Flowco’s (NYSE:FLOC – Get Free Report) quiet period is set to end on Tuesday, February 25th. Flowco had issued 17,800,000 shares in its IPO on January 16th. The total size of the offering was $427,200,000 based on an initial share price of $24.00. During Flowco’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analysts Forecast Growth
FLOC has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Flowco in a research note on Monday, February 10th. They issued an “outperform” rating and a $33.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Flowco in a research note on Monday, February 10th. They issued an “overweight” rating and a $32.00 price objective on the stock. Piper Sandler initiated coverage on shares of Flowco in a research note on Monday, February 10th. They issued an “overweight” rating and a $34.00 price objective on the stock. Evercore ISI initiated coverage on shares of Flowco in a research note on Monday, February 10th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Pickering Energy Partners upgraded shares of Flowco to a “strong-buy” rating in a research note on Monday, February 10th. 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.com, the stock currently has a consensus rating of “Buy” and an average price target of $33.80.
Check Out Our Latest Stock Report on FLOC
Flowco Price Performance
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.
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