Flowco Holdings Inc. (NYSE:FLOC) Receives Average Rating of “Buy” from Brokerages

Shares of Flowco Holdings Inc. (NYSE:FLOC) have been assigned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.80.

FLOC has been the subject of several analyst reports. Piper Sandler assumed coverage on shares of Flowco in a research note on Monday. They issued an “overweight” rating and a $34.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Flowco in a research report on Monday. They set an “overweight” rating and a $32.00 price objective for the company. Pickering Energy Partners upgraded Flowco to a “strong-buy” rating in a research note on Monday. Evercore ISI assumed coverage on shares of Flowco in a report on Monday. They issued an “outperform” rating and a $35.00 target price for the company. Finally, BMO Capital Markets initiated coverage on Flowco in a research report on Monday. They issued an “outperform” rating and a $33.00 price target on the stock.

Flowco Trading Down 1.9 %

FLOC opened at $26.50 on Wednesday. Flowco has a 52-week low of $26.50 and a 52-week high of $30.50.

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.