FLEX LNG (FLNG) Stock Forecast, Price Target & Predictions
FLNG Stock Forecast
FLEX LNG stock forecast is as follows: an average price target of $24.00 (represents a 12.52% upside from FLNG’s last price of $21.33) 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 12.52% upside from FLNG's last price of $21.33.
FLNG Analyst Ratings
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% | 12.52% |
| May 23, 2024 | Omar Nokta | Jefferies | $25.00 | $30.16 | -17.11% | 17.21% |
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 12.52% increase from FLNG last price ($21.33).
FLEX LNG Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $24.50 |
| Last Closing Price | $21.33 | $21.33 | $21.33 |
| Upside/Downside | -100.00% | -100.00% | 14.86% |
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 $21.33. 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 |
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 | $197.08M | $182.41M | $168.83M | $156.27M | $71.53M | $69.40M | $68.43M | $69.94M | $74.83M | $70.40M | $70.19M | $70.03M | $71.29M | $72.11M | $68.49M | $41.31M | $77.86M | $74.84M | $69.05M | $37.55M | $53.95M | $68.99M | $63.76M | $34.14M | $83.21M | $61.23M | $48.87M | $31.04M | $49.64M | $24.91M |
| High Forecast | $199.77M | $184.90M | $171.14M | $158.40M | $72.51M | $70.34M | $69.37M | $70.89M | $75.85M | $71.37M | $71.14M | $70.56M | $72.70M | $73.09M | $68.49M | $49.57M | $78.93M | $75.06M | $69.99M | $45.06M | $64.74M | $68.99M | $63.76M | $40.97M | $83.21M | $61.23M | $48.87M | $37.24M | $49.64M | $24.91M |
| Low Forecast | $195.06M | $180.54M | $167.10M | $154.67M | $70.80M | $68.69M | $67.73M | $69.22M | $74.06M | $69.68M | $69.47M | $69.37M | $70.50M | $71.37M | $68.49M | $33.05M | $77.07M | $74.63M | $68.34M | $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 $69.05M, with a high of $69.99M and a low of $68.34M. This is -6.92% 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 | $18.29 | $45.00 | 146.04% | Buy |
| LPG | Dorian LPG | $22.94 | $48.50 | 111.42% | Buy |
| TNK | Teekay Tankers | $37.84 | $76.00 | 100.85% | Buy |
| FRO | Frontline | $13.83 | $27.50 | 98.84% | Buy |
| INSW | International Seaways | $33.28 | $56.00 | 68.27% | Buy |
| DHT | DHT | $9.00 | $14.50 | 61.11% | Buy |
| STNG | Scorpio Tankers | $47.15 | $72.75 | 54.29% | Buy |
| NVGS | Navigator | $14.87 | $22.00 | 47.95% | Buy |
| GLNG | Golar LNG | $42.20 | $49.63 | 17.61% | Buy |
| FLNG | FLEX LNG | $21.39 | $24.00 | 12.20% | Buy |
| KMI | Kinder Morgan | $26.61 | $26.90 | 1.09% | Buy |
| OKE | ONEOK | $101.78 | $97.86 | -3.85% | Buy |