FLEX LNG (NYSE:FLNG - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04, Zacks reports. 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 during the quarter, compared to the consensus estimate of $87.70 million.
FLEX LNG Price Performance
Shares of NYSE FLNG traded down $1.56 during trading on Wednesday, reaching $22.84. The company had a trading volume of 412,886 shares, compared to its average volume of 363,208. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. FLEX LNG has a twelve month low of $19.46 and a twelve month high of $30.48. The stock has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $23.57. The stock has a market capitalization of $1.23 billion, a PE ratio of 10.48 and a beta of 0.45.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on FLNG shares. Fearnley Fonds upgraded shares of FLEX LNG to a "hold" rating in a report on Monday, February 17th. Jefferies Financial Group reissued a "hold" rating and set a $23.00 price objective on shares of FLEX LNG in a research note on Tuesday, February 4th.
Check Out Our Latest Stock Analysis on FLEX LNG
Institutional Trading of FLEX LNG
A hedge fund recently raised its stake in FLEX LNG stock. Goldman Sachs Group Inc. grew its position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,097 shares of the company's stock after purchasing an additional 27,543 shares during the period. Goldman Sachs Group Inc. owned 0.28% of FLEX LNG worth $3,428,000 at the end of the most recent quarter.
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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