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

Flowco Holdings Inc. (NYSE:FLOC) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.25.

Several brokerages recently weighed in on FLOC. Weiss Ratings restated a “sell (d-)” rating on shares of Flowco in a research note on Friday, January 9th. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $30.00 target price on shares of Flowco in a research note on Monday, February 2nd. BMO Capital Markets upped their price target on shares of Flowco from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Evercore reiterated an “outperform” rating and set a $25.00 price objective on shares of Flowco in a research note on Thursday, November 6th.

Insider Buying and Selling at Flowco

In other news, EVP Chad Roberts sold 54,706 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total value of $1,224,867.34. Following the transaction, the executive vice president directly owned 67,008 shares of the company’s stock, valued at approximately $1,500,309.12. This represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 163,500 shares of company stock valued at $3,419,009 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Flowco by 57.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,206,020 shares during the period. American Century Companies Inc. boosted its holdings in Flowco by 1.5% during the third quarter. American Century Companies Inc. now owns 2,770,917 shares of the company’s stock worth $41,148,000 after buying an additional 40,479 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 grew its position in Flowco by 21.8% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,503,216 shares of the company’s stock valued at $28,170,000 after buying an additional 268,903 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Flowco by 26.4% in the fourth quarter. Schroder Investment Management Group now owns 869,500 shares of the company’s stock valued at $16,329,000 after buying an additional 181,787 shares in the last quarter.

Flowco Stock Performance

Flowco stock opened at $23.37 on Friday. The company’s 50-day moving average price is $20.16 and its 200-day moving average price is $17.55. The company has a market cap of $2.10 billion and a PE ratio of 7.79. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. Flowco has a twelve month low of $14.03 and a twelve month high of $27.43.

Flowco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Flowco’s payout ratio is currently 10.67%.

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.