Flowco Holdings Inc. (NYSE:FLOC - Get Free Report)'s stock price fell 4.4% during trading on Tuesday . The stock traded as low as $24.04 and last traded at $24.51. 144,292 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 527,840 shares. The stock had previously closed at $25.65.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on FLOC shares. Pickering Energy Partners upgraded shares of Flowco to a "strong-buy" rating in a research report on Monday, February 10th. Jefferies Financial Group initiated coverage on shares of Flowco in a report on Monday, February 10th. They set a "buy" rating and a $35.00 target price on the stock. Evercore ISI began coverage on shares of Flowco in a research report on Monday, February 10th. They set an "outperform" rating and a $35.00 price target for the company. 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 target on the stock. Finally, Fearnley Fonds raised Flowco to a "strong-buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $33.80.
View Our Latest Stock Report on FLOC
Flowco Price Performance
The firm's 50-day simple moving average is $25.86.
Flowco (NYSE:FLOC - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that Flowco Holdings Inc. will post 1.54 EPS for the current fiscal year.
Insider Transactions at Flowco
In other news, Director Paul W. Hobby bought 8,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $24.18 per share, with a total value of $193,440.00. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Flowco Company Profile
(
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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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