
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd maintains a robust revenue backlog of approximately $1.6 billion, extending for 56 years with the potential to increase to 85 years, which supports its ongoing dividend policy. The company closed the second quarter with a cash balance of $413 million, reflecting consistent financial stability compared to the previous quarter. Additionally, Flex LNG's healthy net loan-to-value (LTV) ratio of 54.1% suggests effective leverage management, enhancing its financial position as it capitalizes on demand in the LNG shipping sector.
Bears say
Flex LNG reported adjusted earnings per share (EPS) of $0.46 for the second quarter, marginally surpassing both the analysts' estimate of $0.45 and the consensus of $0.39. Despite the slight earnings beat, the overall financial performance may not sufficiently reflect the necessary growth and demand dynamics in the LNG shipping sector. Additional factors such as possible economic headwinds and increasing competition within the industry may further contribute to a cautious outlook on the company's stock.
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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