The price of FLEX LNG Ltd. (NYSE:FLNG) shares last traded on Wall Street fell -5.27% to $31.65.
Based on available information, 9 analysts follow FLEX LNG Ltd. (NYSE:FLNG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $36.18 and a low of $29.55, we find $35.68. Given the previous closing price of $33.41, this indicates a potential upside of 6.79 percent. FLNG stock price is now -2.24% away from the 50-day moving average and 0.27% away from the 200-day moving average. The market capitalization of the company currently stands at $1.70B.
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Among analysts, 8 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $34.34 as their price target over the next twelve months.
On July 21, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $26.
A total of 45.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FLNG stock. A new stake in FLEX LNG Ltd. shares was purchased by BRAMSHILL INVESTMENTS, LLC during the first quarter worth $2,205,000. PDT PARTNERS, LLC invested $1,094,000 in shares of FLNG during the first quarter. In the first quarter, JENKINS WEALTH acquired a new stake in FLEX LNG Ltd. valued at approximately $1,069,000. FIRST TRUST ADVISORS LP acquired a new stake in FLNG for approximately $1,001,000. MARINER, LLC purchased a new stake in FLNG valued at around $995,000 in the second quarter. In total, there are 208 active investors with 21.51% ownership of the company’s stock.
A candlestick chart of FLEX LNG Ltd. (NYSE: FLNG) showed a price of $31.90 on Wednesday morning. During the past 12 months, FLEX LNG Ltd. has had a low of $19.39 and a high of $37.97. The fifty day moving average price for FLNG is $32.52 and a two-hundred day moving average price translates $31.95 for the stock.
The latest earnings results from FLEX LNG Ltd. (NYSE: FLNG) was released for Sep, 2022. The company reported revenue of $97.93 million for the quarter, compared to $114.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.54 percent.
Moreover, the firm recently paid out its quarterly dividend on 03/07/2023. Investors who held shares on 02/23/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $3.00 dividend and a 9.48% percent yield. There was an ex-dividend date of 02/22/2023 for this dividend.
FLEX LNG Ltd.(FLNG) Company Profile
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
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