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FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged
Seeking Alpha· 2024-10-05 08:28
Note: I previously covered FLEX LNG (NYSE: FLNG ) in April. In the article, I wrote about FLNG's strengths: its high-spec fleet, attractive dividends, and healthy balance sheet. The company offered a good balance between fleet qualities, LTV, yields, and valuation. In April, FLNG traded at 103% PNAV. I gaveI am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the kids are grown ...
FLEX LNG: 12% Yield, Tailwinds
Seeking Alpha· 2024-10-04 13:15
With Hidden Dividend Stocks Plus he scours the world's markets to find solid income opportunities with dividend yields ranging from 5% to 10% or more, backed by strong earnings. Features include: a portfolio with up to 40 holdings at a time including links to associated articles, a dividend calendar, weekly research articles, exclusive ideas, and trade alerts. Learn More .Robert Hauver, MBA, aka “Double Dividend Stocks” was VP of Finance for an industry-leading corporation for 18 years and has been investin ...
Why Flex (FLEX) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-10-03 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Flex (FLEX) . This company, which is in the Zacks Electronics - Miscellaneous Products industry, shows potential for another earnings beat.When looking at the last two reports, this electronics designer and manufacturer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.01%, o ...
Flex LNG finalize $430 million in new financings
Prnewswire· 2024-10-03 08:11
HAMILTON, Bermuda, Oct. 3, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" and/or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce today that the aggregate $430 million of new financings announced in the Q2-2024 report have been completed according to plan with net proceeds of about $97 million.On September 24, 2024, the new $270 million bank facility financing Flex Aurora and Flex Ranger was completed, and the previous $375 million bank facility was repaid in full. Consequently, the Flex Endeav ...
Flex Stock Up 14% in the Past Six Months: Will the Rally Last?
ZACKS· 2024-09-24 12:16
Flex Ltd (FLEX) has witnessed strong momentum in the past year, with its shares rising 14.2% compared with the S&P 500 composite and the subindustry’s growth of 9.4% and 6.9%, respectively.The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 15%. The stock is still down 4% from its 52-week high level of $34.12 on May 30, 2024.Flex has evolved into an end-to-end solutions provider where it is engaged in design, procurement, manufactur ...
Flex LNG - Mandatory notification of trade by PDMR
Prnewswire· 2024-09-20 14:10
HAMILTON, Bermuda, Sept. 20, 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 September 18th and September 19th, 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares.Knut Traahol ...
Flex Named to TIME's World's Best Companies List for Second Consecutive Year
Prnewswire· 2024-09-19 13:05
AUSTIN, Texas, Sept. 19, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced its inclusion on TIME's 2024 World's Best Companies list, a comprehensive analysis conducted to identify the top performing companies across the globe. "We are honored to join this year's list of TIME's World's Best Companies," said Revathi Advaithi, Chief Executive Officer of Flex. "This recognition is a direct reflection of our commitment to creating a safe, inclusive and respectful work environment, embracing sustainable manufact ...
Flex Releases its 2024 Sustainability Report
Prnewswire· 2024-09-12 13:05
AUSTIN, Texas, Sept. 12, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today published its 2024 sustainability report, highlighting the company's global sustainability performance and progress from calendar year 2023. Flex's 2030 sustainability strategy, goals and initiatives focus on minimizing the company's environmental impact, creating a safe, inclusive, and respectful work environment, investing in communities, driving ethical practices with transparency, and accelerating a more sustainable value chain in p ...
FLEX LNG - Presentation at the Pareto Securities' 31st Energy Conference
Prnewswire· 2024-09-12 07:30
HAMILTON, Bermuda, Sept. 12, 2024 /PRNewswire/ -- CEO Øystein Kalleklev will be presenting Flex LNG today at the 31st Energy Conference hosted by Pareto Securities. The presentation is attached hereto and is also available on our website.For further information, please contact:Knut TraaholtChief Financial OfficerFlex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected] About FLEX LNGFlex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consist ...
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024
GlobeNewswire News Room· 2024-09-11 20:15
EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisi ...