FLEX LNG (FLNG)

• Market cap: $1.15B
• 1 day: 0.95%
• 5 days: -2.87%
• 1 month: -19.51%
• 3 months: -18.40%
• 6 months: -21.09%
• Year to date: -28.95%
• 1 year: -28.11%
• 5 years: 99.53%
• 10 years: 90.28%

About: Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Employees: 10

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 22

7% more funds holding

Funds holding: 155 [Q2] → 166 (+11) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 47

0.46% less ownership

Funds ownership: 21.43% [Q2] → 20.97% (-0.46%) [Q3]

7% less call options, than puts

Call options by funds: $14M | Put options by funds: $15M

8% less capital invested

Capital invested by funds: $312M [Q2] → $288M (-$23.6M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $24 13% upside
• Avg. target: $24 13% upside
• High target: $24 13% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Jefferies Omar Nokta 14% 1-year accuracy 8 / 57 met price target

13% upside $24

Hold Maintained

12 Nov 2024