Flowco (NYSE:FLOC) Earns Overweight Rating from Analysts at Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Flowco (NYSE:FLOC) in a report released on Monday, MarketBeat reports. The firm set an “overweight” rating and a $34.00 price target on the stock. Piper Sandler’s price target indicates a potential upside of 25.46% from the company’s current price.

Several other brokerages have also issued reports on FLOC. Jefferies Financial Group assumed coverage on Flowco in a report on Monday. They set a “buy” rating and a $35.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Flowco in a research note on Monday. They issued an “overweight” rating and a $32.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $33.80.

Flowco Stock Performance

FLOC stock opened at $27.10 on Monday. Flowco has a 52 week low of $26.90 and a 52 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.