Flex LNG (NYSE:FLNG) Upgraded to "Hold" at Wall Street Zen

Flex LNG (NYSE:FLNG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.3 Small-Cap Stocks That Offer Big DividendsSeparately, Weiss Ratings restated a "hold (c)" rating on shares of Flex LNG in a research note on Monday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.00.Read Our Latest Analysis on Flex LNGFlex LNG Stock Up 0.7%NYSE FLNG opened at $24.51 on Friday. Flex LNG has a twelve month low of $19.46 and a twelve month high of $27.67. The stock has a market cap of $1.32 billion, a PE ratio of 13.39 and a beta of 0.35. The firm has a 50-day simple moving average of $25.67 and a 200 day simple moving average of $25.02. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.05 and a current ratio of 3.10. Flex LNG (NYSE:FLNG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). Flex LNG had a net margin of 28.06% and a return on equity of 14.04%. The firm had revenue of $85.68 million during the quarter, compared to analyst estimates of $83.52 million. On average, research analysts forecast that Flex LNG will post 1.9 EPS for the current year. Institutional Investors Weigh In On Flex LNGSeveral large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Flex LNG by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,359 shares of the company's stock worth $228,000 after purchasing an additional 416 shares in the last quarter. GAMMA Investing LLC grew its stake in Flex LNG by 53.3% during the second quarter. GAMMA Investing LLC now owns 1,689 shares of the company's stock worth $37,000 after buying an additional 587 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Flex LNG by 4.0% during the second quarter. Arkadios Wealth Advisors now owns 15,971 shares of the company's stock worth $351,000 after buying an additional 613 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Flex LNG by 20.3% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,885 shares of the company's stock worth $98,000 after buying an additional 655 shares in the last quarter. Finally, Spire Wealth Management raised its stake in shares of Flex LNG by 1.1% in the third quarter. Spire Wealth Management now owns 61,776 shares of the company's stock valued at $1,557,000 after acquiring an additional 662 shares during the last quarter. About Flex LNG (Get Free Report)Flex LNG Ltd is a Bermuda-registered owner and operator of liquefied natural gas (LNG) carriers, offering shipping services to major energy producers and utilities worldwide. Since its establishment in 2006, the company has focused on building a versatile fleet of modern, eco-efficient LNG vessels designed to meet the growing global demand for lower-emission fuel transportation. The company's core activities encompass time-charter contracts, long-term transportation agreements and spot market voyages.Read MoreFive stocks we like better than Flex LNGDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Flex LNG Right Now?Before you consider Flex LNG, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flex LNG wasn't on the list.While Flex LNG currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here