Brokerages Set Flowco Holdings Inc. (NYSE:FLOC) Target Price at $27.25

Shares of Flowco Holdings Inc. (NYSE:FLOC) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.25.

A number of research firms have recently weighed in on FLOC. Jefferies Financial Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Flowco in a research note on Monday, February 2nd. Evercore restated an “outperform” rating and issued a $25.00 price target on shares of Flowco in a research note on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Flowco in a research report on Friday, January 9th. Finally, BMO Capital Markets raised their target price 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.

Flowco Stock Down 1.0%

FLOC opened at $22.38 on Friday. Flowco has a fifty-two week low of $14.03 and a fifty-two week high of $26.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.33 and a current ratio of 2.90. The stock has a market cap of $2.01 billion and a price-to-earnings ratio of 7.46. The firm’s fifty day moving average is $20.34 and its 200 day moving average is $17.65.

Flowco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. Flowco’s payout ratio is 10.67%.

Insider Buying and Selling

In other Flowco news, EVP Chad Roberts sold 54,706 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total transaction of $1,224,867.34. Following the completion of the transaction, the executive vice president owned 67,008 shares in the company, valued at $1,500,309.12. This trade represents a 44.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 163,500 shares of company stock worth $3,419,009 over the last three months.

Institutional Investors Weigh In On Flowco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLOC. Parallel Advisors LLC grew its holdings in shares of Flowco by 8,929.4% in the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock worth $29,000 after purchasing an additional 1,518 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Flowco in the 4th quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Flowco during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its stake in shares of Flowco by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after acquiring an additional 1,292 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Flowco by 183.6% in the third quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after purchasing an additional 2,374 shares during the period.

About Flowco

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.