
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd possesses a robust revenue backlog extending 56 years, with the potential to increase to 85 years, which underpins its ongoing dividend commitments. The company reported a cash balance of $413 million at the end of the second quarter, indicating stable financial health with a slight increase from the previous quarter. Furthermore, Flex LNG maintains a healthy net loan-to-value (LTV) ratio of 54.1% alongside a substantial revenue backlog estimated at $1.6 billion, reinforcing its strong financial position.
Bears say
Flex LNG's 2Q earnings results, reporting an adjusted EPS of $0.46, slightly exceeded both the firm's estimate of $0.45 and the consensus estimate of $0.39. Despite this minor positive surprise, the overall financial outlook for the company may remain challenged due to uncertainties in global LNG demand and fluctuating charter rates, which could impact revenue stability. Additionally, the reliance on a fleet of thirteen LNG carriers, with three still under construction, may impose financial strain in terms of capital expenditures and operational readiness in a volatile market.
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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