
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd possesses a robust revenue backlog of approximately $1.6 billion, with a duration that extends up to 56 years, which can potentially be extended to 85 years, thus securing financial stability and supporting ongoing dividends. The company reported a slight increase in cash reserves, concluding the second quarter with $413 million, up from $410 million in the previous quarter, reinforcing its liquidity position. Additionally, Flex LNG maintains a favorable net loan-to-value (LTV) ratio of 54.1%, indicating prudent financial management and a strong asset base in a competitive LNG shipping market.
Bears say
Flex LNG Ltd reported a second-quarter adjusted earnings per share (EPS) of $0.46, which marginally exceeded both the analyst estimate of $0.45 and the consensus prediction of $0.39. Despite this slight beat in earnings, the company's overarching financial health remains a concern due to the highly competitive nature of the LNG shipping market and potential pressures from fluctuating charter rates. Additionally, the company's reliance on a fleet composed entirely of next-generation vessels may entail higher maintenance costs and operational risks, further contributing to a pessimistic outlook for its stock 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
Start investing in FLNG
Order type
Buy in
Order amount
Est. shares
0 shares