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

Flowco’s (NYSE:FLOC) quiet period will expire on Tuesday, February 25th. Flowco had issued 17,800,000 shares in its initial 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, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration 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 a number of analyst reports. Jefferies Financial Group assumed coverage on Flowco in a report on Monday, February 10th. They issued a “buy” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Flowco in a report on Monday, February 10th. They issued an “overweight” rating and a $32.00 target price for the company. Piper Sandler initiated coverage on shares of Flowco in a report on Monday, February 10th. They issued an “overweight” rating and a $34.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Flowco in a research note on Monday, February 10th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Evercore ISI started coverage on shares of Flowco in a research note on Monday, February 10th. They issued an “outperform” rating and a $35.00 target price for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Flowco currently has an average rating of “Buy” and an average price target of $33.80.

Flowco Trading Up 0.2 %

FLOC opened at $26.31 on Tuesday. Flowco has a 52-week low of $25.62 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.