Flex LNG (NYSE:FLNG) Trading 1.5% Higher - Should You Buy?

Flex LNG (NYSE:FLNG) saw its shares trade up 1.5% to $31.30, despite analysts holding an average “Hold” rating and Wall Street Zen recently downgrading the stock to a “sell” with a consensus price target of $23.00. The company missed quarterly EPS estimates but showed strong net margin and ROE, though its dividend payout ratio is an elevated 215.83%, raising sustainability concerns. Institutional investors have recently adjusted their positions in FLNG, with several increasing their holdings.

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