FLEX LNG (FLNG) Stock Forecast, Price Target & Predictions

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FLNG Stock Forecast

FLEX LNG stock forecast is as follows: an average price target of $24.00 (represents a -9.43% downside from FLNG’s last price of $26.50) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

FLNG Price Target

The average price target for FLEX LNG (FLNG) is $24.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $24.00. This represents a potential -9.43% downside from FLNG's last price of $26.50.

FLNG Analyst Ratings

Buy

According to 2 Wall Street analysts, FLEX LNG's rating consensus is 'Buy'. The analyst rating breakdown for FLNG stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

FLEX LNG Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 14, 2024	Omar Nokta	Jefferies	$24.00	$26.23	-8.48%	-9.43%
May 23, 2024	Omar Nokta	Jefferies	$25.00	$30.16	-17.11%	-5.66%

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The latest FLEX LNG stock forecast, released on Aug 14, 2024 by Omar Nokta from Jefferies, set a price target of $24.00, which represents a -8.48% decrease from the stock price at the time of the forecast ($26.23), and a -9.43% decrease from FLNG last price ($26.50).

FLEX LNG Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$24.50
Last Closing Price	$26.50	$26.50	$26.50
Upside/Downside	-100.00%	-100.00%	-7.55%

In the current month, the average price target of FLEX LNG stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to FLEX LNG's last price of $26.50. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 15, 2024	Pareto	-	Buy	Upgrade
Aug 14, 2024	Jefferies	Underperform	Hold	Upgrade
May 23, 2024	Jefferies	Underperform	Underperform	Hold
Aug 25, 2022	Jefferies	Hold	Hold	Hold

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FLEX LNG's last stock rating was published by Pareto on Aug 15, 2024. The company Upgrade its FLNG rating from "null" to "Buy".

FLEX LNG Financial Forecast

FLEX LNG Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$92.48M	$97.93M	$91.26M	$84.16M	$74.57M	$114.59M	$81.76M	$65.84M	$81.26M	$67.37M	$33.15M
Avg Forecast	$247.31M	$228.91M	$211.87M	$196.10M	$89.76M	$87.08M	$85.87M	$87.77M	$93.90M	$88.35M	$88.08M	$87.88M	$89.46M	$90.49M	$85.95M	$89.88M	$97.71M	$93.92M	$86.65M	$91.20M	$94.88M	$91.21M	$84.30M	$82.82M	$110.01M	$80.94M	$64.61M	$82.89M	$65.62M	$32.93M
High Forecast	$250.69M	$232.03M	$214.76M	$198.78M	$90.99M	$88.27M	$87.05M	$88.96M	$95.18M	$89.56M	$89.28M	$88.54M	$91.23M	$91.72M	$85.95M	$89.88M	$99.04M	$94.19M	$87.83M	$92.45M	$96.17M	$91.21M	$84.30M	$82.82M	$110.01M	$80.94M	$64.61M	$82.89M	$65.62M	$32.93M
Low Forecast	$244.78M	$226.56M	$209.70M	$194.09M	$88.84M	$86.19M	$84.99M	$86.87M	$92.94M	$87.44M	$87.17M	$87.06M	$88.47M	$89.56M	$85.95M	$89.88M	$96.71M	$93.65M	$85.76M	$90.27M	$93.90M	$91.21M	$84.30M	$82.82M	$110.01M	$80.94M	$64.61M	$82.89M	$65.62M	$32.93M
# Analysts	2	2	2	2	1	1	1	1	1	1	1	3	5	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	10	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.03%	1.00%	1.00%	0.90%	1.04%	1.01%	1.02%	0.98%	1.03%	1.01%

FLEX LNG's average Quarter revenue forecast for Jun 23 based on 1 analysts is $86.65M, with a low forecast of $85.76M, and a high forecast of $87.83M. FLNG's average Quarter revenue forecast represents a -6.30% decrease compared to the company's last Quarter revenue of $92.48M (Mar 23).

FLEX LNG EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	2	2	2	2	1	1	1	1	1	1	1	3	5	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	10	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$74.18M	$80.14M	$71.51M	$65.44M	$56.29M	$102.14M	$65.32M	$43.90M	$77.00M	$52.07M	$24.52M
Avg Forecast	$195.52M	$180.97M	$167.50M	$155.03M	$70.96M	$68.85M	$67.89M	$69.39M	$74.24M	$69.85M	$69.63M	$69.48M	$70.73M	$71.54M	$67.95M	$41.31M	$77.25M	$74.25M	$68.50M	$37.55M	$53.95M	$68.99M	$63.76M	$34.14M	$83.21M	$61.23M	$48.87M	$31.04M	$49.64M	$24.91M
High Forecast	$198.19M	$183.44M	$169.79M	$157.15M	$71.93M	$69.79M	$68.82M	$70.33M	$75.25M	$70.80M	$70.58M	$70.00M	$72.12M	$72.52M	$67.95M	$49.57M	$78.30M	$74.47M	$69.44M	$45.06M	$64.74M	$68.99M	$63.76M	$40.97M	$83.21M	$61.23M	$48.87M	$37.24M	$49.64M	$24.91M
Low Forecast	$193.52M	$179.11M	$165.78M	$153.44M	$70.24M	$68.14M	$67.19M	$68.68M	$73.48M	$69.13M	$68.92M	$68.83M	$69.94M	$70.81M	$67.95M	$33.05M	$76.46M	$74.04M	$67.80M	$30.04M	$43.16M	$68.99M	$63.76M	$27.31M	$83.21M	$61.23M	$48.87M	$24.83M	$49.64M	$24.91M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.98%	1.49%	1.04%	1.03%	1.65%	1.23%	1.07%	0.90%	2.48%	1.05%	0.98%

1 analysts predict FLNG's average Quarter EBITDA for Jun 23 to be $68.50M, with a high of $69.44M and a low of $67.80M. This is -7.65% lower than FLEX LNG's previous annual EBITDA (Mar 23) of $74.18M.

FLEX LNG Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	2	2	2	2	1	1	1	1	1	1	1	3	5	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	10	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.53M	$41.43M	$46.59M	$44.26M	$55.76M	$69.43M	$32.81M	$12.74M	$47.23M	$25.82M	$3.82M
Avg Forecast	$37.64M	$37.38M	$36.25M	$33.28M	$30.39M	$29.01M	$28.30M	$29.21M	$33.57M	$29.17M	$28.70M	$29.45M	$29.81M	$30.35M	$27.28M	$-15.82M	$38.28M	$36.35M	$27.94M	$-14.38M	$29.38M	$40.94M	$34.63M	$-13.07M	$60.75M	$31.55M	$16.21M	$-11.88M	$26.06M	$-2.22M
High Forecast	$38.31M	$38.04M	$36.89M	$33.87M	$30.93M	$29.52M	$28.80M	$29.73M	$34.16M	$29.69M	$29.21M	$29.97M	$30.34M	$30.89M	$27.28M	$-12.65M	$38.95M	$36.86M	$28.43M	$-11.50M	$35.26M	$40.94M	$34.63M	$-10.46M	$60.75M	$31.55M	$16.21M	$-9.51M	$26.06M	$-2.22M
Low Forecast	$37.14M	$36.88M	$35.76M	$32.84M	$29.99M	$28.62M	$27.92M	$28.82M	$33.12M	$28.79M	$28.31M	$29.06M	$29.41M	$29.95M	$27.27M	$-18.98M	$37.77M	$35.85M	$27.56M	$-17.25M	$23.50M	$40.94M	$34.63M	$-15.69M	$60.75M	$31.55M	$16.21M	$-14.26M	$26.06M	$-2.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.15%	1.41%	1.14%	1.28%	-4.27%	1.14%	1.04%	0.79%	-3.97%	0.99%	-1.72%

FLEX LNG's average Quarter net income forecast for Jun 23 is $27.94M, with a range of $27.56M to $28.43M. FLNG's average Quarter net income forecast represents a 69.00% increase compared to the company's last Quarter net income of $16.53M (Mar 23).

FLEX LNG SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	2	2	2	2	1	1	1	1	1	1	1	3	5	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	10	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.87M	$2.30M	$2.33M	$1.82M	$2.70M	$1.98M	$1.66M	$2.52M	$1.73M	$1.59M	$1.57M
Avg Forecast	$8.82M	$8.17M	$7.56M	$6.99M	$3.20M	$3.11M	$3.06M	$3.13M	$3.35M	$3.15M	$3.14M	$3.13M	$3.19M	$3.23M	$3.07M	$8.58M	$3.49M	$3.35M	$3.09M	$7.80M	$2.28M	$3.25M	$3.01M	$7.09M	$3.92M	$2.89M	$2.30M	$6.44M	$2.34M	$1.17M
High Forecast	$8.94M	$8.28M	$7.66M	$7.09M	$3.25M	$3.15M	$3.10M	$3.17M	$3.40M	$3.19M	$3.18M	$3.16M	$3.25M	$3.27M	$3.07M	$10.29M	$3.53M	$3.36M	$3.13M	$9.36M	$2.73M	$3.25M	$3.01M	$8.50M	$3.92M	$2.89M	$2.30M	$7.73M	$2.34M	$1.17M
Low Forecast	$8.73M	$8.08M	$7.48M	$6.92M	$3.17M	$3.07M	$3.03M	$3.10M	$3.32M	$3.12M	$3.11M	$3.11M	$3.16M	$3.19M	$3.07M	$6.86M	$3.45M	$3.34M	$3.06M	$6.24M	$1.82M	$3.25M	$3.01M	$5.67M	$3.92M	$2.89M	$2.30M	$5.15M	$2.34M	$1.17M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.50%	1.01%	0.72%	0.61%	0.38%	0.50%	0.57%	1.10%	0.27%	0.68%	1.34%

FLEX LNG's average Quarter SG&A projection for Jun 23 is $3.09M, based on 1 Wall Street analysts, with a range of $3.06M to $3.13M. The forecast indicates a -20.12% fall compared to FLNG last annual SG&A of $3.87M (Mar 23).

FLEX LNG EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	2	2	2	2	1	1	1	1	1	1	1	3	5	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	10	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.31	$0.78	$0.88	$0.83	$1.05	$1.31	$0.62	$0.24	$0.88	$0.48	$0.07
Avg Forecast	$0.70	$0.69	$0.67	$0.62	$0.56	$0.54	$0.52	$0.54	$0.62	$0.54	$0.53	$0.55	$0.55	$0.56	$0.50	$0.58	$0.71	$0.67	$0.52	$0.68	$0.83	$0.76	$0.64	$0.60	$1.12	$0.58	$0.30	$0.67	$0.48	$-0.04
High Forecast	$0.71	$0.70	$0.68	$0.63	$0.57	$0.55	$0.53	$0.55	$0.63	$0.55	$0.54	$0.55	$0.56	$0.57	$0.50	$0.58	$0.72	$0.68	$0.53	$0.69	$0.85	$0.76	$0.64	$0.60	$1.12	$0.58	$0.30	$0.67	$0.48	$-0.04
Low Forecast	$0.69	$0.68	$0.66	$0.61	$0.55	$0.53	$0.52	$0.53	$0.61	$0.53	$0.52	$0.54	$0.54	$0.55	$0.50	$0.58	$0.70	$0.66	$0.51	$0.67	$0.82	$0.76	$0.64	$0.60	$1.12	$0.58	$0.30	$0.67	$0.48	$-0.04
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46%	0.94%	1.16%	1.30%	1.74%	1.17%	1.06%	0.80%	1.31%	1.00%	-1.70%

According to 1 Wall Street analysts, FLEX LNG's projected average Quarter EPS for Jun 23 is $0.52, with a low estimate of $0.51 and a high estimate of $0.53. This represents a 66.78% increase compared to FLNG previous annual EPS of $0.31 (Mar 23).

FLEX LNG Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TRMD	TORM	$23.81	$45.00	89.00%	Buy
TNK	Teekay Tankers	$42.73	$76.00	77.86%	Buy
LPG	Dorian LPG	$25.70	$40.67	58.25%	Buy
DHT	DHT	$10.54	$16.25	54.17%	Buy
FRO	Frontline	$20.26	$28.67	41.51%	Buy
GLNG	Golar LNG	$35.98	$49.63	37.94%	Buy
NVGS	Navigator	$16.06	$22.00	36.99%	Buy
INSW	International Seaways	$41.87	$56.00	33.75%	Buy
STNG	Scorpio Tankers	$54.67	$69.83	27.73%	Buy
EURN	Euronav NV	$16.74	$21.00	25.45%	Hold
FLNG	FLEX LNG	$26.50	$24.00	-9.43%	Buy
TNP	Tsakos Energy Navigation	$29.28	$26.00	-11.20%	Buy
KMI	Kinder Morgan	$28.00	$22.30	-20.36%	Buy
OKE	ONEOK	$113.16	$83.14	-26.53%	Buy

FLNG Forecast FAQ

Is FLEX LNG a good buy?

Yes, according to 2 Wall Street analysts, FLEX LNG (FLNG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of FLNG's total ratings.

What is FLNG's price target?

FLEX LNG (FLNG) average price target is $24 with a range of $24 to $24, implying a -9.43% from its last price of $26.5. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will FLEX LNG stock go up soon?

According to Wall Street analysts' prediction for FLNG stock, the company can go down by -9.43% (from the last price of $26.5 to the average price target of $24), down by -9.43% based on the highest stock price target, and down by -9.43% based on the lowest stock price target.

Can FLEX LNG stock reach $40?

FLNG's average twelve months analyst stock price target of $24 does not support the claim that FLEX LNG can reach $40 in the near future.

What are FLEX LNG's analysts' financial forecasts?

FLEX LNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $350.49M (high $355.27M, low $346.89M), average EBITDA is $277.09M (high $280.87M, low $274.25M), average net income is $116.9M (high $118.98M, low $115.35M), average SG&A $12.5M (high $12.67M, low $12.37M), and average EPS is $2.16 (high $2.2, low $2.13). FLNG's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $884.18M (high $896.25M, low $875.12M), average EBITDA is $699.03M (high $708.57M, low $691.86M), average net income is $144.55M (high $147.11M, low $142.62M), average SG&A $31.54M (high $31.97M, low $31.22M), and average EPS is $2.67 (high $2.72, low $2.64).

Did the FLNG's actual financial results beat the analysts' financial forecasts?

Based on FLEX LNG's last annual report (Dec 2022), the company's revenue was $347.92M, which missed the average analysts forecast of $353.2M by -1.49%. Apple's EBITDA was $274.35M, beating the average prediction of $220.84M by 24.23%. The company's net income was $188.04M, beating the average estimation of $91.87M by 104.67%. Apple's SG&A was $9.15M, missing the average forecast of $15.63M by -41.46%. Lastly, the company's EPS was $3.53, beating the average prediction of $2.83 by 24.63%. In terms of the last quarterly report (Mar 2023), FLEX LNG's revenue was $92.48M, beating the average analysts' forecast of $91.2M by 1.40%. The company's EBITDA was $74.18M, beating the average prediction of $37.55M by 97.53%. FLEX LNG's net income was $16.53M, missing the average estimation of $-14.379M by -214.97%. The company's SG&A was $3.87M, missing the average forecast of $7.8M by -50.37%. Lastly, the company's EPS was $0.31, missing the average prediction of $0.675 by -54.08%