000. Woodline Partners LP acquired a new stake in shares of Flowco during the 1st quarter worth about $1,282,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Flowco during the 1st quarter worth about $3,070,000. Finally, Strs Ohio acquired a new position in Flowco in the 1st quarter valued at about $92,000.

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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