Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual fuel LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
IPO Year: 2019
Exchange: NYSE
Website: flexlng.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2024 | $24.00 | Underperform → Hold | Jefferies |
| 2/27/2024 | $32.00 → $23.00 | Hold → Underperform | Jefferies |
| 2/16/2023 | Buy → Hold | Danske Bank | |
| 7/21/2022 | $26.00 | Hold | Jefferies |
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
F-3ASR - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
6-K - Flex LNG Ltd. (0001772253) (Filer)
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SC 13G/A - Flex LNG Ltd. (0001772253) (Subject)
SC 13G/A - Flex LNG Ltd. (0001772253) (Subject)
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SC 13G - Flex LNG Ltd. (0001772253) (Subject)
SC 13G/A - Flex LNG Ltd. (0001772253) (Subject)
SC 13G - Flex LNG Ltd. (0001772253) (Subject)
SC 13G - Flex LNG Ltd. (0001772253) (Subject)
Jefferies upgraded FLEX LNG from Underperform to Hold and set a new price target of $24.00
Jefferies downgraded FLEX LNG from Hold to Underperform and set a new price target of $23.00 from $32.00 previously
Danske Bank downgraded FLEX LNG from Buy to Hold
Jefferies initiated coverage of FLEX LNG with a rating of Hold and set a new price target of $26.00
BTIG downgraded Flex LNG from Buy to Neutral
Danske downgraded Flex LNG from Buy to Hold
Danske upgraded Flex LNG from Hold to Buy
Kepler Capital Markets resumed coverage of Flex LNG with a rating of Buy
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. Highlights: * Vessel operating revenues of $90.5 million for the third quarter 2024, compared to $84.7 million for the second quarter 2024. * Net income of $17.4 million and basic earnings per share of $0.32 for the third quarter 2024, compared to net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024. * Average Time Charter Equivalent ("TCE") rate of $75,426 per day for the third quarter 2024, compared to $72,385 per day for the second quarter 2024. * Adjusted EBITDA
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. The distribution will be made from the Company's Contributed Surplus Account. Please note that from May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange ("NYSE") will be shortened from T+2 to T+1 (of which T equals trading date), while the Oslo Stock Exchange ("OSE") will continue to settle its trades on a T+2 basis. As a result, there will be different dates between the two stock exchanges, as set out below. During these interim days, investors may be restri
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 (09:00 a.m. EST). In order to watch the webcast, use the following link: Third Quarter 2024 Earnings Presentation A Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session. In conjunction with the quarterly results, we have published a short teaser with the highlights of the second quarter. The video can be accessed through the following link: YouTube Link The short video and the third quarter 2024 presentation can also be
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 Resolute, a Supermajor, to amend the existing Time Charter Agreements ("TC") for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039. As communicated by the Company on November 1, 2021, Flex LNG and the Charterer then agreed TCs for the two ships with commencement during the first quarter of 2022 where the firm period was three years for each of the LNG carriers and where the Charterer could
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 or about 07:00 CET (1:00 a.m. EST). In connection with the earnings release, a live video webcast will be held at 15:00 CET (9:00 a.m. EST) on the same day. In order to attend, use the following link to register and watch the webcast: Link to register and watch webcast We encourage listeners to register for the webcast 5-10 minutes prior to start. A Q&A session will be held after the presentation. Information on how to submit questions will be given at the beginning of the presentation. You can
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 attached hereto and is also available on our web page. For further information, please contact:Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS Telephone: +47 23 11 40 00 Email: [email protected] About FLEX LNG Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). The
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy and
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 announced in the Q2-2024 report have been completed according to plan with net proceeds of about $97 million. On September 24, 2024, the new $270 million bank facility financing Flex Aurora and Flex Ranger was completed, and the previous $375 million bank facility was repaid in full. Consequently, the Flex Endeavour was unencumbered at end of Q3-2024. On October 3, 2024, the Company successfully closed the new $160 million JOLCO lease for Flex Endeavour at very attractive terms. As announced in
HAMILTON, Bermuda, Sept. 20, 2024 /PRNewswire/ -- Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMR"): Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period September 18th and September 19th, 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares. Knut Traaholt, CFO of Flex LNG Management AS, has in the period September 18th and September 19th, 2024 exercised 48,000 options and subsequently sold 48,000 shares on New York Stock Exchange for a
NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy an
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. Highlights: * Vessel operating revenues of $90.5 million for the third quarter 2024, compared to $84.7 million for the second quarter 2024. * Net income of $17.4 million and basic earnings per share of $0.32 for the third quarter 2024, compared to net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024. * Average Time Charter Equivalent ("TCE") rate of $75,426 per day for the third quarter 2024, compared to $72,385 per day for the second quarter 2024. * Adjusted EBITDA
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 of USD 0.75 per share as of today, August 28, 2024. The dividend will be paid to shareholders on OSE on or about September 17, 2024. The shares traded on the New York Stock Exchange ("NYSE") will be traded ex dividend of USD 0.75 per share on August 29, 2024. The dividend will be paid to shareholders on NYSE on or about September 12, 2024. For further information, please contact:Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected] Ab
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. Highlights: Vessel operating revenues of $84.7 million for the second quarter 2024, compared to $90.2 million for the first quarter 2024.Net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024, compared to net income of $33.2 million and basic earnings per share of $0.62 for the first quarter 2024.Average Time Charter Equivalent ("TCE") rate of $72,385 per day for the second quarter 2024, compared to $76,539 per day for the first quarter 2024.Adjusted EBITDA of $63.2 million
HAMILTON, Bermuda, June 7, 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 of USD 0.75 per share as of today, June 7, 2024. The dividend will be paid to shareholders on OSE on or about June 26, 2024. The shares traded on the New York Stock Exchange ("NYSE") will be traded ex dividend of USD 0.75 per share on June 10, 2024. The dividend will be paid to shareholders on NYSE on or about June 21, 2024. For further information, please contact:Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected] About Flex LNG Flex
HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months ended March 31, 2024. Highlights: Vessel operating revenues of $90.2 million for the first quarter 2024, compared to $97.2 million for the fourth quarter 2023.Net income of $33.2 million and basic earnings per share of $0.62 for the first quarter 2024, compared to net income of $19.4 million and basic earnings per share of $0.36 for the fourth quarter 2023.Average Time Charter Equivalent ("TCE") rate of $76,539 per day for the first quarter 2024, compared to $81,114 per day for the fourth quarter 2023.Adjusted EBITDA of $70.6 millio
HAMILTON, Bermuda, Feb. 22, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) will be traded ex dividend of USD 0.75 per share for the fourth quarter of 2023 as of today, February 22, 2024. The dividend will be paid on or about March 5, 2024. Due to the implementation of CSDR in Norway, dividends payable to shares registered with Euronext VPS will be distributed on or about March 8, 2024. For further information, please contact:Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected] About Flex LNG Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirte
HAMILTON, Bermuda, Feb. 7, 2024 /PRNewswire/ -- Key information relating to the cash dividend to be paid by Flex LNG Ltd. (Ticker: FLNG) for the fourth quarter 2023. Dividend amount: $0.75Declared currency: USD. Dividends payable to shares registered with Euronext VPS will be distributed in NOK.Last day including right: February 21, 2024Ex-date: February 22, 2024Record date: February 23, 2024Payment date: On or about March 5, 2024. Due to the implementation of CSDR in Norway, dividends payable to shares registered with Euronext VPS will be distributed on or about March 8, 2024.Date of approval: February 6, 2024 For more info please contact: Knut Traaholt, Chief Financial Officer of Flex LNG
HAMILTON, Bermuda, Feb. 7, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2023. Highlights: Vessel operating revenues of $97.2 million for the fourth quarter 2023, compared to $94.6 million for the third quarter 2023.Net income of $19.4 million and basic earnings per share of $0.36 for the fourth quarter 2023, compared to net income of $45.1 million and basic earnings per share of $0.84 for the third quarter 2023.Average Time Charter Equivalent ("TCE") rate of $81,114 per day for the fourth quarter 2023, compared to $79,207 per day for the third quarter 2023.Adjusted EBITDA of
LNGG tracks the Alerian Liquefied Natural Gas Index, providing access to leading companies across the Liquefied Natural Gas (LNG) value chain. LNGG is the world's first dedicated LNG ETF. NEW YORK, Sept. 22, 2023 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill Alerian LNG ETF (LNGG), which begins trading on the NYSE Arca today. LNGG is the world's first dedicated LNG ETF. "LNG represents a transformative frontier in the energy sector, and its growth trajectory is evident from it
June 23, 2022Hamilton, Bermuda. Flex LNG agrees 24 years of backlog for three LNG carriers Flex LNG, Ltd. ("Flex LNG" or the "Company") (NYSE:FLNG) is pleased to announce new Time Charter Agreements for Flex Rainbow, Flex Enterprise and Flex Amber which are the three open positions we have been marketing. Flex LNG and the Charterer of Flex Enterprise and Flex Amber, a supermajor, have agreed to replace the existing variable Time Charters which are due October 2023 and March 2024 with new fixed hire Time Charters. The duration of each of the new Time Charters is seven years. The commencement of the new Time Charters will be in the third quarter of 2022 with expiry thus in third
On CNBC's “Halftime Report Final Trades,” DCLA managing partner Sarat Sethi said he likes dividend and cash flow of Chevron Corporation (NYSE:CVX). Chevron and Exxon Mobil Corporation (NYSE:XOM), reportedly plan to file a federal lawsuit to oppose the Biden administration's efforts to cut emissions from cars and light trucks and promote electric vehicle manufacturing. Don't forget to check out our premarket coverage here Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said FLEX LNG Ltd. (NYSE:FLNG) has a 12% dividend yield. On May 23, Flex LNG posted better-than-expected results for its first quarter. Jim Lebenthal of Cerity Partners said he purchased Adobe Inc. (
Jefferies analyst Omar Nokta maintains Flex LNG (NYSE:FLNG) with a Underperform and raises the price target from $23 to $25.
Flex LNG (NYSE:FLNG) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.58 by 20.69 percent. This is a 6.06 percent increase over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $90.200 million which beat the analyst consensus estimate of $90.000 million by 0.22 percent. This is a 2.46 percent decrease over sales of $92.477 million the same period last year.
Flex LNG, Ltd. ("Flex LNG" or the "Company") (NYSE:FLNG) is pleased to announce a new Time Charter agreement with a large Asian LNG importer, for the vessel, Flex Constellation. The Time Charter commenced on May 7 with a minimum period of 312 days i.e. until end of first quarter of 2025. The charterer has the option to extend the charter by an additional one-year period until end of first quarter 2026. Flex Constellation is a large 173,400 cbm LNG carrier delivered from Hanwha Ocean in South Korea to Flex LNG in June 2019. She is equipped with modern two-stroke propulsion (MEGI) and Partial Reliquification System (PRS) which enable the ship to reduce the active boil-off rate to an attractiv
On CNBC’s "Halftime Report Final Trades," Steve Weiss of Short Hills Capital Partners said he has bought some puts on Invesco QQQ Trust (NASDAQ: QQQ). Jenny Harrington of Gilman Hill Asset Management, LLC said FLEX LNG Ltd. (NYSE:FLNG) has a 12% dividend yield. On Feb. 7, Flex LNG posted better-than-expected earnings for its fourth quarter, while sales missed market estimates, according to data from Benzinga Pro. Don’t forget to check out our premarket coverage here Kari Firestone of Aureus Asset Management named Westinghouse Air Brake Technologies Corporation (NYSE:WAB) as her final trade. On Feb. 26, Wabtec priced its public offering of $500 million of 5.611% senior notes d
Øystein Kalleklev, CEO of Flex LNG Management AS, commented: "We are pleased that the charterer of Flex Courageous has decided to extend the Time Charter in line with what was recently done for Flex Resolute. This means that earliest redelivery for the ship is 2027 where the charterer has a further option to extend her until 2029. Flex LNG has approx. 94% charter coverage for the remaining part of 2024, so we remain well positioned with only one ship, Flex Constellation, coming open during the second quarter which is usually when the freight market starts to tighten again after the seasonal adjustment coming out of the winter."
Companies Reporting Before The Bell • Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million. • Scotts Miracle Gro (NYSE:SMG) is expected to report quarterly loss at $1.53 per share on revenue of $412.83 million. • TotalEnergies (NYSE:TTE) is projected to report quarterly earnings at $2.28 per share on revenue of $41.80 billion. • Equinor (NYSE:EQNR) is likely to report earnings for its fourth quarter. • Euronet Worldwide (NASDAQ:EEFT) is estimated to report quarterly earnings at $1.76 per share on revenue of $944.71 million. • Flex LNG (NYSE:FLNG) is likely to report quarterly earnings at $0.67 per share on revenue of $9