FLEX LNG (NYSE:FLNG - Get Free Report) is expected to be releasing its Q1 2025 earnings data before the market opens on Thursday, May 22nd. Analysts expect FLEX LNG to post earnings of $0.50 per share and revenue of $87.70 million for the quarter.
FLEX LNG Trading Up 0.3%
FLNG traded up $0.09 during mid-day trading on Friday, hitting $24.77. The stock had a trading volume of 256,807 shares, compared to its average volume of 363,558. The stock's fifty day simple moving average is $22.86 and its 200-day simple moving average is $23.58. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.99 and a quick ratio of 2.96. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45. FLEX LNG has a 1-year low of $19.46 and a 1-year high of $30.48.
Institutional Investors Weigh In On FLEX LNG
An institutional investor recently raised its position in FLEX LNG stock. Royal Bank of Canada increased its stake in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,436 shares of the company's stock after acquiring an additional 7,331 shares during the period. Royal Bank of Canada owned about 0.10% of FLEX LNG worth $1,275,000 as of its most recent SEC filing.
Analyst Ratings Changes
Several research firms have weighed in on FLNG. Jefferies Financial Group reiterated a "hold" rating and issued a $23.00 target price on shares of FLEX LNG in a report on Tuesday, February 4th. Fearnley Fonds upgraded shares of FLEX LNG to a "hold" rating in a report on Monday, February 17th.
View Our Latest Stock Analysis on FLEX LNG
FLEX LNG Company Profile
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Get Free Report)
FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.
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