Flowco Holdings Inc.’s (NYSE:FLOC) Quiet Period To Expire Tomorrow

Flowco’s (NYSE:FLOC) quiet period will end on Tuesday, February 25th. Flowco had issued 17,800,000 shares in its public offering on January 16th. The total size of the offering was $427,200,000 based on an initial share price of $24.00. During Flowco’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Several analysts recently commented on FLOC shares. Pickering Energy Partners raised 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 objective on the stock. Piper Sandler began coverage on shares of Flowco in a research note on Monday, February 10th. They set an “overweight” rating and a $34.00 target price on the stock. Evercore ISI began 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, JPMorgan Chase & Co. began coverage on shares of Flowco in a research note on Monday, February 10th. They set an “overweight” rating and a $32.00 target price on the stock. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $33.80.

Flowco Price Performance

FLOC stock opened at $26.86 on Monday. Flowco has a fifty-two week low of $25.62 and a fifty-two week high of $30.50.

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.