BUZZ - Flowco shares rise after a $113 million transaction
路透社2026/10/02 15:56October 2 - ** Oilfield services company Flowco Holdings FLOC.N shares rose 3.17% to $18.86
** The company has completed its $113 million acquisition of Canadian artificial lift equipment company Lifting Solutions Energy Services
** The company stated that this transaction broadens FLOC's business scope in the artificial lift sector and consolidates its position in the Canadian and international markets
** Jefferies said FLOC's third-quarter performance appears to be in line with expectations, with investors focused on its fourth-quarter guidance
** Out of nine brokerages, eight have given the stock a “buy” or higher rating, and one recommends “hold”; the median target price is $31
** Including today's movements, the stock is up 1.2% year-to-date, compared with a 6.9% gain for the New York Stock Exchange .NYA index over the same period
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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