BUZZ - Flowco shares rise after a $113 million transaction

October 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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