
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd possesses a robust revenue backlog estimated at $1.6 billion, with a duration extending up to 56 years and potential to increase to 85 years, providing significant financial stability and support for ongoing dividends. The company maintains a healthy cash position, ending the second quarter with a cash balance of $413 million, which reflects a slight increase from the previous quarter. Additionally, a net loan-to-value (LTV) ratio of 54.1% indicates prudent financial management and underscores its capacity to leverage growth opportunities in the LNG shipping market.
Bears say
Flex LNG reported an adjusted EPS of $0.46 for the second quarter, slightly surpassing both the estimate of $0.45 and the consensus expectation of $0.39. Despite these earnings being marginally above projections, the company operates in a volatile sector heavily influenced by fluctuating LNG demand and pricing dynamics. The reliance on a fleet of modern vessels, while advantageous in terms of efficiency, does not mitigate broader market risks, leading to a cautious outlook on the stock's future performance.
This aggregate rating is based on analysts' research of Flex Lng Ltd and is not a guaranteed prediction by Public.com or investment advice.
FLNG Analyst Forecast & Price Prediction
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