FLEX LNG (NYSE:FLNG - Get Free Report) is expected to post its Q1 2025 quarterly earnings results 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 Price Performance
FLNG stock traded down $0.47 during trading hours on Tuesday, hitting $24.40. 287,969 shares of the stock traded hands, compared to its average volume of 362,965. The stock has a 50-day simple moving average of $22.97 and a 200 day simple moving average of $23.57. FLEX LNG has a one year low of $19.46 and a one year high of $30.48. The company has a market cap of $1.31 billion, a P/E ratio of 11.19 and a beta of 0.45. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11.
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 FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 55,436 shares of the company's stock after purchasing an additional 7,331 shares during the quarter. Royal Bank of Canada owned approximately 0.10% of FLEX LNG worth $1,275,000 at the end of the most recent reporting period.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 target price on shares of FLEX LNG in a research note on Tuesday, February 4th. Fearnley Fonds upgraded FLEX LNG to a "hold" rating in a research report on Monday, February 17th.
View Our Latest Report on FLEX LNG
FLEX LNG Company Profile
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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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