Flowco (NYSE:FLOC) Posts Quarterly Earnings Results

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 company had revenue of $185.99 million for the quarter, compared to analysts’ expectations of $184.92 million.

Flowco Stock Down 0.1 %

NYSE FLOC opened at $24.41 on Thursday. Flowco has a 12 month low of $21.31 and a 12 month high of $30.50.

Analyst Ratings Changes

Several equities research analysts recently commented on FLOC shares. Pickering Energy Partners upgraded shares of Flowco to a “strong-buy” rating in a research report on Monday, February 10th. BMO Capital Markets initiated coverage on shares of Flowco in a research report on Monday, February 10th. They issued an “outperform” rating and a $33.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Flowco in a report on Monday, February 10th. They issued a “buy” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of Flowco in a report on Monday, February 10th. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, Piper Sandler started coverage on shares of Flowco in a report on Monday, February 10th. They issued an “overweight” rating and a $34.00 target price on the stock. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Flowco currently has a consensus rating of “Buy” and an average price target of $33.80.

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.