Flowco (NYSE:FLOC) Earns Sell (D-) Rating from Weiss Ratings

Flowco (NYSE:FLOC)‘s stock had its “sell (d-)” rating restated by analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

FLOC has been the topic of several other research reports. Evercore ISI dropped their price objective on Flowco from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Jefferies Financial Group set a $28.00 price objective on Flowco and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Piper Sandler dropped their price objective on Flowco from $33.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, Zacks Research raised Flowco from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Flowco Stock Performance

FLOC stock opened at $15.15 on Tuesday. The business’s fifty day moving average is $15.71 and its 200-day moving average is $17.83. The company has a quick ratio of 1.57, a current ratio of 3.25 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.37 billion and a P/E ratio of 8.23. Flowco has a twelve month low of $14.03 and a twelve month high of $30.50.

Flowco (NYSE:FLOC) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.94. The company had revenue of $193.21 million during the quarter, compared to analyst estimates of $190.16 million. Equities research analysts forecast that Flowco will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Flowco

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Flowco by 95.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after purchasing an additional 1,292 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Flowco by 38.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company’s stock valued at $85,000 after purchasing an additional 1,317 shares during the last quarter. CWM LLC lifted its stake in Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after purchasing an additional 2,374 shares during the last quarter. Strs Ohio acquired a new stake in Flowco in the 1st quarter valued at about $92,000. Finally, Rhumbline Advisers lifted its stake in Flowco by 17.0% in the 2nd quarter. Rhumbline Advisers now owns 29,473 shares of the company’s stock valued at $525,000 after purchasing an additional 4,276 shares during the last quarter.

Flowco Company Profile

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.