FLEX LNG (NYSE:FLNG) Upgraded at Fearnley Fonds

FLEX LNG (NYSE:FLNG) was upgraded by equities researchers at Fearnley Fonds to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Jefferies Financial Group restated a “hold” rating and issued a $23.00 target price on shares of FLEX LNG in a research note on Tuesday, February 4th.

FLEX LNG Stock Down 4.3 %

Shares of NYSE:FLNG opened at $23.77 on Monday. FLEX LNG has a 52 week low of $20.85 and a 52 week high of $30.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.96 and a current ratio of 2.99. The company’s fifty day moving average is $24.15 and its 200-day moving average is $25.02. The company has a market capitalization of $1.28 billion, a PE ratio of 10.91 and a beta of 0.70.

FLEX LNG (NYSE:FLNG) last issued its earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. FLEX LNG had a net margin of 33.03% and a return on equity of 15.61%. During the same period in the prior year, the firm posted $0.70 EPS. Equities research analysts predict that FLEX LNG will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its position in FLEX LNG by 27.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company’s stock worth $59,000 after buying an additional 558 shares in the last quarter. Beck Capital Management LLC lifted its position in FLEX LNG by 0.5% during 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 in the last quarter. Apollon Wealth Management LLC lifted its position in FLEX LNG by 6.3% during the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company’s stock worth $231,000 after buying an additional 600 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in FLEX LNG by 3.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company’s stock worth $516,000 after buying an additional 666 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in FLEX LNG by 465.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $26,000 after purchasing an additional 941 shares during the period.

About FLEX LNG

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.