
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd boasts a robust revenue backlog of approximately $1.6 billion, extending for 56 years with the potential to increase to 85 years, providing significant support for ongoing dividends. The company's financial position is strengthened by a cash balance of $413 million at the end of Q2, reflecting slight growth from the previous quarter. Additionally, with a healthy net loan-to-value (LTV) ratio of 54.1%, Flex LNG is well-positioned to manage its liabilities while leveraging its modern fleet for future revenue generation.
Bears say
Flex LNG Ltd reported adjusted earnings per share (EPS) of $0.46 for the second quarter, exceeding both analyst expectations and consensus estimates. However, this slight earnings beat does not significantly alter concerns related to the overall market dynamics for LNG shipping, including fluctuations in charter rates and increased competition. Additionally, the presence of a considerable number of LNG carriers under construction raises concerns about potential oversupply and its impact on future profitability.
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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