Flowco (NYSE:FLOC – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.
FLOC has been the topic of a number of other reports. Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Zacks Research upgraded shares of Flowco from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Piper Sandler reduced their price objective on shares of Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Finally, Citigroup decreased their target price on shares of Flowco from $30.81 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.40.
View Our Latest Stock Report on Flowco
Flowco Stock Performance
Shares of FLOC stock opened at $18.80 on Friday. Flowco has a 12-month low of $14.06 and a 12-month high of $28.26. 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 has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.16 and a beta of 1.04. The business has a 50 day simple moving average of $20.55 and a 200 day simple moving average of $21.94.
Flowco (NYSE:FLOC – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Flowco had a net margin of 6.07% and a return on equity of 35.21%. The business had revenue of $235.86 million for the quarter. On average, equities research analysts anticipate that Flowco will post 1.29 EPS for the current year.
Institutional Trading of Flowco
Hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Advisers LLC bought a new stake in Flowco in the first quarter worth about $7,971,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 361,721 shares during the last quarter. Walleye Capital LLC acquired a new stake in Flowco in the 1st quarter valued at about $6,121,000. Renaissance Technologies LLC boosted its position in shares of Flowco by 237.6% during the 1st quarter. Renaissance Technologies LLC now owns 396,000 shares of the company’s stock valued at $8,158,000 after purchasing an additional 278,700 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Flowco during the 1st quarter valued at about $4,765,000.
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.
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