NYSE:FLNG

FLEX LNG (FLNG) Stock Forecast, Price & News

$29.79

-0.61 (-2.01%)

(As of 05/31/2023 ET)

Compare

Today's Range: $29.36
▼
$30.25
50-Day Range: $29.79
▼
$35.47
52-Week Range: $23.25
▼
$38.24

Volume: 430,757 shs
Average Volume: 449,117 shs
Market Capitalization: N/A

P/E Ratio: 10.72
Dividend Yield: 10.07%
Price Target: $158.00

FLEX LNG MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 430.4% Upside
$158.00 Price Target
Short Interest: Bearish
5.59% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.28
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.10%
From $2.95 to $3.13 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
FLEX LNG has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $158.00, FLEX LNG has a forecasted upside of 430.4% from its current price of $29.79.
Amount of Analyst Coverage
FLEX LNG has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.59% of the float of FLEX LNG has been sold short.
Short Interest Ratio / Days to Cover
FLEX LNG has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FLEX LNG has recently increased by 5.44%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
FLEX LNG is a leading dividend payer. It pays a dividend yield of 9.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
FLEX LNG does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of FLEX LNG is 107.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, FLEX LNG will have a dividend payout ratio of 95.85% in the coming year. This indicates that FLEX LNG may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FLNG.

2.4

News and Social Media Coverage

News Sentiment
FLEX LNG has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for FLEX LNG this week, compared to 2 articles on an average week.
Search Interest
75 people have searched for FLNG on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.
MarketBeat Follows
Only 19 people have added FLEX LNG to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FLEX LNG insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.32% of the stock of FLEX LNG is held by insiders.
Percentage Held by Institutions
Only 20.60% of the stock of FLEX LNG is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for FLEX LNG are expected to grow by 6.10% in the coming year, from $2.95 to $3.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FLEX LNG is 10.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of FLEX LNG is 10.72, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 23.18.
Price to Book Value per Share Ratio
FLEX LNG has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FLEX LNG (NYSE:FLNG) Stock

Flex LNG Ltd. is an emerging leader in the sea-borne transport of liquified natural gas. Liquified natural gas is an economically feasible manner to ship natural gas, but it requires processing at both ends of the shipping process. The company’s objective is to outperform industry peers by focusing on the newest, most efficient vessel types that are available. In regard to reducing global emissions, LNG is the most efficient use of hydrocarbons available, and it is coming under increasingly heavy demand.

Flex LNG was formally launched in 2006 with a British Virgin Islands registration. The company IPOd with a listing in Norway in 2009, and it has been in operation ever since. In 2017 the company redomiciled itself to Bermuda which led to listing on the Oslo stock exchange and then the New York Stock Exchange in 2019.

In 2019 the company also shifted away from rented vessels to in-house management. The company now operates and maintains 13 of its own fuel-efficient LNG carriers including 9 M-type and 4 X-DF-type vessels. The management company’s home port is Oslo, Norway.

Up until 2010, the bulk of LNG carriers were using steam-powered turbines to drive the propulsion systems. That began to change in the early 2000s and then in 2010, a major advancement was made. Engineers began designing slow-speed two-stroke dual-fuel engines that burn a blend of natural gas and marine diesel (or other fuels) highly efficiently.

The two types are M and X-DF which are based on high and low-pressure systems. M-type or MEGI LNG vessels are designed to be significantly more fuel-efficient than the then-current standard and offer appreciable savings to operators. X-DF vessels are another type of fuel-efficient LNG vessel that capitalize on low-pressure technology used by other engine types. The engines also provide greater flexibility because they can burn different types of fuels depending on operating costs.

Today Flex LNG and its network of subsidiaries provide seaborne transportation of liquified natural gas globally. The company also offers chartering and management services to other natural gas carriers. The company does not have an official dividend policy but it aims to distribute free cash to investors as it becomes available. There is a dividend reinvestment plan for shareholders of record. The stock only has 1 class of shares, ordinary, that come with a par of $0.10 following a reverse stock split that was enacted in 2019.

Business is supported by the growing global demand for natural gas and LNG. The company's shipping schedule tends to stay booked out 2 to 3 years from the present with many ships booked on charters/routes for 5 or more years. One deal, with Cheniere Energy, allows for up to 19 years of use and the charter can be extended if needed. This provides a stable and steady revenue stream for the company and dividends for investors. Institutional ownership in this stock tends to run high as well. Total revenue in 2022 was $26 billion and expected to grow at a near10% CAGR.

Receive FLNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for FLEX LNG and its competitors with MarketBeat's FREE daily newsletter.

FLNG Stock News Headlines

May 31, 2023 | fool.com

Flex Lng (NYSE: FLNG)

May 30, 2023 | americanbankingnews.com

FLEX LNG Ltd. (NYSE:FLNG) to Issue $0.75 Quarterly Dividend

May 31, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

May 30, 2023 | finance.yahoo.com

Flex LNG - Ex Date Q1 2023

May 26, 2023 | seekingalpha.com

FLEX LNG: 9% Yield, Strong Q1 Earnings, Tailwinds

May 20, 2023 | americanbankingnews.com

FLEX LNG Ltd. Plans Quarterly Dividend of $0.75 (NYSE:FLNG)

May 18, 2023 | finance.yahoo.com

Flex LNG (FLNG) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

May 18, 2023 | americanbankingnews.com

FLEX LNG (NYSE:FLNG) Shares Gap Down to $32.34

May 31, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

May 17, 2023 | markets.businessinsider.com

FLEX LNG (FLNG) Gets a Hold from Kepler Capital

May 17, 2023 | msn.com

Flex Lng (FLNG) Declares $0.75 Dividend

May 16, 2023 | msn.com

Flex LNG Clocks 24% Revenue Increase In Q1, Reaffirms 2023 Outlook

May 16, 2023 | finance.yahoo.com

Correction: Flex LNG - Key information relating to the cash dividend to by paid by Flex LNG for the first quarter 2023

May 16, 2023 | seekingalpha.com

FLEX LNG Ltd. 2023 Q1 - Results - Earnings Call Presentation

May 16, 2023 | finance.yahoo.com

Flex LNG - First Quarter 2023 Earnings Release

May 16, 2023 | finance.yahoo.com

Flex LNG - First Quarter 2023 Presentation

May 16, 2023 | finance.yahoo.com

Flex LNG - Key information relating to the cash dividend to by paid by Flex LNG for the first quarter 2023

May 15, 2023 | finance.yahoo.com

FLEX LNG (FLNG) to Report Q1 Earnings: What's in Store?

May 9, 2023 | finance.yahoo.com

Flex LNG - Annual General Meeting 2023

May 5, 2023 | americanbankingnews.com

FLEX LNG Ltd. (NYSE:FLNG) Receives $158.00 Average Price Target from Brokerages

May 3, 2023 | finance.yahoo.com

Flex LNG - 2022 Annual ESG Report

May 3, 2023 | seekingalpha.com

FLEX LNG's Contracts Give It Strong Earnings Visibility

May 2, 2023 | finance.yahoo.com

Flex LNG - Invitation to the Q1 2023 presentation

May 1, 2023 | americanbankingnews.com

Financial Review: Caspian Services (OTCMKTS:CSSV) versus FLEX LNG (NYSE:FLNG)

April 27, 2023 | americanbankingnews.com

FLEX LNG Ltd. to Post FY2023 Earnings of $3.06 Per Share, Jefferies Financial Group Forecasts (NYSE:FLNG)

April 13, 2023 | finance.yahoo.com

Flex LNG - Presentation at ABG Sundal Collier's Shipping Semiar

April 11, 2023 | americanbankingnews.com

Critical Survey: Caspian Services (OTCMKTS:CSSV) versus FLEX LNG (NYSE:FLNG)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive FLNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for FLEX LNG and its competitors with MarketBeat's FREE daily newsletter.

FLNG Company Calendar

Last Earnings: 11/16/2021
Ex-Dividend for 6/13 Dividend: 5/30/2023
Today: 5/31/2023
Ex-Dividend for 6/16 Dividend: 5/31/2023
Dividend Payable: 6/13/2023
Dividend Payable: 6/16/2023
Next Earnings (Estimated): 8/23/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water transportation
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:FLNG
CUSIP: N/A
CIK: 1772253
Web: www.flexlng.com
Phone: 441-295-6935
Fax: 1-441-295-3494
Employees: 8
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $158.00
High Stock Price Forecast: $280.00
Low Stock Price Forecast: $36.00
Forecasted Upside/Downside: +428.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.78
Trailing P/E Ratio: 10.76
Forward P/E Ratio: 10.14
P/E Growth: N/A
Net Income: $188.04 million
Net Margins: 40.68%
Pretax Margin: 40.71%
Return on Equity: 18.39%
Return on Assets: 6.09%

Debt

Debt-to-Equity Ratio: 2.05
Current Ratio: 3.23
Quick Ratio: 3.20

Sales & Book Value

Annual Sales: $347.92 million
Price / Sales: N/A
Cash Flow: $4.09 per share
Price / Cash Flow: 7.31
Book Value: $17.05 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.93

Key Executives

Øystein Moksheim Kalleklev
Chief Executive Officer

Knut Traaholt
Chief Financial Officer

Jannicke Eilertsen
Compliance Officer

H. Marius Foss
Chief Commercial Officer

Halfdan Marius Foss
Chief Commercial Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

FLNG Stock - Frequently Asked Questions

Should I buy or sell FLEX LNG stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FLEX LNG in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FLNG shares. 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 FLNG analyst ratings or view top-rated stocks.
What is FLEX LNG's stock price forecast for 2023?: 5 analysts have issued twelve-month price targets for FLEX LNG's shares. Their FLNG share price forecasts range from $36.00 to $280.00. On average, they expect the company's share price to reach $158.00 in the next year. This suggests a possible upside of 428.1% from the stock's current price.
View analysts price targets for FLNG or view top-rated stocks among Wall Street analysts.
How have FLNG shares performed in 2023?: FLEX LNG's stock was trading at $32.69 at the start of the year. Since then, FLNG stock has decreased by 8.5% and is now trading at $29.92.
View the best growth stocks for 2023 here.
Are investors shorting FLEX LNG?: FLEX LNG saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,550,000 shares, an increase of 5.4% from the April 30th total of 1,470,000 shares. Based on an average trading volume of 427,800 shares, the days-to-cover ratio is presently 3.6 days. Currently, 5.6% of the company's stock are short sold.
View FLEX LNG's Short Interest.
When is FLEX LNG's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our FLNG earnings forecast.
How were FLEX LNG's earnings last quarter?: FLEX LNG Ltd. (NYSE:FLNG) released its quarterly earnings data on Tuesday, November, 16th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The company earned $81.76 million during the quarter. FLEX LNG had a trailing twelve-month return on equity of 18.39% and a net margin of 40.68%.
How often does FLEX LNG pay dividends? What is the dividend yield for FLEX LNG?: FLEX LNG announced a quarterly dividend on Tuesday, May 16th. Investors of record on Wednesday, May 31st will be given a dividend of $0.75 per share on Tuesday, June 13th. This represents a $3.00 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for FLNG.

What ETF holds FLEX LNG's stock ?: Global X SuperDividend ETF holds 227,413 shares of FLNG stock, representing 1.04% of its portfolio.
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 9.62%. FLNG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 107.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FLNG will have a dividend payout ratio of 95.85% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FLNG.
What guidance has FLEX LNG issued on next quarter's earnings?: FLEX LNG issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $370.00 million-$370.00 million.
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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.68%), Folketrygdfondet (0.00%), State Street Corp (0.80%), Susquehanna International Group LLP (0.00%), Bank of America Corp DE (0.55%) and JPMorgan Chase & Co. (0.00%).
How do I buy shares of FLEX LNG?: Shares of FLNG stock 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 $29.92.
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 the company 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 5/31/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

FLEX LNG (FLNG) Stock Forecast, Price & News

FLEX LNG MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About FLEX LNG (NYSE:FLNG) Stock

FLNG Stock News Headlines

FLNG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

FLNG Stock - Frequently Asked Questions

Overall MarketRank^™