
FLNG Stock Forecast & Price Target
FLNG Analyst Ratings
Bulls say
Flex LNG Ltd's financial position has strengthened significantly, with a cash balance of $437 million at the end of the latest quarter, a notable increase from $290 million in the previous quarter. The company has successfully refinanced multiple vessels, including a $150 million loan facility for the Flex Enterprise, which has enhanced its cash reserves and revenue backlog, currently averaging a fixture duration of 3.8 years. Additionally, Flex LNG has secured a long-term 3-year charter agreement with options extending up to 10 years for two vessels, positioning the company for stable future cash flows despite ongoing market challenges.
Bears say
Flex LNG Ltd is experiencing a challenging environment in the LNG shipping market, with spot rates hitting multi-year lows following a period of strong performance since late 2020. Projected EBITDA for 2025 is anticipated to decline slightly to $250-$270 million from $273 million in 2024, highlighting concerns over future earnings stability given risks associated with declining volumes and increased regulation. Despite maintaining a fully contracted fleet and achieving an average time charter equivalent (TCE) of $75,426/day, the overall weak market outlook suggests that the stock is likely to remain range-bound through 2027.
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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