In yesterday’s Wall Street session, Flex Lng Ltd (NYSE:FLNG) shares traded at $31.28, up 1.16% from the previous session.
As we calculate the median target price by taking the range between a high of $33.96 and a low of $30.00, we find $32.00. Given the previous closing price of $30.92, this indicates a potential upside of 3.49 percent. FLNG stock price is now 2.97% away from the 50-day moving average and -1.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
Brokers who have rated the stock have averaged $31.95 as their price target over the next twelve months.
A total of 45.09% of the company’s stock is owned by insiders.
On Wednesday morning Flex Lng Ltd (NYSE: FLNG) stock kicked off with the opening price of $30.85. During the past 12 months, Flex Lng Ltd has had a low of $27.76 and a high of $37.97. As of last week, the company has a debt-to-equity ratio of 2.10, a current ratio of 2.90, and a quick ratio of 2.87. The fifty day moving average price for FLNG is $30.38 and a two-hundred day moving average price translates $31.65 for the stock.
The latest earnings results from Flex Lng Ltd (NYSE: FLNG) was released for Sep, 2023. The net profit margin was 38.22% and return on equity was 16.09% for FLNG. The company reported revenue of $94.58 million for the quarter, compared to $91.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.64 percent.
Flex Lng Ltd(FLNG) Company Profile
Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. It also provides chartering services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
