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

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

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

Flex LNG (NYSE:FLNG) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.67. Investors are hopeful for an earnings beat and positive guidance for the next quarter. Flex LNG's past performance shows mixed results with slight price changes post-earnings. Currently, shares are trading at $28.48, marking a 7.72% decrease over the last 52 weeks. This performance indicates general dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:01 pm

Flex LNG announced that its Flex Constellation ship will return in Q2 2024 after the charterer decided not to extend the charter option. This news follows an earlier report on Monday.

Portfolio Pulse from Charles Gross

January 09, 2024 | 11:09 am

Flex LNG Ltd. (FLNG) announced that the charterer of its Flex Constellation ship has not exercised the extension option. The ship was on a three-year Time Charter since May 17, 2021, with an option to extend up to three years. Flex LNG expects to take redelivery of the ship in Q2 2024. The company has a 95% charter coverage for 2024 and anticipates recontracting the vessel at higher rates than the current $80,000 per day, as market rates are quoted at $90-100,000 per day.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:44 am

Flex LNG reported Q3 adjusted earnings of $0.67 per share, a 15.19% decrease YoY. However, the company's sales increased by 3.64% to $94.58 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:51 am

On CNBC's 'Halftime Report Final Trades', four stocks were highlighted: CrowdStrike Holdings (CRWD), Humana Inc. (HUM), FLEX LNG Ltd. (FLNG), and EQT Corporation (EQT). CRWD shares hit a new 52-week high due to potential cyberattack concerns. HUM was maintained with a Buy rating and a raised price target by Jefferies. FLNG, with a 10.5% dividend yield, saw shares decline around 11% over the past six months. EQT was picked amid higher natural-gas prices and is expected to issue its Q3 financials on Oct. 25, 2023.

Portfolio Pulse from Priya Nigam

October 10, 2023 | 1:26 pm

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