FLEX LNG (NYSE:FLNG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.
Separately, Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a report on Monday, February 17th.
View Our Latest Analysis on FLNG
FLEX LNG Price Performance
NYSE:FLNG traded down $0.32 during trading hours on Friday, reaching $23.63. 425,945 shares of the company were exchanged, compared to its average volume of 367,926. FLEX LNG has a twelve month low of $19.46 and a twelve month high of $28.27. The stock's 50-day moving average is $23.25 and its 200-day moving average is $23.46. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. The firm has a market cap of $1.27 billion, a PE ratio of 10.84 and a beta of 0.48.
FLEX LNG (NYSE:FLNG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. The company had revenue of $88.40 million during the quarter, compared to analyst estimates of $87.70 million. On average, sell-side analysts anticipate that FLEX LNG will post 1.9 earnings per share for the current fiscal year.
Institutional Investors Weigh In On FLEX LNG
Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of FLEX LNG by 69.0% in the first quarter. GAMMA Investing LLC now owns 1,102 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of FLEX LNG by 465.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock valued at $26,000 after purchasing an additional 941 shares in the last quarter. State of Wyoming purchased a new stake in shares of FLEX LNG in the first quarter valued at approximately $57,000. Steward Partners Investment Advisory LLC grew its holdings 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 valued at $59,000 after purchasing an additional 558 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of FLEX LNG in the fourth quarter valued at about $75,000.
About FLEX LNG
(
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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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