Flowco Holdings Inc. (NYSE:FLOC – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.09 per share on Tuesday, November 24th. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 13th.
Flowco has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Flowco to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.8%.
Flowco Trading Down 1.3%
Shares of FLOC opened at $20.59 on Wednesday. The firm has a market cap of $1.86 billion, a P/E ratio of 15.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.19 and a quick ratio of 1.99. Flowco has a 1 year low of $15.72 and a 1 year high of $28.26. The company has a 50 day simple moving average of $19.67 and a two-hundred day simple moving average of $21.81.
Flowco (NYSE:FLOC – Get Free Report) last released its 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 33.93% and a net margin of 6.36%. The company had revenue of $235.86 million during the quarter. On average, equities analysts expect that Flowco will post 1.36 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Flowco from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Citigroup reduced their target price on Flowco from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Piper Sandler decreased their target price on Flowco from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Flowco has a consensus rating of “Moderate Buy” and a consensus target price of $28.75.
Check Out Our Latest Report on FLOC
Flowco Company Profile
Flowco Holdings, Inc. provides production optimization and artificial-lift solutions to oil and natural gas companies. Its equipment and services help operators maintain or increase well production, including gas-lift and plunger-lift systems, wellhead compression, and related field services. The company also offers methane-abatement and emissions-management solutions, including vapor recovery equipment designed to capture gases that might otherwise be released into the atmosphere. Flowco serves customers in the United States and select international markets.
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