Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $16.69 and last traded at $20.20, with a volume of 1167223 shares. The stock had previously closed at $17.38.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FLOC shares. Pickering Energy Partners raised Flowco to a "strong-buy" rating in a research report on Monday, February 10th. Fearnley Fonds raised shares of Flowco to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets began coverage on Flowco in a report on Monday, February 10th. They set an "outperform" rating and a $33.00 price objective for the company. Evercore ISI began coverage on Flowco in a research note on Monday, February 10th. They issued an "outperform" rating and a $35.00 target price on the stock. Finally, Piper Sandler started coverage on Flowco in a research note on Monday, February 10th. They set an "overweight" rating and a $34.00 price target for the company. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Flowco presently has an average rating of "Buy" and an average target price of $33.80.
Check Out Our Latest Stock Analysis on FLOC
Flowco Price Performance
The company's 50 day simple moving average is $24.11.
Flowco (NYSE:FLOC - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $1.88. The firm had revenue of $185.99 million during the quarter, compared to analysts' expectations of $184.92 million. On average, equities analysts expect that Flowco Holdings Inc. will post 1.54 EPS for the current year.
Insider Buying and Selling at Flowco
In other Flowco news, Director Paul W. Hobby acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $24.18 per share, for a total transaction of $193,440.00. Following the completion of the transaction, the director now owns 23,625 shares of the company's stock, valued at approximately $571,252.50. This represents a 51.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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