Flowco Holdings Inc. (NYSE:FLOC) Receives Average Recommendation of "Buy" from Brokerages

Shares of Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) have been given an average recommendation of "Buy" by the seven research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.80.

Several equities research analysts have weighed in on FLOC shares. Piper Sandler started coverage on Flowco in a report on Monday, February 10th. They set an "overweight" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Flowco in a report on Monday, February 10th. They set an "overweight" rating and a $32.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Flowco in a research report on Monday, February 10th. They set a "buy" rating and a $35.00 price objective for the company. Evercore ISI assumed coverage on Flowco in a research note on Monday, February 10th. They issued an "outperform" rating and a $35.00 price target on the stock. Finally, Pickering Energy Partners raised Flowco to a "strong-buy" rating in a research report on Monday, February 10th.

Insider Buying and Selling at Flowco

In other Flowco news, Director Paul W. Hobby acquired 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of $24.18 per share, for a total transaction of $193,440.00. Following the transaction, the director now directly owns 23,625 shares of the company's stock, valued at approximately $571,252.50. This represents a 51.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Flowco

Several institutional investors and hedge funds have recently modified their holdings of the company. Praxis Investment Management Inc. acquired a new stake in shares of Flowco during the first quarter worth $1,210,000. Yorktown Management & Research Co Inc purchased a new stake in Flowco in the 1st quarter valued at about $218,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of Flowco during the 1st quarter valued at about $7,827,000.

Flowco Trading Up 3.8 %

NYSE:FLOC opened at $20.52 on Monday. The company has a fifty day simple moving average of $22.73. Flowco has a 52 week low of $16.69 and a 52 week high of $30.50.

Flowco (NYSE:FLOC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $1.88. The company had revenue of $185.99 million for the quarter, compared to analysts' expectations of $184.92 million. On average, research analysts predict that Flowco will post 1.54 EPS for the current fiscal year.

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.

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