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Stock impact report

Flowco Holdings Inc. (FLOC) Completes Acquisition of Valiant Artificial Lift Solutions [Yahoo! Finance]

Flowco Holdings Inc. (FLOC) 
Company Research Source: Yahoo! Finance
Flowco Holdings Inc. (NYSE: FLOC is one of the best oil stocks with highest upside potential Flowco Holdings Inc. (FLOC) Completes Acquisition of Valiant Artificial Lift Solutions Flowco Holdings Inc. (NYSE:FLOC) announced on March 3 the completion of its previously announced acquisition of Valiant Artificial Lift Solutions, LLC. The company reported that the total consideration for the transaction, net of Valiant's cash on hand, was approximately $200 million. Flowco Holdings Inc. (NYSE:FLOC) funded the $170 million of net cash consideration, subject to certain purchase price adjustments, using available capacity under its ABL facility, with the balance of the consideration comprising approximately 1.5 million shares of Flowco Class A common stock. In another development, Evercore ISI lifted the price target on Flowco Holdings Inc. (NYSE:FLOC) to $28 from $25 on February 27, maintaining an Outperform rating on the shares. Jefferies also lifted the price target on the stock to Show less Read more
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