Flowco Holdings Inc. (NYSE:FLOC) Receives $29.20 Consensus Target Price from Analysts

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.20.

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Flowco from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Citigroup began coverage on Flowco in a research note on Thursday, May 28th. They issued a “neutral” rating and a $31.00 target price for the company. Piper Sandler reduced their target price on Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Flowco in a research note on Thursday, May 7th.

Institutional Investors Weigh In On Flowco

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Flowco by 6.9% during the third quarter. Vanguard Group Inc. now owns 1,848,250 shares of the company’s stock worth $27,447,000 after buying an additional 118,628 shares in the last quarter. Encompass Capital Advisors LLC boosted its position in shares of Flowco by 21.8% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,503,216 shares of the company’s stock valued at $28,170,000 after acquiring an additional 268,903 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Flowco by 26.4% during the fourth quarter. Schroder Investment Management Group now owns 869,500 shares of the company’s stock worth $16,329,000 after purchasing an additional 181,787 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Flowco by 16.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 721,349 shares of the company’s stock worth $13,518,000 after purchasing an additional 103,387 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Flowco in the fourth quarter worth approximately $12,753,000.

Flowco Stock Performance

Shares of FLOC stock opened at $22.65 on Friday. The firm’s 50 day moving average is $21.28 and its 200 day moving average is $22.67. The stock has a market capitalization of $2.05 billion, a P/E ratio of 18.27 and a beta of 0.90. Flowco has a 12 month low of $14.03 and a 12 month high of $28.26. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

Flowco (NYSE:FLOC) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $235.86 million during the quarter. Flowco had a net margin of 6.07% and a return on equity of 35.21%. On average, sell-side analysts anticipate that Flowco will post 1.42 earnings per share for the current year.

Flowco Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 21st. Flowco’s payout ratio is 29.03%.

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.