Flowco Holdings Inc.’s (NYSE:FLOC) Quiet Period Set To Expire on February 25th

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 the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

Analysts Set New Price Targets

FLOC has been the topic of several research reports. Pickering Energy Partners upgraded shares of Flowco to a “strong-buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. initiated coverage on shares of Flowco in a research report on Monday, February 10th. They set an “overweight” rating and a $32.00 price target on the stock. Evercore ISI initiated coverage on shares of Flowco in a research report on Monday, February 10th. They set an “outperform” rating and a $35.00 price target on the stock. Piper Sandler initiated coverage on shares of Flowco in a research report on Monday, February 10th. They set an “overweight” rating and a $34.00 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of Flowco in a research report on Monday, February 10th. They set an “outperform” rating and a $33.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $33.80.

Flowco Stock Performance

Shares of FLOC opened at $26.86 on Friday. Flowco has a twelve month low of $25.62 and a twelve month 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.