Flex LNG (NASDAQ:FLNG) Announces Earnings Results

Flex LNG (NASDAQ:FLNG) posted its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06, MarketWatch Earnings reports.

NASDAQ FLNG opened at $7.45 on Friday. Flex LNG has a twelve month low of $3.40 and a twelve month high of $11.80. The firm has a market capitalization of $403.07 million and a PE ratio of 4.26. The stock’s 50 day moving average is $6.68 and its 200 day moving average is $5.58.

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a dividend yield of 5.4%. Flex LNG’s dividend payout ratio is presently 22.86%.

Several research firms have recently issued reports on FLNG. BidaskClub cut Flex LNG from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Danske raised Flex LNG from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, DNB Markets raised Flex LNG from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st.

Flex LNG Company Profile

Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of December 31, 2019, it owned and operated six LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was founded in 2006 and is based in Hamilton, Bermuda.

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Earnings History for Flex LNG (NASDAQ:FLNG)

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