
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd demonstrates a robust financial position, highlighted by a substantial revenue backlog estimated at $1.6 billion and the potential to extend this backlog from 56 years to up to 85 years, underlining the longevity and stability of its cash flows. The company's cash balance saw a slight increase to $413 million in the second quarter, reinforcing its liquidity and operational capacity to support ongoing dividends. Furthermore, a healthy net loan-to-value ratio of 54.1% indicates prudent financial management, positioning Flex LNG favorably in the LNG shipping sector.
Bears say
Flex LNG reported adjusted earnings per share (EPS) of $0.46 for the second quarter, which was marginally above estimates but fell short of indicating substantial growth potential. Despite the slight earnings beat, the overall performance may not reflect a strong or sustainable financial trajectory due to potential volatility in LNG shipping rates and market demand fluctuations. The reliance on a young fleet, while advantageous in terms of technology, may not mitigate broader industry pressures that could adversely impact profitability in the long term.
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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