JPMorgan analyst Arun Jayaram initiated coverage of Flowco (FLOC) with an Overweight rating and $32 price target Flowco is a pure-play artificial lift company focused on U.S. shale, with a specialization in high pressure, conventional, and plunger lift systems, the analyst tells investors in a research note. The firm says the company is the industry leader in high pressure gas lift systems, which have “noteworthy” uptime and cost benefits and are supporting “significant growth at high margins” given rising adoption rates from a blue chip set of customers.
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Read More on FLOC:
- Flowco initiated with an Overweight at Piper Sandler
- Flowco initiated with a Buy at Jefferies
- Buy Rating Affirmed for Flowco Holdings Inc: Strong Growth Potential and Unique Market Position Highlighted
- Flowco Holdings Inc: Positioned for Growth with Strong Market Leadership and Strategic Integration
- Flowco initiated with an Outperform at BMO Capital
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