According to The Fly, analysts at Danske reevaluated their position on Flex LNG (NYSE: FLNG) on Thursday. In a research note distributed to investors, the analysts changed their “buy” recommendation to a “hold” one. Other industry experts have also disseminated the conclusions of their research on the company, which they conducted on it.
The rating that SEB Equity Research has assigned to Flex LNG has been lowered to “hold,” and the research firm has also predicted that the price objective for the company will be $280.00. On June 8, 2013, FLEX LNG released a study report, and on Wednesday, July 20, 2013, they started offering the firm’s coverage in the form of a research note. They suggested that shareholders “keep” their existing amounts of firm stock to themselves. The earlier recommendation of “buy” for FLEX LNG by DNB Markets is altered to a ” hold ” request in a research note released on May 9. The research note released by SEB Equities on June 8 revealed that the company’s rating for FLEX LNG had been changed from “buy” to “hold” at the time of publication. The initial rating of “d” for FLEX LNG has been upgraded to a “b-” according to a report published by TheStreet on Monday, June 13. It is an improvement over the previous rating.
The consensus of five research experts is that this stock should continue to be held in their portfolios.According to the information made available by Bloomberg, the firm currently carries an average recommendation of “Hold,” It is projected to reach a price of $280.00 shortly. FLEX engages in both the buying and selling of LNG. Up 6.2%, FLNG shares officially started trading for the first time on Thursday at $35.76 per share. The debt-to-equity ratio, the current ratio, and the quick ratio all add up to 1.68, and their respective values range from 1.57 to 1.52, depending on the context. According to the most recent information, the company’s earnings-to-price ratio is 11.14, and its beta value is 1.09.
The market capitalization of the company is now estimated at $1.90 billion. The price of the stock’s simple moving average over the past 50 days is $29.88, while the cost of its simple moving average over the past 200 days is $27.33. During the previous twelve months, the price of FLEX LNG fluctuated between a low of $14.71 and a high of $39.99. FLEX LNG Institutional Trading and Large-Scale Trading Recently, several well-known investors have either increased the amount of ownership they currently hold in the firm or decreased the amount of ownership they previously held. Either way, their interests in the company have changed. $25,000 was invested in FLEX LNG by Clear Street Markets LLC in a brand-new transaction during the second quarter.
During the first three months of 2018, the National Bank of Canada FI spent $32,000 to buy a new stake in Flex LNG shares. During the last three months of 2018, the Swiss National Bank, also known as Cantonalbank, boosted the proportion of FLEX LNG in which it had invested by 396.3 percent. Bank Nationale der Schweiz There are now a total of 2,020 shares in the company held by Zurich Cantonalbank, which have an estimated value of $44,000. The financial institution purchased an additional 1,613 shares during the fiscal quarter. The value of the new investment that Baldwin Brothers LLC made in FLEX LNG during the second quarter of 2018 was about $68,000.
Last but not least, during the first three months of this year, Skandinaviska Enskilda Banken AB publ raised the amount of money it had previously invested in FLEX LNG by 104.2%. As a result, the value of Skandinaviska Enskilda Banken AB publ’s total stock holdings has increased to $133,000 due to the acquisition of 2,380 extra shares of the company’s stock after three months. Institutional investors and hedge funds own 15.88% of the company’s total outstanding stock. Specifics on the FLEX LNG delivery system One of the things that Flex LNG Ltd. is responsible for doing in the field of LNG is ensuring that liquefied natural gas is transported safely across international waterways. As of February 16, 2022, it had nine M-type electronically controlled gas injection LNG carriers that it owned and operated.
Aside from that, it held and rented out four ships, each of which had a generation X dual fuel propulsion system.
