Best Stock on the Market

Long Position on FLNG @ $32.36 on 2/10/2023 (Momentum)

Flex LNG Ltd., (FLNG) through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. Stockwinners

As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems.

It also provides chartering and management services. Demand for company's ships has been on the rise as natural gas exports to Europe continue. The company's ships are capable of carrying liquified natural gas.

On November 15th FLNG reported 3rd Quarter September 2022 earnings of $0.79 per share on revenue of $91.3 million. The consensus earnings estimate was $0.80 per share on revenue of $91.7 million. Revenue grew 11.6% on a year-over-year basis. The next earnings report is due on February 22nd. Shares have formed a "double bottom" and have crossed their 30-day moving average.

 

  • Entry Point: $32.36
  • Trading Range: $19.75 to $38.243
  • Stop Loss: $30.25
  • Target Price: $37.00

Position closed on 3/3/2023 at price of $35.80 with a 10.63% gain in 21 days.

Back to Portfolio