Flowco Holdings Inc. (FLOC) to Distribute Quarterly Dividend of $0.09 on August 26th

Flowco Holdings Inc. (NYSE:FLOC) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.09 per share on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 14th.

Flowco has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Flowco to earn $1.77 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 20.3%.

Flowco Stock Performance

Shares of FLOC stock opened at $20.44 on Friday. Flowco has a 12-month low of $14.03 and a 12-month high of $28.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.09 and a quick ratio of 1.48. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 17.47 and a beta of 0.89. The business has a 50 day simple moving average of $21.85 and a 200 day simple moving average of $22.46.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FLOC shares. Wall Street Zen lowered Flowco from a “buy” rating to a “hold” rating in a research report on Saturday. 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. Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 target price on shares of Flowco in a research report on Thursday, May 7th. Zacks Research downgraded shares of Flowco from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Flowco has a consensus rating of “Moderate Buy” and an average target price of $29.20.

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.