Flowco Holdings Inc. (NYSE:FLOC) Receives Average Recommendation of “Buy” from Brokerages

Flowco Holdings Inc. (NYSE:FLOC) has earned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.80.

Several research analysts have commented on FLOC shares. BMO Capital Markets initiated coverage on shares of Flowco in a report on Monday, February 10th. They issued an “outperform” rating and a $33.00 price objective for the company. Pickering Energy Partners raised shares of Flowco to a “strong-buy” rating in a research report on Monday, February 10th. Jefferies Financial Group began coverage on shares of Flowco in a research report on Monday, February 10th. They set a “buy” rating and a $35.00 price target for the company. Piper Sandler began coverage on shares of Flowco in a report on Monday, February 10th. They issued an “overweight” rating and a $34.00 price objective on the stock. Finally, Evercore ISI began coverage on Flowco in a research report on Monday, February 10th. They issued an “outperform” rating and a $35.00 price target on the stock.

Flowco Trading Down 1.3 %

NYSE FLOC opened at $24.30 on Thursday. The business has a 50-day simple moving average of $25.94. Flowco has a 1 year low of $21.31 and a 1 year high of $30.50.

Flowco (NYSE:FLOC) last posted its earnings results on Tuesday, March 18th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $1.88. The business had revenue of $185.99 million for the quarter, compared to analysts’ expectations of $184.92 million. As a group, analysts anticipate that Flowco will post 1.54 EPS for the current fiscal year.

Insider Buying and Selling at Flowco

In related news, Director Paul W. Hobby purchased 8,000 shares of Flowco stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $24.18 per share, for a total transaction of $193,440.00. Following the completion of the purchase, the director now directly owns 23,625 shares of the company’s stock, valued at $571,252.50. The trade was a 51.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.