Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have been given an average recommendation of "Buy" by the seven analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.80.
FLOC has been the topic of a number of recent analyst reports. Piper Sandler assumed coverage on Flowco in a report on Monday, February 10th. They issued an "overweight" rating and a $34.00 price objective on the stock. Evercore ISI initiated coverage on shares of Flowco in a research note on Monday, February 10th. They set an "outperform" rating and a $35.00 price target on the stock. Fearnley Fonds upgraded Flowco to a "strong-buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. started coverage on Flowco in a research report on Monday, February 10th. They issued an "overweight" rating and a $32.00 price objective for the company. Finally, BMO Capital Markets initiated coverage on Flowco in a research note on Monday, February 10th. They set an "outperform" rating and a $33.00 price target for the company.
View Our Latest Stock Analysis on Flowco
Flowco Trading Up 1.0 %
FLOC stock traded up $0.19 during trading on Thursday, hitting $19.06. The stock had a trading volume of 523,318 shares, compared to its average volume of 549,379. The business's 50-day moving average price is $25.47. Flowco has a twelve month low of $17.77 and a twelve month high of $30.50.
Flowco (NYSE:FLOC - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $1.88. The firm had revenue of $185.99 million for the quarter, compared to analysts' expectations of $184.92 million. As a group, equities analysts forecast that Flowco will post 1.54 EPS for the current fiscal year.
Insider Buying and Selling at Flowco
In related news, Director Paul W. Hobby bought 8,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $24.18 per share, with a total value of $193,440.00. Following the completion of the acquisition, the director now owns 23,625 shares of the company's stock, valued at $571,252.50. This trade represents a 51.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Flowco
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Get Free ReportWe 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.
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