Ready to Jump After Recent Trade: Flex Lng Ltd (FLNG)

With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $26.83 whereas the lowest price it dropped to was $26.11. The 52-week range on FLNG shows that it touched its highest point at $35.72 and its lowest point at $26.22 during that stretch. It currently has a 1-year price target of $29.95. With its current market cap of 1.40 billion, FLNG has annualized dividend of $3.01 while the current yield stands at 11.51%. Beta for the stock currently stands at 0.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLNG was down-trending over the past week, with a drop of -12.53%, but this was down by -14.03% over a month. Three-month performance dropped to -14.25% while six-month performance fell -20.14%. The stock lost -15.45% in the past year, while it has lost -9.94% so far this year. A look at the trailing 12-month EPS for FLNG yields 2.23 with Next year EPS estimates of 2.63. For the next quarter, that number is 0.59. This implies an EPS growth rate of -0.26% for this year and 2.84% for next year.


Float and Shares Shorts:

At present, 53.74 million FLNG shares are outstanding with a float of 30.20 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.52 million, which was 2.82% higher than short shares on Dec 14, 2023. In addition to Mr. Oystein M. Kalleklev as the firm’s Principal Executive Officer, Mr. Knut Traaholt serves as its Principal Financial Officer.

Institutional Ownership:

Through their ownership of 19.87% of FLNG’s outstanding shares, institutional investors have minority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLNG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLNG analysts setting a high price target of $32.13 and a low target of $25.52, the average target price over the next 12 months is $29.95. Based on these targets, FLNG could surge 22.77% to reach the target high and fall by -2.48% to reach the target low. Reaching the average price target will result in a growth of 14.44% from current levels.

Summary of Insider Activity:

Insiders traded FLNG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 500 while 0 shares were sold.