Streetbeat News

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

22.54

Mkt cap

1.2B

Volume

170K

High

22.72

P/E Ratio

10.36

52-wk high

30.48

Low

22.35

Div yield

0.13

52-wk low

20.85

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

On CNBC's 'Halftime Report Final Trades,' analysts shared their picks, including puts on Invesco QQQ Trust by Steve Weiss, a highlight on FLEX LNG Ltd.'s 12% dividend yield by Jenny Harrington, Kari Firestone's choice of Westinghouse Air Brake Technologies, and Joe Terranova's selection of Alphabet Inc. Alphabet's CEO addressed issues with the Gemini AI chatbot, while Wabtec and Flex LNG reported their financial results, impacting their stock prices.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:52 pm

On CNBC's Halftime Report, analysts shared their final trades, highlighting Alphabet (GOOGL), Westinghouse Air Brake Technologies (WAB), FLEX LNG (FLNG), and Invesco QQQ Trust, Series 1 (QQQ) as their top picks.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:01 pm

Flex LNG Management AS announced the extension of the Time Charter for Flex Courageous by 2 years, from 2025 to 2027, with an option to extend until 2029. CEO Øystein Kalleklev highlighted the company's strong charter coverage for 2024 and the strategic positioning of their fleet.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 6:34 am

Numerous companies are scheduled to report their earnings on February 7, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Madison Square Garden, Scotts Miracle Gro, TotalEnergies, Equinor, Euronet Worldwide, Flex LNG, Alibaba Group Holding, and many others. The earnings reports are expected to provide insights into the companies' financial health and market performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 10:13 am

Flex LNG (NYSE:FLNG) reported Q4 adjusted EPS of $0.70, surpassing the $0.67 estimate, but its sales of $97.23M fell short of the $98.38M estimate. This represents a 31.37% decrease in earnings and a 0.71% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 6:55 am

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