FLNG Stock Recent News
FLNG LATEST HEADLINES
Q1 '23 EBITDA rose 29% and adjusted EPS rose 55%. FLNG yields 9.6% and goes ex-dividend on Monday, 5/30/23.
Flex LNG (FLNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Flex LNG (FLNG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Flex LNG (FLNG) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.45 per share a year ago.
High fuel costs are likely to have dented FLEX LNG's (FLNG) first-quarter 2023 performance.
FLNG yields 8.6%, plus additional percent from its special dividends. 2022 net income and EPS rose more than 15%.
Flex LNG (FLNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
FLEX LNG Ltd. (NYSE:FLNG ) Q4 2022 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev Hi, everybody, and welcome to fourth quarter results presentation for Flex LNG.
Solid charter coverage provides cash flow visibility in the long term. Resilient free cash flow to firm due to secured revenue backlog and nil newbuild capital expenditure.
FLNG operates a fleet of 13 modern LNG carriers. These vessels have a backlog of several years due to demand, with sky-high charter rates. FLNG operates with an EBITDA margin of 76%, with this expected to continue. Dividend yield is currently 9% but with scope to increase.