Key Points
- Director Jonathan Fairbanks sold 7,800,000 shares on March 23 at an average price of $21.18, a transaction worth about $165.2 million disclosed in an SEC filing.
- Analyst sentiment is generally positive—four Buy, one Hold, one Sell—with a consensus target price of $28.25 and recent price-target increases (BMO $26, Jefferies $30, Wall Street Zen strong-buy).
- Flowco sports a market capitalization of about $2.01 billion, a trailing PE of 19.04, a one-year share range of $14.03–$26.12, and pays a $0.32 annual dividend (≈1.4% yield).
Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) Director Jonathan Fairbanks sold 7,800,000 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $21.18, for a total value of $165,204,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Flowco Price Performance
Shares of NYSE FLOC opened at $22.47 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.34 and a quick ratio of 1.42. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.04 and a beta of -0.16. Flowco Holdings Inc. has a 1-year low of $14.03 and a 1-year high of $26.12. The business's fifty day moving average price is $22.13 and its two-hundred day moving average price is $18.66.
Flowco Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Flowco's dividend payout ratio (DPR) is 27.12%.
Analyst Ratings Changes
A number of research firms have issued reports on FLOC. Zacks Research raised shares of Flowco from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. BMO Capital Markets lifted their price target on Flowco from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Jefferies Financial Group reissued a "buy" rating and issued a $30.00 price objective on shares of Flowco in a report on Monday, February 2nd. Wall Street Zen upgraded Flowco from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Flowco in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Flowco currently has an average rating of "Moderate Buy" and a consensus target price of $28.25.
Check Out Our Latest Report on Flowco
Hedge Funds Weigh In On Flowco
Several large investors have recently bought and sold shares of the stock. Verition Fund Management LLC raised its position in shares of Flowco by 4.4% during the 3rd quarter. Verition Fund Management LLC now owns 23,997 shares of the company's stock worth $356,000 after buying an additional 1,012 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Flowco by 9.7% during the fourth quarter. Deutsche Bank AG now owns 13,858 shares of the company's stock valued at $260,000 after acquiring an additional 1,223 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Flowco by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company's stock valued at $47,000 after acquiring an additional 1,292 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings 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 worth $85,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Flowco by 8,929.4% in the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company's stock worth $29,000 after purchasing an additional 1,518 shares during the period.
About Flowco
(
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.
Further Reading
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