Flowco Holdings Inc. (NYSE:FLOC) Stock Has Consensus Target Price of $28.40 According to Brokerages

Flowco Holdings Inc. (NYSE:FLOC) has received an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.40.

A number of analysts have recently issued reports on FLOC shares. Wall Street Zen downgraded shares of Flowco from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Piper Sandler dropped their price target on shares of Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Citigroup decreased their price target on shares of Flowco from $30.81 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. Zacks Research cut shares of Flowco from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th.

Institutional Investors Weigh In On Flowco

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP bought a new stake in shares of Flowco in the second quarter valued at about $898,000. Bank of America Corp DE increased its holdings in Flowco by 327.4% during the first quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock valued at $9,727,000 after buying an additional 361,721 shares during the period. Lazard Asset Management LLC raised its stake in Flowco by 24.4% in the first quarter. Lazard Asset Management LLC now owns 128,118 shares of the company’s stock worth $2,639,000 after buying an additional 25,144 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Flowco by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 165,802 shares of the company’s stock valued at $3,416,000 after acquiring an additional 3,009 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Flowco by 237.6% in the first quarter. Renaissance Technologies LLC now owns 396,000 shares of the company’s stock valued at $8,158,000 after purchasing an additional 278,700 shares during the last quarter.

Flowco Stock Performance

Shares of FLOC opened at $19.11 on Monday. Flowco has a 52 week low of $14.03 and a 52 week high of $28.26. The stock has a market cap of $1.73 billion, a P/E ratio of 15.41 and a beta of 1.04. The business’s 50 day moving average price is $20.77 and its 200-day moving average price is $22.07. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.84.

Flowco (NYSE:FLOC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $235.86 million for the quarter. Flowco had a net margin of 6.07% and a return on equity of 35.21%. Equities research analysts anticipate that Flowco will post 1.28 earnings per share for the current fiscal year.

Flowco Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 21st. Flowco’s dividend payout ratio (DPR) is currently 29.03%.

About Flowco

Flowco Holdings Inc is an energy-services company that provides production optimization and emissions-reduction solutions to oil and natural gas producers. The company focuses on technologies and services that help operators improve the performance, reliability and efficiency of producing wells.

Its offerings include artificial-lift systems, wellhead compression, vapor recovery and other equipment designed to support oil and gas production. Flowco also provides automation, monitoring and related field services intended to help customers manage production operations and reduce emissions from their assets.

Flowco serves customers across major U.S.