Flex LNG Appoints Marius Foss as CEO, Strengthening Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 50 minutes ago0mins
- Leadership Change: Flex LNG has appointed Marius Foss as CEO, who has been instrumental in developing the company's commercial strategy since joining in 2018, leveraging over 35 years of shipping experience to enhance market competitiveness.
- Interim Performance: During his tenure as interim CEO, Foss demonstrated exceptional leadership, establishing a strong foundation for the company's ongoing development, which the Board highly recognizes, reflecting confidence in his future performance.
- Strategic Vision: Foss highlighted that with a modern fleet, substantial contract backlog, and a strong balance sheet, Flex LNG is well-positioned to capitalize on future market opportunities, further solidifying its industry position.
- Team Collaboration: Foss expressed eagerness to work with the experienced team to drive Flex LNG's future development, indicating the company's continued emphasis on teamwork to achieve long-term growth.
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Analyst Views on FLNG
Wall Street analysts forecast FLNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLNG is 26.70 USD with a low forecast of 26.70 USD and a high forecast of 26.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 25.940
Low
26.70
Averages
26.70
High
26.70
Current: 25.940
Low
26.70
Averages
26.70
High
26.70
Jefferies
Omar Nokta
Hold
Maintains
$23
2025-02-04
Reason
Jefferies
Omar Nokta
Price Target
$23
2025-02-04
Maintains
Hold
Reason
See All Ratings
About FLNG
FLEX LNG Ltd. is an owner and commercial operator of fuel efficient, fifth generation liquefied natural gas (LNG) carriers. The Company’s business is focused on the operation of its long-term charters for its fleet. It owns and operates about nine M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel (X-DF) LNG carriers. The Company’s operating vessels include Flex Endeavour, Flex Enterprise, Flex Ranger, Flex Rainbow, Flex Constellation, Flex Courageous, Flex Aurora, Flex Amber, Flex Artemis, Flex Resolute, Flex Freedom, Flex Volunteer, and Flex Vigilant. Its subsidiaries include Flex LNG Chartering Limited, Flex LNG Management AS, Flex LNG Bermuda Management Limited, Flex LNG Management Limited, Flex LNG Fleet Limited, Flex LNG Endeavour Limited, Flex LNG Enterprise Limited, Flex Vigilant Limited, and others.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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What role did Marius Foss play in Flex LNG's commercial strategy development?
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