Weiss Ratings Reiterates "Sell (D-)" Rating for Flowco (NYSE:FLOC)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Flowco (NYSE:FLOC), indicating ongoing concerns about the company's performance in the market.
• Despite the negative outlook from Weiss Ratings, other firms like Zacks Research have upgraded their ratings, reflecting a mix of opinions with an overall average rating of "Moderate Buy" and a price target of $29.40.
• Flowco's stock has experienced slight declines, recently trading at $14.51, while the company reported impressive earnings of $1.26 per share that exceeded analysts' expectations.

Flowco (NYSE:FLOC - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

A number of other research firms have also recently commented on FLOC. Zacks Research upgraded shares of Flowco from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Evercore ISI lowered their target price on shares of Flowco from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group set a $28.00 target price on shares of Flowco and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Piper Sandler lowered their target price on shares of Flowco from $33.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.40.

Flowco Stock Down 0.1%

Shares of NYSE:FLOC traded down $0.02 during trading on Tuesday, reaching $14.51. The stock had a trading volume of 96,741 shares, compared to its average volume of 419,262. Flowco has a one year low of $14.03 and a one year high of $30.50. The company has a market capitalization of $1.31 billion and a P/E ratio of 7.90. The company has a current ratio of 3.25, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. The firm's 50-day simple moving average is $15.79 and its 200 day simple moving average is $17.87.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 increased its stake 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 purchasing an additional 1,317 shares in the last quarter. Strs Ohio purchased a new position in shares of Flowco in the 1st quarter valued at about $92,000. Rhumbline Advisers increased its stake 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 purchasing an additional 4,276 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Flowco by 0.8% in the 2nd quarter. Loomis Sayles & Co. L P now owns 641,411 shares of the company's stock valued at $11,424,000 after purchasing an additional 4,984 shares in the last quarter.

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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