Flowco Holdings Inc. (NYSE:FLOC) is included among the 14 Best Energy Stocks to Buy According to Wall Street Analysts.
Flowco Holdings Inc. (NYSE:FLOC) is a provider of production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.
On March 19, Flowco Holdings Inc. (NYSE:FLOC) announced an underwritten public offering by certain affiliates of GEC Advisors LLC priced at $22 per share. The selling stockholders are offering 7.8 million shares of the company’s Class A common stock, with an option for underwriters to purchase up to an additional 1.17 million shares within 30 days.
Flowco Holdings Inc. (NYSE:FLOC) clarified that it would not issue or sell any shares in the offering and would also not receive any proceeds from the shares sold. However, the company did announce plans to purchase 780,000 shares from the underwriters at the same price received by the selling stockholders. The buyback will be part of Flowco’s existing share repurchase program. However, the buyback can only happen once the offering closes on March 23, subject to customary closing conditions.
Flowco Holdings Inc. (NYSE:FLOC) was also recently included in our list of the 11 Oil Stocks with Highest Upside Potential.
While we acknowledge the potential of FLOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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