Flowco Holdings Inc. (NYSE:FLOC) Stock Has Average Price Target of $28.40

Flowco Holdings Inc. (NYSE:FLOC) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.40.

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

Flowco Trading Down 0.2%

NYSE FLOC opened at $19.42 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.67 and a quick ratio of 1.33. The firm’s fifty day moving average price is $20.74 and its 200 day moving average price is $22.03. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.66 and a beta of 1.04. Flowco has a 12 month low of $14.03 and a 12 month high of $28.26.

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

Flowco Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.14 dividend. The ex-dividend date was Friday, August 21st. Flowco’s payout ratio is currently 29.03%.

Institutional Investors Weigh In On Flowco

Several large investors have recently modified their holdings of the company. Sei Investments Co. grew its position in shares of Flowco by 42.3% during the first quarter. Sei Investments Co. now owns 178,062 shares of the company’s stock worth $3,668,000 after acquiring an additional 52,961 shares during the last quarter. Bank of America Corp DE raised its position in Flowco by 327.4% in the 1st quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock valued at $9,727,000 after purchasing an additional 361,721 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Flowco in the 1st quarter valued at $4,765,000. Emerald Advisers LLC acquired a new stake in Flowco during the 1st quarter worth $7,971,000. Finally, Walleye Capital LLC acquired a new stake in Flowco during the 1st quarter worth $6,121,000.

Flowco Company Profile

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.