Flowco (NYSE:FLOC) Raised to Buy at Wall Street Zen

by · The Cerbat Gem

Flowco (NYSE:FLOC – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts also recently issued reports on the stock. Zacks Research upgraded shares of Flowco from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flowco in a research note on Friday, January 9th. Evercore reissued an “outperform” rating and issued a $25.00 target price on shares of Flowco in a research report on Thursday, November 6th. Piper Sandler restated an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price target on shares of Flowco in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.20.

View Our Latest Stock Report on FLOC

Flowco Stock Up 7.5%

Shares of NYSE:FLOC opened at $22.86 on Friday. Flowco has a 1 year low of $14.03 and a 1 year high of $29.14. The company has a market capitalization of $2.05 billion and a PE ratio of 7.62. The business has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $17.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.90 and a quick ratio of 1.33.

Insider Buying and Selling

In other Flowco news, EVP Chad Roberts sold 54,706 shares of Flowco stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total transaction of $1,224,867.34. Following the completion of the transaction, the executive vice president owned 67,008 shares of the company’s stock, valued at $1,500,309.12. The trade was a 44.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 163,500 shares of company stock valued at $3,419,009.

Hedge Funds Weigh In On Flowco

Several hedge funds have recently bought and sold shares of FLOC. Tower Research Capital LLC TRC lifted its stake in Flowco by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock worth $47,000 after purchasing an additional 1,292 shares during the last quarter. CWM LLC lifted its position in Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock worth $54,000 after buying an additional 2,374 shares during the last quarter. US Bancorp DE purchased a new stake in Flowco in the third quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey grew its position in Flowco by 38.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company’s stock valued at $85,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Flowco in the 1st quarter valued at $92,000.

Flowco Company Profile

(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. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.

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