FLEX LNG Ltd. (NYSE:FLNG – Get Score) has been assigned a mean ranking of “Maintain” from the seven rankings corporations which can be at present overlaying the agency, Marketbeat Scores reviews. 5 analysis analysts have rated the inventory with a maintain ranking and one has assigned a purchase ranking to the corporate. The common 1-year worth goal amongst brokers which have up to date their protection on the inventory within the final yr is $280.00.
A variety of analysis corporations have issued reviews on FLNG. Danske upgraded shares of FLEX LNG from a “maintain” ranking to a “purchase” ranking in a report on Wednesday, November 2nd. Pareto Securities lowered shares of FLEX LNG from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, November sixteenth.
FLEX LNG Value Efficiency
FLEX LNG inventory opened at $36.44 on Friday. FLEX LNG has a 52 week low of $16.65 and a 52 week excessive of $38.24. The corporate has a fast ratio of two.50, a present ratio of two.54 and a debt-to-equity ratio of 1.80. The agency’s 50-day easy shifting common is $32.86 and its 200 day easy shifting common is $31.11. The agency has a market capitalization of $1.94 billion, a PE ratio of 9.00 and a beta of 0.99.
FLEX LNG (NYSE:FLNG – Get Score) final launched its quarterly earnings information on Tuesday, November fifteenth. The corporate reported $0.79 EPS for the quarter, lacking the consensus estimate of $0.80 by ($0.01). FLEX LNG had a return on fairness of 17.90% and a web margin of 59.26%. The enterprise had income of $91.26 million in the course of the quarter, in comparison with analysts’ expectations of $91.70 million. On common, equities analysis analysts predict that FLEX LNG will publish 2.52 EPS for the present fiscal yr.
FLEX LNG Pronounces Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which shall be paid on Friday, December ninth. Shareholders of file on Thursday, December 1st shall be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November thirtieth. This represents a $3.00 dividend on an annualized foundation and a yield of 8.23%. FLEX LNG’s dividend payout ratio (DPR) is 74.07%.
Institutional Inflows and Outflows
A number of giant traders have not too long ago modified their holdings of the inventory. Nationwide Financial institution of Canada FI lifted its holdings in shares of FLEX LNG by 30.2% in the course of the third quarter. Nationwide Financial institution of Canada FI now owns 1,508 shares of the corporate’s inventory value $47,000 after buying an extra 350 shares in the course of the interval. Tower Analysis Capital LLC TRC lifted its holdings in shares of FLEX LNG by 26.9% in the course of the third quarter. Tower Analysis Capital LLC TRC now owns 2,372 shares of the corporate’s inventory value $75,000 after buying an extra 503 shares in the course of the interval. Authorized & Common Group Plc bought a brand new place in shares of FLEX LNG in the course of the 2nd quarter value about $163,000. Sawtooth Options LLC lifted its holdings in shares of FLEX LNG by 7.3% in the course of the third quarter. Sawtooth Options LLC now owns 9,616 shares of the corporate’s inventory value $305,000 after buying an extra 654 shares in the course of the interval. Lastly, Optimum Funding Advisors lifted its holdings in shares of FLEX LNG by 6.0% in the course of the 2nd quarter. Optimum Funding Advisors now owns 15,800 shares of the corporate’s inventory value $433,000 after buying an extra 900 shares in the course of the interval. 20.79% of the inventory is at present owned by hedge funds and different institutional traders.
FLEX LNG Firm Profile
(Get Score)
Flex LNG Ltd., by means of its subsidiaries, engages within the seaborne transportation of liquefied pure gasoline (LNG) worldwide. As of February 16, 2022, it owned and operated 9 M-type electronically managed gasoline injection LNG carriers; and 4 vessels with era X twin gasoline propulsion methods. It additionally offers chartering and administration providers.
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