Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) Director Paul W. Hobby bought 8,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average cost of $24.18 per share, with a total value of $193,440.00. Following the purchase, the director now owns 23,625 shares of the company's stock, valued at approximately $571,252.50. This represents a 51.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Flowco Stock Up 2.5 %
NYSE FLOC opened at $25.10 on Friday. The company has a fifty day moving average of $26.02. Flowco Holdings Inc. has a 12 month low of $21.31 and a 12 month high of $30.50.
Flowco (NYSE:FLOC - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $1.88. The company had revenue of $185.99 million during the quarter, compared to analysts' expectations of $184.92 million. Equities analysts expect that Flowco Holdings Inc. will post 1.54 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have commented on the company. Evercore ISI assumed coverage on Flowco in a research note on Monday, February 10th. They set an "outperform" rating and a $35.00 target price for the company. BMO Capital Markets assumed coverage on Flowco in a research note on Monday, February 10th. They set an "outperform" rating and a $33.00 target price for the company. Jefferies Financial Group assumed coverage on Flowco in a research note on Monday, February 10th. They set a "buy" rating and a $35.00 target price for the company. Piper Sandler assumed coverage on Flowco in a research note on Monday, February 10th. They set an "overweight" rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on Flowco in a research note on Monday, February 10th. They set an "overweight" rating and a $32.00 target price for the company. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $33.80.
View Our Latest Report on Flowco
Flowco Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
