Flowco (NYSE:FLOC) Posts Quarterly Earnings Results, Beats Estimates By $1.88 EPS

Flowco (NYSE:FLOC) issued its earnings results on Tuesday. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $0.35 by $1.88, RTT News reports. The firm had revenue of $185.99 million during the quarter, compared to analysts’ expectations of $184.92 million.

Flowco Stock Up 0.3 %

Shares of NYSE:FLOC opened at $24.51 on Wednesday. Flowco has a fifty-two week low of $21.31 and a fifty-two week high of $30.50.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Flowco in a research note on Monday, February 10th. They issued a “buy” rating and a $35.00 target price on the stock. Pickering Energy Partners upgraded shares of Flowco to a “strong-buy” rating in a report on Monday, February 10th. BMO Capital Markets began coverage on shares of Flowco in a report on Monday, February 10th. They set an “outperform” rating and a $33.00 target price on the stock. Piper Sandler began coverage on shares of Flowco in a report on Monday, February 10th. They set an “overweight” rating and a $34.00 target price on the stock. Finally, Evercore ISI began coverage on shares of Flowco in a report on Monday, February 10th. They set an “outperform” rating and a $35.00 target price on the stock. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $33.80.

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.