Ultime notizie per Flex LNG (NYSE:FLNG) Azioni

Flex LNG

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG Ltd

Piper Sandler analyst Biren Amin maintains Arcellx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLX#NASDAQ">ACLX</a>) with a Overweight and raises the price target from $91 to $115.

News

Price Target

Analyst Ratings

ACLX

Piper Sandler Maintains Overweight on Arcellx, Raises Price Target to $115

Mineral Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MALRF#OTC">MALRF</a>) faces uncertain times as founder and managing director Chris Ellison steps down amid serious governance issues.
The issue has triggered a formal investigation by the Australian Securities and Investments Commission (ASIC) and scrutiny from the Australian Taxation Office (ATO).
The probe follows allegations that Ellison evaded taxes using offshore entities and misused company resources for personal benefit. Law firm Herbert Smith Freehills engaged to review the allegations, finding multiple governance lapses within the company's leadership.
Billionaire Ellison, a prominent figure in the mining sector, will remain as a managing director until the board finds a suitable successor within the next 18 months. The board has imposed a financial penalty of $5.85 million on Ellison, alongside $6.37 million in lost remuneration.
"With the interests of shareholders absolutely front and center, the board has determined there needs to be an orderly leadership transition, significant strengthening of governance protocols, and a financial penalty imposed on Mr. Ellison," said chair James McClements <a target="_blank" href="https://www.theguardian.com/australia-news/2024/nov/04/chris-ellison-mineral-resources-boss-exit-step-down-ntwnfb" rel="noreferrer noopener">per</a> The Guardian.
ASIC's Deputy Chair, Sarah Court, confirmed <a target="_blank" href="https://www.afr.com/companies/mining/minres-directors-slammed-over-big-bonuses-to-ellison-20241107-p5kokj" rel="noreferrer noopener">for</a> AFR that an investigation is underway, noting the ATO's involvement as well. "We've now commenced a formal investigation into these issues," Court said, clarifying that the probe will assess potential breaches of laws under ASIC's jurisdiction.
Following these events, Moody's Investor Service has downgraded Mineral Resources' outlook to negative, citing potential fallout from governance challenges.
"The managing director's transition creates uncertainties around the company's strategic direction and financial policy settings," Moody's <a target="_blank" href="https://www.moodys.com/research/docid--PR_497954" rel="noreferrer noopener">stated</a>, pointing at risks that could impact the company's relations with customers, joint venture partners, and lenders.
Ellison addressed the allegations with an apology, stating, "I am deeply sorry for the events that have occurred and the impact they have had on MinRes' reputation. I apologize to the board and our people, who expect and deserve better from me."
Founded in 2006 through a merger of several resource service companies, Mineral Resources has become a diversified player in Australia's mining landscape. It operates across iron ore, natural gas, and energy solutions and holds interests in lithium projects such as the Wodgina mine.
The company has lost 45.5% of its market cap year-to-date, a decline due to falling ore and lithium prices and internal turmoil.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41769288/donald-trumps-victory-could-disrupt-commodities-put-australia-in-precarious-position" target="_blank" rel="noreferrer noopener">Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position</a></li>
</ul>
Photo by RomanR for Shutterstock

Large Cap

Commodities

Legal

MALRF

Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook

Wells Fargo analyst Stan Berenshteyn upgrades Doximity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from Underweight to Equal-Weight and raises the price target from $19 to $41.

Upgrades

DOCS

Wells Fargo Upgrades Doximity to Equal-Weight, Raises Price Target to $41

HC Wainwright &amp; Co. analyst Ed Arce reiterates Arcturus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>) with a Buy and maintains $63 price target.

Reiteration

ARCT

HC Wainwright & Co. Reiterates Buy on Arcturus Therapeutics, Maintains $63 Price Target

Wells Fargo analyst Chris Carey upgrades Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from Underweight to Overweight and raises the price target from $52 to $74.

Wells Fargo Upgrades Molson Coors Beverage to Overweight, Raises Price Target to $74

Piper Sandler analyst Andrew Liesch assumes City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Neutral rating and announces Price Target of $135.

Initiation

CHCO

Piper Sandler Assumes City Holding at Neutral, Announces Price Target of $135

WIIM

PTC shares are trading higher after the company reported better-than-expected Q4 financial result and issued FY24 revenue guidance above estimates. Also, the company authorized a $2 billion repurchase program.

Medicine Man Technologies, Inc., operating as Schwazze (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SHWZ#OTC">SHWZ</a>) announced its preliminary financial results Thursday for the third quarter ended Sept. 30, 2024. The Colorado-based cannabis company reported revenue of approximately $42 million, which compares to revenue of $46.75 million in the same period last year.
"We continued to generate momentum from our retail growth and optimization initiatives in Q3, reflected by our ability to outpace two highly competitive markets while generating sequential improvements in profitability and positive cash flow from operations," stated Forrest Hoffmaster, Interim CEO of Schwazze. "Our efforts to sharpen our pricing and promotional strategy, elevate the in-store experience, and improve product quality, assortment and in-stock positions are yielding positive results. I'm proud of our team's hard work and dedication to drive these improvements in the overall customer experience, which has led to increased store traffic in both Colorado and New Mexico. Over the past year, our focused efforts to optimize our operations have built a solid foundation, setting the stage for sustained growth and enhanced levels of profitability in the year ahead."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41829762/cannabis-co-jushi-reports-q3-earnings-higher-margins-despite-revenue-dip-whats-driving-profitabi">Cannabis Co. Jushi Reports Q3 Earnings: Higher Margins Despite Revenue Dip – What&#8217;s Driving Profitability?</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h2 class="wp-block-heading">Q3 2024 Preliminary Financial Results</h2>
Based on preliminary and unaudited results, the company expects to report the following for the third quarter ended September 30, 2024:
<ul>
<li>Adjusted EBITDA of approximately $11 million, compared to $14.12 million in the third quarter of 2023.</li>
<li>Cash flow from operations of approximately $200,000, compared to $6.95 million in the same period last year.</li>
</ul>
At quarter end, Schwazze held cash and cash equivalents of approximately $11 million, with principal amount of debt outstanding of approximately $196 million.
This compares to cash and cash equivalents of $12.3 million and total debt of $163.4 million at the end of the previous quarter (June 30, 2024). On Dec. 31, 2023, the debt amounted to $156.8 million, indicating continued growth.
<h2 class="wp-block-heading">Update On Delayed Filing</h2>
As previously announced on April 8, 2024, Schwazze dismissed BF Borgers CPA PC as its registered public accountant and engaged Baker Tilly US, LLP as its new accountant. Subsequent to the transition, on May 3, 2024, the SEC issued an order against BF Borgers for systemic failures in meeting PCAOB standards, which impacted over 1,500 SEC filings and affected at least 75% of BF Borgers' 369 clients.
As a result of the SEC order, Schwazze's new auditor needs additional time to complete its prior period review, which includes re-auditing the company's fiscal year 2023 financial statements and re-reviewing the closing of its 2022 balance sheet prior to filing its 2024 annual report. Baker Tilly is working to re-audit the company's financial statements for the associated periods.
Due to the ongoing re-review process, Schwazze anticipates a delay in filing its quarterly report on Form 10-Q for the three- and nine-months ending September 30, 2024. Moreover, the company expects to simultaneously file its quarterly report on Form 10-Q for the three months ending March 31, 2024, and June 30, 2024.
<h2 class="wp-block-heading">Price Action</h2>
Schwazze shares closed Thursday's market session flat at 15 cents per share.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/11/41832358/green-thumb-grows-revenue-to-287m-in-q3-expands-cannabis-retail-network">Green Thumb Grows Revenue To $287M In Q3, Expands Cannabis Retail Network</a></li>
</ul>
Image via Shutterstock

Cannabis

Earnings

SHWZ

Schwazze's Q3 Preliminary Revenue Slides As Debt Grows, 2023 Financials Face Re-Audit

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4294831-1&amp;h=3126387579&amp;u=https%3A%2F%2Fintensitytherapeutics.com%2F&amp;a=Intensity+Therapeutics%2C+Inc.">Intensity Therapeutics, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTS#NASDAQ">INTS</a>), ("Intensity" or "the Company") a late-stage clinical biotechnology company focused on the discovery and development of proprietary, novel immune-based intratumorally injected cancer therapies intended to kill tumors directly and increase immune system recognition of cancers,&nbsp;today announced that its Phase 3 trial has been selected for an oral podium presentation at the 2024 Connective Tissue Oncology Society (CTOS) on November 16, 2024. Dr. Christian F. Meyer MD, Ph.D will be making the oral presentation highlighting completed Phase 2 results and the INVINCIBLE-3 (Phase 3) randomized soft tissue sarcoma trial design and important study criteria. The annual CTOS conference runs from November 13 to 16, 2024 in San Diego at the Grand Hyatt.

Biotech

General

INTS

Intensity Therapeutics Selected For Oral Podium Presentation In A Late-Breaking Session At The 2024 Annual Connective Tissue Oncology Society Meeting

Piper Sandler analyst Andrew Liesch assumes Community Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTBI#NASDAQ">CTBI</a>) with a Overweight rating and announces Price Target of $64.

CTBI

Piper Sandler Assumes Community Trust Bancorp at Overweight, Announces Price Target of $64

Daktronics, Inc. ("Daktronics" or the "Company") (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the "Board") has determined that it is in the best interests of the Company and its common shareholders to exercise the Company's right to convert an initial $7.0 million in face value of the $25 million senior second lien secured promissory note (the "Convertible Note") held by Alta Fox Capital Management, LLC (together with its affiliates, "Alta Fox") into approximately 1.1 million shares of the Company's common stock. &nbsp;
The Board intends to deliver to Alta Fox notice of the conversion on November 11, 2024, with a conversion date of December 3, 2024. The Company intends to convert the remainder of the Convertible Note over the next several months, in tranches of up to $7 million in face value every 30 days, as provided for in the Convertible Note.
Daktronics has delivered outstanding financial results over the last twelve months, with record revenue, gross profit and operating income in fiscal year 2024, and strong returns for shareholders, with the Company's stock price increasing more than 300% over the last two years and over 175% since the issuance of the Convertible Note on May 11, 2023.1 This performance is the result of several initiatives implemented by the management team and Board, including strengthening the Company's financial position, reducing order backlog, and improving margins through operational enhancements and strategic cost reductions.
The Board's decision to force the conversion of the Convertible Note is consistent with the Company's ongoing focus on balance sheet optimization and cost efficiency and will save the Company approximately $5.4 million in interest expense over the remaining term of the Convertible Note. To help offset the share dilution that will result from the conversion of the Convertible Note into common stock, the Company intends to execute on its existing share repurchase authorization as soon as practicable.

Financing

DAKT

Daktronics Announces Intention To Convert $25M Convertible Promissory Note Into Common Stock

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Catalyst Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRX#NASDAQ">CPRX</a>) with a Buy and maintains $30 price target.

CPRX

HC Wainwright & Co. Reiterates Buy on Catalyst Pharmaceuticals, Maintains $30 Price Target

Monopar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNPR#NASDAQ">MNPR</a>) reported quarterly losses of $(0.37) per share which beat the analyst consensus estimate of $(0.48) by 22.92 percent. This is a 46.38 percent increase over losses of $(0.69) per share from the same period last year.

Earnings Beats

MNPR

Monopar Therapeutics Q3 EPS $(0.37) Beats $(0.48) Estimate

HC Wainwright &amp; Co. analyst Yi Chen reiterates Icecure Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) with a Buy and maintains $2.5 price target.

ICCM

HC Wainwright & Co. Reiterates Buy on Icecure Medical, Maintains $2.5 Price Target

Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.10 by 30 percent. The company reported quarterly sales of $91.51 million which beat the analyst consensus estimate of $90.66 million by 0.93 percent. This is a 12.49 percent decrease over sales of $104.56 million the same period last year.

Earnings Misses

Proficient Auto Logistics Q3 Adj $0.07 Misses $0.10 Estimate, Sales $91.51M Beat $90.66M Estimate

William Blair analyst Tim Mulrooney downgrades AMN Healthcare Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) from Outperform to Market Perform.

Downgrades

William Blair Downgrades AMN Healthcare Services to Market Perform

AlTi Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTI#NASDAQ">ALTI</a>) reported quarterly losses of $(0.88) per share. This is a 37.59 percent increase over losses of $(1.41) per share from the same period last year. The company reported quarterly sales of $53.34 million which missed the analyst consensus estimate of $55.60 million by 4.06 percent. This is a 10.70 percent increase over sales of $48.19 million the same period last year.

ALTI

AlTi Global Q3 EPS $(0.88) Up From $(1.41) YoY, Sales $53.34M Miss $55.60M Estimate

Suzuki Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>) is looking for FY2024 GAAP EPS of $1.22. seessales of $37.621 billion.

Guidance

SZKMY

Suzuki Motor Sees FY2024 GAAP EPS JPY 181.42;  Sales JPY 5600B.

Baird analyst Colin Sebastian maintains Yelp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) with a Neutral and lowers the price target from $39 to $37.

YELP

Baird Maintains Neutral on Yelp, Lowers Price Target to $37

William Blair analyst Matt Larew downgrades Maravai LifeSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVI#NASDAQ">MRVI</a>) from Outperform to Market Perform.

MRVI

William Blair Downgrades Maravai LifeSciences to Market Perform

FLEX LNG (FLNG) has released an update. FLEX LNG Ltd has successfully completed a total of $430 million in new financings, enhancing its financial ...

FLEX LNG Bolsters Finances with Successful Refinancing

Flex LNG finalizes $430M in financing

FLEX LNG: 12% Yield, Tailwinds

FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged

LNG Shipping Stocks: Cautiously Optimistic For Growth Ahead

FLEX LNG (FLNG) has released an update. Flex LNG's CFO, Knut Traaholt, is engaging with investors in the US and Canada during a non-deal roadshow, ...

Flex LNG Engages Investors with Advanced LNG Fleet

In a report released on October 24, Axel Styrman from Kepler Capital maintained a Hold rating on FLEX LNG (FLNG – Research Report), with a price ta...

Kepler Capital  Sticks to Its Hold Rating for FLEX LNG (FLNG)

Oil plunges ahead of earnings from XOM, CVX, and COP; See top 10 list from SA quant metrics

FLEX LNG (FLNG) has released an update. Flex LNG has announced an extension of its time charter agreements with a Supermajor for its LNG carriers, ...

Flex LNG Secures Long-Term Charter Extensions

Flex LNG (FLNG) announced it has agreed with the charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing time charter a...

Flex LNG secures time charter extensions

AMLP

CCEC

CESDF

CLCO

DLNG

EXMRF

FLNG

GLNG

KAIKY

KAKKF

MIHDF

MPLX

MSLOF

MSLOY

NPNYY

NYUKF

OILK

USAC

VIST

Press Releases

Flex LNG - Key information relating to the cash distribution for the second quarter 2024

Flex LNG - Ex Date Q2 2024

FLEX LNG - Presentation at the Pareto Securities' 31st Energy Conference

Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024 in New York City

Flex LNG - Mandatory notification of trade by PDMR

Flex LNG finalize $430 million in new financings

REMINDER - Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024, in New York City

Flex LNG - Company presentation October 2024

Flex LNG - Invitation to the 2024 Third Quarter Presentation

Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029

DMCOF

EDRY

NVGS

PANL

SBLK

STNG

Ardmore Shipping Corporation Common Stock

Ardmore Shipping

BW LPG

CrossAmerica Partners LP Common Units representing limited partner interests

CrossAmerica Partners

Cool Co

DHT Holdings

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests

Comments

Flex LNG

Notizie

Ultime notizie per Flex LNG (NYSE:FLNG) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO