FLEX LNG Ltd Price, Forecast, Insider, Ratings, Fundamentals & Signals

Hamilton, bermuda , may 8, 2024 /prnewswire/ -- flex lng ltd ("flex lng" or the "company") will release its unaudited financial results for the first quarter of 2024 on thursday may 23, 2024, on or about 07:00 cest (1:00 a.m. est). in connection with the earnings release, a live video webcast will be held at 15:00 cest (9:00 a.m.

Hamilton, bermuda , may 8, 2024 /prnewswire/ -- flex lng, ltd. ("flex lng" or the "company") (ose/nyse: flng) is pleased to announce a new time charter agreement with a large asian lng importer, for the vessel, flex constellation.

Hamilton, bermuda, april 30, 2024 /prnewswire/ -- flex lng ltd. (the "company") advises that the 2024 annual general meeting of the shareholders of the company was held on april 29, 2024 at 12:00 hrs, at hamilton princess and beach club, 76 pitts bay road, hamilton hmcx, bermuda the audited consolidated financial statements for the company for the year ended december 31, 2023 were presented to the meeting.

Hamilton, bermuda , april 17, 2024 /prnewswire/ -- flex lng ltd. (the "company") has received trade notifications from the following persons discharging managerial responsibilities ("pdmr"): Øystein kalleklev, ceo of flex lng management as, has in the period april 15 th and april 16 th, 2024 exercised 87,500 options and subsequently sold 87,500 shares on new york stock exchange for an average price of usd 25.17 per share.

Hamilton, bermuda, april 12, 2024 /prnewswire/ -- flex lng, ltd. ("flex lng" or the "company") (ose/nyse: flng) is pleased to announce that the charterer of flex endeavour has exercised an option to extend the firm period of the time charter by 500 days, from the third quarter 2030 to the first quarter of 2032.

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There are multiple reasons dividend stocks are the first choice for many investors. First, these stocks provide regular cash flows that serve as a passive income source.

The article discusses various aspects of a company's profile, fleet, earnings, guidance, new business, industry trends, dividends, taxes, insiders, profitability & leverage, debt & liquidity, performance, analysts' price targets, and valuations. FLNG yields over 11%, but has received a downgrade from Jefferies due to potential future dividend cuts. FLNG's dividend payout ratio was above 100% in 2023 on an Adjusted EPS and an Operating Cash Flow basis.

Recent weeks witnessed a rebase of the company's equity currency to an 11% - 12% dividend yield on the back of shifting LNG market fundamentals. The company's strong liquidity position and FCFE generation are key to the $0.75 per share dividend distribution despite challenges in the LNG spot market. Investors should tread with caution since any prolonged price weakness may prompt management to adjust the distribution strategy to a more sustainable yield.

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The LNG market seems oversupplied, considering the record-high order book. Going deeper, however, reveals growth potential. FLEX LNG is one of the best ways to play those dynamics. The company has a young fleet equipped with the last generation of power plants. Having a new fleet pays off. FLNG has superior margins, an 81.1% gross margin, and a 76.2% EBITDA margin. FLNG has leveraged its capital structure due to its intensive capital investments.

FLEX LNG Ltd. (FLNG) Q4 2023 Earnings Call Transcript

With tightening of monetary policies, global GDP growth has decelerated. This has resulted in a correction for oil as demand has declined on a relative basis.