FLEX LNG (FLNG) Receives a Buy from Kepler Capital

Kepler Capital analyst Petter Haugen maintained a Buy rating on FLEX LNG (FLNGResearch Report) on February 19 and set a price target of NOK100.00. The company’s shares closed last Friday at $8.97.

According to TipRanks.com, Haugen is a 4-star analyst with an average return of 16.0% and a 73.8% success rate. Haugen covers the Industrial Goods sector, focusing on stocks such as Hoegh LNG Partners, Deutsche Post, and Stolt-Nielsen.

FLEX LNG has an analyst consensus of Hold, with a price target consensus of $9.22.

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Based on FLEX LNG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $33.15 million and net profit of $3.82 million. In comparison, last year the company earned revenue of $29.81 million and had a net profit of $468K.

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FLEX LNG Ltd. engages in the operation of carrier vessels. It focuses on the engineering and construction of liquefied natural gas producer units. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in August 2006 and is headquartered in Road Town, British Virgin Islands.