FLEX LNG (NYSE:FLNG) Receives Hold Rating from Jefferies Financial Group

FLEX LNG (NYSE:FLNG)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Tuesday,Benzinga reports. They presently have a $23.00 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 10.64% from the stock’s current price.

FLEX LNG Stock Performance

FLEX LNG stock opened at $25.74 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. FLEX LNG has a fifty-two week low of $20.85 and a fifty-two week high of $30.48. The stock has a fifty day moving average of $23.82 and a two-hundred day moving average of $25.16. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.14 and a beta of 0.70.

FLEX LNG (NYSE:FLNG) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. FLEX LNG had a net margin of 25.33% and a return on equity of 16.27%. On average, analysts anticipate that FLEX LNG will post 2.3 EPS for the current fiscal year.

Institutional Trading of FLEX LNG

Several large investors have recently modified their holdings of the business. Beck Capital Management LLC lifted its position in shares of FLEX LNG by 0.5% in the 3rd quarter. Beck Capital Management LLC now owns 111,891 shares of the company’s stock worth $2,847,000 after buying an additional 583 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of FLEX LNG by 6.3% in the fourth quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company’s stock valued at $231,000 after purchasing an additional 600 shares during the period. The Manufacturers Life Insurance Company boosted its position in FLEX LNG by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,935 shares of the company’s stock worth $296,000 after acquiring an additional 652 shares during the period. Atria Wealth Solutions Inc. raised its holdings in FLEX LNG by 3.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company’s stock worth $516,000 after purchasing an additional 666 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of FLEX LNG by 7.7% in the 2nd quarter. Squarepoint Ops LLC now owns 11,326 shares of the company’s stock worth $306,000 after buying an additional 806 shares in the last quarter.

FLEX LNG Company Profile

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.