Flowco (NYSE:FLOC) Issues Quarterly Earnings Results

Flowco (NYSE:FLOC) posted its quarterly earnings results on Tuesday. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.88, RTT News reports. The business had revenue of $185.99 million during the quarter, compared to the consensus estimate of $184.92 million.

Flowco Price Performance

Shares of FLOC stock opened at $24.51 on Wednesday. Flowco has a 1-year low of $21.31 and a 1-year high of $30.50.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FLOC shares. JPMorgan Chase & Co. started coverage on Flowco in a report on Monday, February 10th. They set an “overweight” rating and a $32.00 price target on the stock. BMO Capital Markets started coverage on Flowco in a report on Monday, February 10th. They set an “outperform” rating and a $33.00 price target on the stock. Evercore ISI started coverage on Flowco in a report on Monday, February 10th. They set an “outperform” rating and a $35.00 price target on the stock. Jefferies Financial Group started coverage on Flowco in a report on Monday, February 10th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Pickering Energy Partners upgraded 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.