Flowco (NYSE:FLOC) Issues Earnings Results, Beats Estimates By $1.88 EPS

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

Flowco Price Performance

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

Analyst Upgrades and Downgrades

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