Flowco Holdings Inc. (NYSE:FLOC) Receives $28.25 Average Target Price from Brokerages

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.25.

A number of research firms have recently commented on FLOC. Wall Street Zen upgraded Flowco from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Flowco in a research note on Monday, February 2nd. BMO Capital Markets increased their price objective on Flowco from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a research report on Friday, January 9th. Finally, Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th.

Flowco Stock Performance

Flowco stock opened at $21.75 on Thursday. Flowco has a fifty-two week low of $14.03 and a fifty-two week high of $26.51. The stock’s 50 day simple moving average is $21.97 and its two-hundred day simple moving average is $18.53. 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 stock has a market cap of $1.95 billion, a price-to-earnings ratio of 18.43 and a beta of -0.16.

Flowco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 13th. Flowco’s dividend payout ratio is 27.12%.

Insider Buying and Selling at Flowco

In other news, EVP Chad Roberts sold 54,706 shares of Flowco stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $22.39, for a total transaction of $1,224,867.34. Following the completion of the transaction, the executive vice president directly owned 67,008 shares in the company, valued at approximately $1,500,309.12. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 134,790 shares of company stock worth $2,878,137 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLOC. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 1,518 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Flowco in the 4th quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new position in Flowco in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after purchasing an additional 1,292 shares during the last quarter. Finally, CWM LLC grew its position in Flowco by 183.6% during the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after purchasing an additional 2,374 shares during 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. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.