Flowco initiated with an Overweight at Piper Sandler

Piper Sandler initiated coverage of Flowco (FLOC) with an Overweight rating and $34 price target Flowco is a pure-play North America provider of production optimization, artificial lift, and methane abatement solutions, the analyst tells investors in a research note. The firm says the company’s “unique story” appears to resonate with investors as it provides an investment angle into the production cycle. Piper views Flowco as one of the few growth stories in North America and notes its “elevated margin profile.”