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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:FLNG

FLEX LNG Stock Forecast, Price & News

$27.88
+0.37 (+1.34%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$27.51
$29.08
50-Day Range
$24.21
$32.63
52-Week Range
$12.50
$33.36
Volume
4.06 million shs
Average Volume
799,926 shs
Market Capitalization
$1.48 billion
P/E Ratio
8.69
Dividend Yield
10.76%
Price Target
$280.00
30 days | 90 days | 365 days | Advanced Chart

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FLNG Stock Forecast (MarketRank)

Overall MarketRank

1.62 out of 5 stars

Transportation Sector

122nd out of 169 stocks

Water Transportation Industry

19th out of 24 stocks

Analyst Opinion: 3.0Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
FLEX LNG logo

About FLEX LNG (NYSE:FLNG)

Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.

FLNG Stock News Headlines

FLEX LNG (NYSE:FLNG) Trading Up 8.2%
Flex LNG - Market Update Presentation
Flex LNG Ltd - Stock Financials FLNG
FLEX LNG (NYSE:FLNG) Shares Down 9.1%
FLEX LNG (NYSE:FLNG) Stock Rating Lowered by SEB Equities
FLEX LNG (NYSE:FLNG) Shares Gap Down to $32.63
Flex LNG - Ex Date Q1 2022
See More Headlines

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
N/A
Employees
8
Year Founded
N/A

Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 6/10 Dividend
5/24/2022
Ex-Dividend for 6/7 Dividend
5/24/2022
Dividend Payable
6/07/2022
Dividend Payable
6/10/2022
Today
6/26/2022
Next Earnings (Estimated)
8/16/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$280.00
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$280.00
Forecasted Upside/Downside
+904.3%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
3 Analysts

Profitability

Net Income
$162.21 million
Pretax Margin
50.73%

Debt

Sales & Book Value

Annual Sales
$343.45 million
Cash Flow
$4.12 per share
Book Value
$16.72 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.48 billion
Optionable
Not Optionable
Beta
1.15














FLEX LNG Frequently Asked Questions

Should I buy or sell FLEX LNG stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FLEX LNG in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FLEX LNG stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLNG, but not buy additional shares or sell existing shares.
View analyst ratings for FLEX LNG
or view top-rated stocks.

What is FLEX LNG's stock price forecast for 2022?

3 analysts have issued 12-month target prices for FLEX LNG's shares. Their FLNG stock forecasts range from $280.00 to $280.00. On average, they expect FLEX LNG's share price to reach $280.00 in the next twelve months. This suggests a possible upside of 904.3% from the stock's current price.
View analysts' price targets for FLEX LNG
or view top-rated stocks among Wall Street analysts.

How has FLEX LNG's stock performed in 2022?

FLEX LNG's stock was trading at $23.49 at the start of the year. Since then, FLNG shares have increased by 18.7% and is now trading at $27.88.
View the best growth stocks for 2022 here
.

When is FLEX LNG's next earnings date?

FLEX LNG is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our earnings forecast for FLEX LNG
.

How were FLEX LNG's earnings last quarter?

FLEX LNG Ltd. (NYSE:FLNG) issued its quarterly earnings results on Tuesday, November, 16th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $81.76 million for the quarter. FLEX LNG had a net margin of 50.70% and a trailing twelve-month return on equity of 15.32%.
View FLEX LNG's earnings history
.

How often does FLEX LNG pay dividends? What is the dividend yield for FLEX LNG?

FLEX LNG announced a dividend on Friday, May 20th. Shareholders of record on Wednesday, May 25th will be given a dividend of $0.75 per share on Friday, June 10th. This represents a dividend yield of 10.76%. The ex-dividend date is Tuesday, May 24th.
View FLEX LNG's dividend history
.

Is FLEX LNG a good dividend stock?

FLEX LNG(NYSE:FLNG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 10.76%. FLNG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. FLEX LNG does not yet have a strong track record of dividend growth. The dividend payout ratio of FLEX LNG is 93.46%. Payout ratios above 75% are not desirable because they may not be sustainable.
View FLEX LNG's dividend history.

Who are FLEX LNG's key executives?

FLEX LNG's management team includes the following people:
  • Mr. Oystein M. Kalleklev, Chief Exec. Officer (Age 41)
  • Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
  • Ms. Jannicke Eilertsen, Compliance Officer
  • Mr. Thomas Thorkildsen, Sr. VP of Bus. Devel. (Age 50)
  • Mr. H. Marius Foss, Head of Commercial & Operation Flex LNG Management AS
  • Mr. Lars Pedersen, Chief Technical Officer of Frontline Management & MD of Flex Fleet Management
  • Mr. Fergus Bristow, Chief Accounting Officer of Flex LNG Management Ltd
  • Mr. James Ayers, Company Sec.

What is FLEX LNG's stock symbol?

FLEX LNG trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLNG."

Who are FLEX LNG's major shareholders?

FLEX LNG's stock is owned by many different institutional and retail investors. Top institutional shareholders include Mondrian Investment Partners LTD (1.98%), Acadian Asset Management LLC (1.79%), Donald Smith & CO. Inc. (1.61%), Goldman Sachs Group Inc. (0.64%), JPMorgan Chase & Co. (0.50%) and Bank of America Corp DE (0.47%).

Which institutional investors are selling FLEX LNG stock?

FLNG stock was sold by a variety of institutional investors in the last quarter, including Donald Smith & CO. Inc., Folketrygdfondet, Acadian Asset Management LLC, JPMorgan Chase & Co., Renaissance Technologies LLC, UBS Group AG, Citigroup Inc., and Russell Investments Group Ltd..

Which institutional investors are buying FLEX LNG stock?

FLNG stock was acquired by a variety of institutional investors in the last quarter, including Mondrian Investment Partners LTD, Goldman Sachs Group Inc., Beck Capital Management LLC, Dimensional Fund Advisors LP, Oppenheimer & Co. Inc., Bank of America Corp DE, Mackenzie Financial Corp, and Sigma Planning Corp.

How do I buy shares of FLEX LNG?

Shares of FLNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is FLEX LNG's stock price today?

One share of FLNG stock can currently be purchased for approximately $27.88.

How much money does FLEX LNG make?

FLEX LNG (NYSE:FLNG) has a market capitalization of $1.48 billion and generates $343.45 million in revenue each year. The company earns $162.21 million in net income (profit) each year or $3.209990 on an earnings per share basis.

How many employees does FLEX LNG have?

FLEX LNG employs 8 workers across the globe.

How can I contact FLEX LNG?

FLEX LNG's mailing address is PAR-LA-VILLE PLACE 14 PAR-LA-VILLE ROAD, HAMILTON D0, . The official website for FLEX LNG is www.flexlng.com. The company can be reached via phone at (441) 295-6935 or via fax at 1-441-295-3494.

This page (NYSE:FLNG) was last updated on 6/26/2022 by MarketBeat.com Staff

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