FLEX LNG Ltd. (FLNG)
| Market Cap | 1.29B |
| Revenue (ttm) | 362.65M |
| Net Income (ttm) | 91.86M |
| Shares Out | 53.94M |
| EPS (ttm) | 1.69 |
| PE Ratio | 13.93 |
| Forward PE | 10.95 |
| Dividend | $3.00 (12.51%) |
| Ex-Dividend Date | Aug 29, 2024 |
| Volume | 182,670 |
| Open | 23.75 |
| Previous Close | 23.55 |
| Day's Range | 23.68 - 24.04 |
| 52-Week Range | 22.80 - 31.41 |
| Beta | 0.70 |
| Analysts | Hold |
| Price Target | 24.00 (+0.32%) |
| Earnings Date | Nov 12, 2024 |
About FLNG
FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. FLEX LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda. [Read more]
Financial Performance
In 2023, FLEX LNG's revenue was $371.02 million, an increase of 6.64% compared to the previous year's $347.92 million. Earnings were $120.04 million, a decrease of -36.16%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FLNG stock is "Hold" and the 12-month stock price forecast is $24.0.
News
LNG Shipping Stocks: An Uncertain Future Amid Spot Rate Pressures
The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and pote...
Flex LNG - Announces 15-year Time Charter for Flex Constellation
HAMILTON, Bermuda , Nov. 29, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") for Flex ...
Flex LNG - Ex Date Q3 2024
HAMILTON, Bermuda , Nov. 26, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend o...
FLEX LNG: Great Company, Abysmal Market
FLEX LNG remains a reliable and shareholder-friendly LNG transportation company, despite market headwinds. The company reported stable earnings in line with guidance, declared its 13th consecutive div...
FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade
FLEX reported $90.5 million revenue in 3Q24, compared to $94.6 million in 3Q23. On the other hand, QoQ revenue increased by 6.4%. It declared $17.4 million net income and $0.32EPS. FLEX has a 208% Tot...
Flex LNG - Third Quarter 2024 Earnings Release
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the nine months ended September 30, 2024.
Flex LNG - Key information relating to the cash distribution for the third quarter 2024
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the third quarter 2024.
Flex LNG - Third Quarter 2024 Presentation
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s third quarter 2024 results which will be presented in a live video webcast today at 15:00 CET...
Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029
HAMILTON, Bermuda , Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex...
Flex LNG - Invitation to the 2024 Third Quarter Presentation
HAMILTON, Bermuda , Nov. 5, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the third quarter of 2024 on Tuesday November 12, 2024, on ...
Flex LNG - Company presentation October 2024
HAMILTON, Bermuda , Oct. 16, 2024 /PRNewswire/ -- Flex LNG announces that CFO Knut Traaholt will be meeting with investors in the US and Canada as part of a non-deal roadshow. The presentation used is...
LNG Shipping Stocks: Cautiously Optimistic For Growth Ahead
UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $8...
FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged
FLEX LNG owns 13 LNG carriers with an average age of 4.8 years. Nine of the ships have MEGA/MEGI engines, while the other four have X-DF engines. Despite a 33% QoQ net income decline in 2Q24 due to se...
FLEX LNG: 12% Yield, Tailwinds
FLEX LNG Ltd. benefited from higher LNG prices and shipping rates post-Russia's 2022 invasion of Ukraine, securing long-term charters and raising dividends. Despite a slight drop in Q2 '24 earnings du...
Flex LNG finalize $430 million in new financings
HAMILTON, Bermuda , Oct. 3, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" and/or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce today that the aggregate $430 million of new financings ...
Flex LNG - Mandatory notification of trade by PDMR
HAMILTON, Bermuda , Sept. 20, 2024 /PRNewswire/ -- Flex LNG Ltd.
FLEX LNG - Presentation at the Pareto Securities' 31st Energy Conference
HAMILTON, Bermuda , Sept. 12, 2024 /PRNewswire/ -- CEO Øystein Kalleklev will be presenting Flex LNG today at the 31st Energy Conference hosted by Pareto Securities.
FLEX LNG: A Bond-Like 11.9% Yield To Lock Before Rate Cuts
FLEX LNG's 11.9% dividend is well-supported by long-term charters, providing stable earnings even during temporary market softness. Lower EPS in Q2 was due to vessel drydockings and seasonal softness,...
Flex LNG - Ex Date Q2 2024
HAMILTON, Bermuda , Aug. 28, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend o...
FLEX LNG Ltd. (FLNG) Q2 2024 Earnings Call Transcript
FLEX LNG Ltd. (NYSE:FLNG) Q2 2024 Earnings Conference Call August 14, 2024 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein ...
Flex LNG - Key information relating to the cash distribution for the second quarter 2024
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the second quarter 2024.
Flex LNG - Second Quarter 2024 Presentation
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s second quarter 2024 results which will be presented in a live video webcast today at 15:00 CE...
Flex LNG - Second Quarter 2024 Earnings Release
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the six months ended June 30, 2024.
LNG Shipping Stocks: Market Turbulence Affects Shippers With Mixed Results
UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners...