Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $19.67 and last traded at $20.03, with a volume of 17175 shares. The stock had previously closed at $21.97.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on FLOC. Pickering Energy Partners raised shares of Flowco to a "strong-buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. began coverage on shares of Flowco in a research note on Monday, February 10th. They issued an "overweight" rating and a $32.00 price target for the company. Evercore ISI started coverage on shares of Flowco in a research report on Monday, February 10th. They set an "outperform" rating and a $35.00 price target on the stock. Piper Sandler started coverage on Flowco in a research report on Monday, February 10th. They issued an "overweight" rating and a $34.00 price objective for the company. Finally, Fearnley Fonds upgraded Flowco to a "strong-buy" rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Flowco presently has an average rating of "Buy" and an average price target of $33.80.
Get Our Latest Analysis on Flowco
Flowco Stock Up 16.2 %
The business has a 50 day simple moving average of $25.02.
Flowco (NYSE:FLOC - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $1.88. The firm had revenue of $185.99 million for the quarter, compared to analyst estimates of $184.92 million. On average, research analysts forecast that Flowco Holdings Inc. will post 1.54 EPS for the current fiscal year.
Insider Activity at Flowco
In related news, Director Paul W. Hobby acquired 8,000 shares of Flowco stock in a transaction dated 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 completion of the purchase, the director now owns 23,625 shares in the company, valued at approximately $571,252.50. The trade was a 51.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
About Flowco
(
Get Free Report)
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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