Flowco gains after $113 mln deal

Flowco Holdings

02/10/2026 16:48

** Shares of oilfield services firm Flowco Holdings FLOC.N up 3.17% at $18.86 
** Co completes its $113 mln acquisition of Canada-based artificial lift equipment co Lifting Solutions Energy Services
** Transaction broadens FLOC's artificial-lift offerings and strengthens its presence in Canada and international markets, the co says
** Jefferies says FLOC's Q3 setup appears in line with expectations, with investor focus on Q4 guidance
** 8 of 9 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $31
** Including session moves, stock had risen 1.2% YTD, compared with a 6.9% increase in the NYSE .NYA index 

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))