Flowco Holdings Inc. (NYSE:FLOC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Flowco Holdings Inc. (NYSE:FLOC) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $29.20.

FLOC has been the topic of a number of analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Flowco in a research note on Thursday, November 6th. Zacks Research downgraded shares of Flowco from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Piper Sandler reissued an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a report on Friday, January 9th.

Flowco Stock Down 1.4%

FLOC opened at $20.46 on Wednesday. Flowco has a 12 month low of $14.03 and a 12 month high of $29.57. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $18.49 and its 200-day moving average price is $17.12. The company has a market cap of $1.83 billion and a P/E ratio of 6.82.

Flowco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, November 14th. Flowco’s payout ratio is currently 10.67%.

Insider Buying and Selling

In other Flowco news, EVP Chad Roberts sold 55,173 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $18.26, for a total value of $1,007,458.98. Following the completion of the sale, the executive vice president owned 332,327 shares in the company, valued at approximately $6,068,291.02. This trade represents a 14.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 155,667 shares of company stock worth $3,023,566.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLOC. JPMorgan Chase & Co. boosted its position in shares of Flowco by 57.9% during the third quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,206,020 shares in the last quarter. American Century Companies Inc. lifted its position in Flowco by 1.5% during the third quarter. American Century Companies Inc. now owns 2,770,917 shares of the company’s stock valued at $41,148,000 after buying an additional 40,479 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Flowco by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,848,250 shares of the company’s stock valued at $27,447,000 after buying an additional 118,628 shares in the last quarter. Encompass Capital Advisors LLC grew its position in shares of Flowco by 84.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 984,301 shares of the company’s stock worth $17,530,000 after buying an additional 449,498 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Flowco by 37.6% in the 3rd quarter. Schroder Investment Management Group now owns 687,713 shares of the company’s stock worth $10,522,000 after acquiring an additional 187,827 shares in 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.