Flowco (NYSE:FLOC) Announces Quarterly Earnings Results, Beats Expectations By $1.88 EPS

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

Flowco Trading Up 4.6 %

NYSE FLOC opened at $24.28 on Tuesday. Flowco has a one year low of $21.31 and a one year high of $30.50.

Analyst Ratings Changes

A number of brokerages have weighed in on FLOC. Piper Sandler began coverage on shares of Flowco in a research report on Monday, February 10th. They set an “overweight” rating and a $34.00 price target for the company. Pickering Energy Partners upgraded shares of Flowco to a “strong-buy” rating in a research report on Monday, February 10th. 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 target for the company. 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 target for the company. Finally, 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 target for the company. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.