Flex LNG (NYSE:FLNG) Upgraded to “Hold” at Wall Street Zen

Flex LNG (NYSE:FLNG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Flex LNG in a report on Friday, April 10th. Pareto Securities downgraded Flex LNG from a “buy” rating to a “sell” rating in a report on Wednesday, May 13th. Finally, Kepler Capital Markets set a $25.00 price objective on Flex LNG and gave the stock a “reduce” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $24.00.

Flex LNG Stock Down 0.3%

Shares of FLNG stock opened at $29.66 on Friday. Flex LNG has a 12-month low of $21.72 and a 12-month high of $33.40. The company has a quick ratio of 2.69, a current ratio of 2.72 and a debt-to-equity ratio of 2.45. The firm has a fifty day moving average of $31.10 and a 200-day moving average of $28.52. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.19 and a beta of 0.18.

Flex LNG (NYSE:FLNG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $80.46 million during the quarter, compared to the consensus estimate of $80.35 million. Flex LNG had a net margin of 22.26% and a return on equity of 12.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLNG. Western Wealth Management LLC bought a new position in shares of Flex LNG during the 1st quarter worth approximately $26,000. Main Street Group LTD bought a new stake in Flex LNG in the 1st quarter valued at $30,000. First Community Trust NA acquired a new stake in Flex LNG during the 4th quarter valued at $31,000. Financial Life Planners acquired a new stake in Flex LNG during the 3rd quarter valued at $35,000. Finally, Kestra Advisory Services LLC bought a new position in Flex LNG during the fourth quarter worth $43,000.

Flex LNG Company Profile

Flex LNG Ltd is a Bermuda-registered owner and operator of liquefied natural gas (LNG) carriers, offering shipping services to major energy producers and utilities worldwide. Since its establishment in 2006, the company has focused on building a versatile fleet of modern, eco-efficient LNG vessels designed to meet the growing global demand for lower-emission fuel transportation.

The company’s core activities encompass time-charter contracts, long-term transportation agreements and spot market voyages.