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FLNG

FLEX LNG Ltd.

https://www.flexlng.com

Industry

Oil & Gas Midstream

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.

Open

26.10

Mkt cap

1.4B

Volume

248K

High

26.42

P/E Ratio

15.59

52-wk high

31.78

Low

26.01

Div yield

0.12

52-wk low

22.80

FLEX LNG Ltd. (FLNG) held its Q3 2024 earnings call, discussing financial performance and future outlook.

Portfolio Pulse from

November 12, 2024 | 7:30 pm

The company has made a Final Investment Decision (FID) for the MK II 3.5mtpa FLNG, expected to be delivered by 2027. Additionally, a reservation notice for FLNG Hilli has been received under agreements with Pan American Energy for a 20-year deployment in Argentina.

Portfolio Pulse from

November 12, 2024 | 11:30 am

Jefferies analyst Omar Nokta has upgraded Flex LNG (NYSE:FLNG) from Underperform to Hold, while maintaining the price target at $24.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:39 pm

Flex LNG (NYSE:FLNG) reported Q2 2024 adjusted EPS of $0.56, beating the estimate of $0.50, but sales of $84.7M missed the $86M estimate. EPS increased by 7.69% YoY, while sales decreased by 2.34% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:40 am

On CNBC's 'Halftime Report Final Trades,' experts discussed Chevron, Adobe, FLEX LNG, and Electronic Arts. Chevron and Exxon Mobil plan to file a lawsuit against the Biden administration's emission cuts. FLEX LNG has a 12% dividend yield and posted strong Q1 results. Adobe beat Q2 earnings estimates, and Electronic Arts is set to host an Investor Day.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 12:51 pm

CNBC's 'Final Trades' segment highlighted Electronic Arts (EA), Chevron (CVX), FLEX LNG (FLNG), and Adobe (ADBE).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:01 pm

Jefferies analyst Omar Nokta maintains an Underperform rating on Flex LNG (NYSE:FLNG) but raises the price target from $23 to $25.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:39 am

Flex LNG has provided its Q2 financial expectations, forecasting a Time Charter Equivalent (TCE) rate of approximately $72,000 to $74,000 per day and revenue of around $85 million, slightly below the consensus of $85.5 million. The company also anticipates an adjusted EBITDA of $65 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:24 am

Flex LNG (NYSE:FLNG) reported Q1 2024 earnings of $0.70 per share, beating the analyst estimate of $0.58. Sales were $90.200 million, slightly above the $90.000 million estimate. Earnings increased by 6.06% year-over-year, while sales decreased by 2.46%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:15 am

Flex LNG, Ltd. (NYSE:FLNG) has entered into a new Time Charter agreement with a major Asian LNG importer for the vessel Flex Constellation, starting May 7, with a minimum duration until the end of the first quarter of 2025. The charterer has an option to extend for an additional year until the first quarter of 2026. Flex Constellation, delivered in June 2019, features advanced technology for reduced boil-off rates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 am

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