Flowco Holdings Inc.’s (NYSE:FLOC) Quiet Period Set To End on February 25th

Flowco’s (NYSE:FLOC) quiet period will end on Tuesday, February 25th. Flowco had issued 17,800,000 shares in its initial public offering on January 16th. The total size of the offering was $427,200,000 based on an initial share price of $24.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

A number of brokerages recently issued reports on FLOC. Jefferies Financial Group began coverage on Flowco in a research report on Monday, February 10th. They issued a “buy” rating and a $35.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Flowco in a research note on Monday, February 10th. They set an “overweight” rating and a $32.00 price target for the company. Piper Sandler started coverage on shares of Flowco in a research report on Monday, February 10th. They issued an “overweight” rating and a $34.00 price objective on the stock. BMO Capital Markets assumed coverage on Flowco in a research note on Monday, February 10th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Evercore ISI initiated coverage on Flowco in a research note on Monday, February 10th. They set an “outperform” rating and a $35.00 price target for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Flowco currently has a consensus rating of “Buy” and a consensus target price of $33.80.

Flowco Stock Up 0.2 %

Shares of FLOC stock opened at $26.31 on Tuesday. Flowco has a one year low of $25.62 and a one year high of $30.50.

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.