FLEX LNG (NYSE:FLNG) Cut to Sell at Wall Street Zen

FLEX LNG (NYSE:FLNG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Separately, Fearnley Fonds upgraded FLEX LNG to a "hold" rating in a report on Monday, February 17th.

FLEX LNG Price Performance

NYSE FLNG traded down $0.84 during trading on Friday, reaching $23.90. The company's stock had a trading volume of 388,005 shares, compared to its average volume of 367,781. The stock has a market capitalization of $1.29 billion, a PE ratio of 10.96 and a beta of 0.45. 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 fifty day moving average of $23.25 and a 200 day moving average of $23.50. FLEX LNG has a one year low of $19.46 and a one year high of $28.42.

FLEX LNG (NYSE:FLNG - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. The business had revenue of $88.40 million for the quarter, compared to analyst estimates of $87.70 million. Analysts expect that FLEX LNG will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of FLEX LNG by 69.0% in the 1st quarter. GAMMA Investing LLC now owns 1,102 shares of the company's stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of FLEX LNG by 27.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock worth $59,000 after purchasing an additional 558 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of FLEX LNG by 6.3% in the fourth quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company's stock worth $231,000 after acquiring an additional 600 shares during the period. Monetary Management Group Inc. grew its holdings in shares of FLEX LNG by 6.1% in the first quarter. Monetary Management Group Inc. now owns 10,450 shares of the company's stock worth $240,000 after acquiring an additional 600 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of FLEX LNG by 3.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company's stock worth $516,000 after acquiring an additional 666 shares during the period.

About FLEX LNG

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.