Flowco Holdings Inc. (NYSE:FLOC) Receives Consensus Recommendation of “Hold” from Brokerages

Flowco Holdings Inc. (NYSE:FLOC) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One 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 target among brokers that have issued a report on the stock in the last year is $28.40.

A number of research firms have recently weighed in on FLOC. Zacks Research downgraded shares of Flowco from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Citigroup reduced their price objective on Flowco from $30.81 to $27.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. 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. Finally, Wall Street Zen lowered Flowco from a “buy” rating to a “hold” rating in a research note on Monday, August 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Flowco during the 1st quarter valued at $369,000. Y Intercept Hong Kong Ltd bought a new position in Flowco in the 1st quarter worth about $602,000. Corient Private Wealth LP purchased a new position in Flowco during the 2nd quarter valued at about $898,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Flowco during the first quarter valued at about $1,099,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of Flowco in the first quarter worth about $2,060,000.

Flowco Price Performance

Shares of NYSE:FLOC opened at $20.51 on Thursday. The company has a market capitalization of $1.85 billion, a P/E ratio of 16.54 and a beta of 0.94. The company’s 50-day moving average is $21.11 and its 200 day moving average is $22.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.67. Flowco has a fifty-two week low of $14.03 and a fifty-two week high of $28.26.

Flowco (NYSE:FLOC) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $235.86 million for the quarter. Flowco had a return on equity of 35.21% and a net margin of 6.07%. On average, equities research analysts forecast that Flowco will post 1.42 earnings per share for the current year.

Flowco Announces Dividend

The company also recently disclosed 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 was Friday, August 21st. Flowco’s payout ratio is currently 29.03%.

About Flowco

Flowco Holdings Inc is an oilfield services company that provides artificial lift and production optimization solutions to the onshore oil and natural gas industry. Its offerings are designed to help energy producers improve well performance, increase production and manage operating costs over the life of a well.

The company provides equipment and services used in artificial lift applications, including gas lift and plunger lift systems, as well as wellhead compression and related production-management technologies.