BMO Capital Markets Initiates Coverage on Flowco (NYSE:FLOC)

Research analysts at BMO Capital Markets started coverage on shares of Flowco (NYSE:FLOC) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $33.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 21.77% from the company’s previous close.

Several other research analysts also recently commented on the company. Jefferies Financial Group began coverage on Flowco in a report on Monday. They set a “buy” rating and a $35.00 target price on the stock. Piper Sandler began coverage on Flowco in a report on Monday. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Flowco in a report on Monday. They set an “overweight” rating and a $32.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $33.80.

Flowco Price Performance

Shares of FLOC stock opened at $27.10 on Monday. Flowco has a twelve month low of $26.90 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.