
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd demonstrates a strong financial position with a substantial revenue backlog estimated at $1.6 billion, providing significant support for its ongoing dividends. The company's backlog for its modern LNG carrier fleet extends 56 years, with potential to increase up to 85 years, thus enhancing its long-term revenue visibility. Additionally, Flex LNG ended the second quarter with a cash balance of $413 million and maintains a healthy net loan-to-value (LTV) ratio of 54.1%, indicating financial stability and operational efficiency.
Bears say
Flex LNG reported adjusted earnings per share (EPS) of $0.46 for the second quarter, which was marginally above internal estimates and consensus expectations. Despite the slight beat in earnings, this performance may not be sufficient to address broader concerns regarding potential market volatility and competition within the LNG shipping industry. Additionally, the company's reliance on a fleet of newly constructed vessels and advanced technologies does not inherently safeguard against fluctuating demand and pricing pressures, raising questions about 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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