FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade Nov. 22, 2024 1:08 AM ET [Seeking Alpha]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Seeking Alpha
On the other hand, QoQ revenue increased by 6.4%. It declared $17.4 million net income and $0.32EPS. FLEX has a 208% Total Debt to Equity. The company reported $289 million cash and $330 million fully undrawn revolving tranches. For 3Q24, FLEX announced a $0.75/share dividend. The LTM yield is 11.85%. The payout ratio is 143%. FLEX was part of my book. I see better opportunities in other stocks. In the coming months, if Mr. Market feels depressed and the FLEX stock price falls below 100% PNAV, the company will become appealing again. Note: I previously covered FLEX LNG ( NYSE: FLNG ) in October . FLEX owns a young, high-spec fleet and distributes attractive dividends. At the time of publication, FLEX traded at 112% PNAV. Nevertheless, I gave the company a Buy rating because of its strengths. Recommended For You Recommended For You
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FLNG
News
- Flex LNG Ltd (FLNG) Q3 2024 Earnings Call Highlights: Strong Cash Position and Dividend Amid ... [Yahoo! Finance]Yahoo! Finance
- FLEX LNG Ltd. (NYSE: FLNG) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $24.00 price target on the stock.MarketBeat
- Flex LNG - Third Quarter 2024 Earnings Release [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Third Quarter 2024 Earnings ReleasePR Newswire
- Flex LNG - Key information relating to the cash distribution for the third quarter 2024PR Newswire
FLNG
Earnings
- 11/12/24 - Miss
FLNG
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 10/2/24 - Form F-3ASR
- FLNG's page on the SEC website