Flowco (NYSE:FLOC) Issues Quarterly Earnings Results

Flowco (NYSE:FLOC) announced its quarterly earnings data on Tuesday. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $1.88, RTT News reports.

Flowco Trading Up 4.6 %

Shares of NYSE:FLOC opened at $24.28 on Tuesday. Flowco has a 12 month low of $21.31 and a 12 month high of $30.50.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets began coverage on shares of Flowco in a research note on Monday, February 10th. They set an “outperform” rating and a $33.00 target price for the company. Piper Sandler started 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. Jefferies Financial Group assumed coverage on Flowco in a research report on Monday, February 10th. They issued a “buy” rating and a $35.00 price target on the stock. Evercore ISI assumed coverage on shares of Flowco in a research note on Monday, February 10th. They set an “outperform” rating and a $35.00 target price 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $33.80.

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.