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 -9.77% downside from FLNG’s last price of $26.60) 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 -9.77% downside from FLNG's last price of $26.60.
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% | -9.77% |
| May 23, 2024 | Omar Nokta | Jefferies | $25.00 | $30.16 | -17.11% | -6.02% |
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 -9.77% decrease from FLNG last price ($26.60).
FLEX LNG Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $24.00 | $24.50 |
| Last Closing Price | $26.60 | $26.60 | $26.60 |
| Upside/Downside | -100.00% | -9.77% | -7.89% |
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 $26.60. This month's average price target is down -100.00% 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 | $250.11M | $231.50M | $214.27M | $198.32M | $96.69M | $96.69M | $95.09M | $93.71M | $93.20M | $88.65M | $89.70M | $90.60M | $94.92M | $91.31M | $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 | $250.11M | $231.50M | $214.27M | $198.32M | $96.69M | $96.69M | $95.09M | $93.71M | $93.20M | $88.65M | $89.70M | $90.60M | $94.92M | $91.31M | $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 |
| Low Forecast | $250.11M | $231.50M | $214.27M | $198.32M | $96.69M | $96.69M | $95.09M | $93.71M | $93.20M | $88.65M | $89.70M | $90.60M | $94.92M | $91.31M | $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 |
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 4 | 4 | 7 |
| 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 0 analysts is $86.65M, with a low forecast of $86.65M, and a high forecast of $86.65M. 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 4 | 4 | 7 |
| 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 | $189.19M | $175.11M | $162.08M | $150.01M | $73.14M | $73.14M | $71.93M | $70.89M | $70.50M | $67.06M | $67.85M | $68.53M | $71.80M | $69.07M | $65.01M | $41.31M | $73.91M | $71.04M | $65.54M | $37.55M | $71.77M | $19.08M | $63.76M | $34.14M | $57.70M | $20.40M | $36.36M | $31.04M | $61.71M | $21.82M |
| High Forecast | $189.19M | $175.11M | $162.08M | $150.01M | $73.14M | $73.14M | $71.93M | $70.89M | $70.50M | $67.06M | $67.85M | $68.53M | $71.80M | $69.07M | $65.01M | $49.57M | $73.91M | $71.04M | $65.54M | $45.06M | $71.77M | $22.89M | $63.76M | $40.97M | $69.24M | $24.49M | $43.63M | $37.24M | $74.06M | $26.19M |
| Low Forecast | $189.19M | $175.11M | $162.08M | $150.01M | $73.14M | $73.14M | $71.93M | $70.89M | $70.50M | $67.06M | $67.85M | $68.53M | $71.80M | $69.07M | $65.01M | $33.05M | $73.91M | $71.04M | $65.54M | $30.04M | $71.77M | $15.26M | $63.76M | $27.31M | $46.16M | $16.32M | $29.09M | $24.83M | $49.37M | $17.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.98% | 1.12% | 3.75% | 1.03% | 1.65% | 1.77% | 3.20% | 1.21% | 2.48% | 0.84% | 1.12% |
0 analysts predict FLNG's average Quarter EBITDA for Jun 23 to be $65.54M, with a high of $65.54M and a low of $65.54M. This is -11.65% 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 4 | 4 | 7 |
| 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 | $38.86M | $38.57M | $37.42M | $34.42M | $31.77M | $31.54M | $30.77M | $30.24M | $33.07M | $31.03M | $31.41M | $32.17M | $36.05M | $31.47M | $27.28M | $-15.82M | $38.27M | $36.35M | $27.93M | $-14.38M | $44.95M | $503.19K | $34.60M | $-13.07M | $31.42M | $538.17K | $-15.42M | $-11.88M | $33.61M | $575.59K |
| High Forecast | $38.86M | $38.57M | $37.42M | $34.42M | $31.77M | $31.54M | $30.77M | $30.24M | $33.07M | $31.03M | $31.41M | $32.17M | $36.05M | $31.47M | $27.28M | $-12.65M | $38.27M | $36.35M | $27.93M | $-11.50M | $44.95M | $603.83K | $34.60M | $-10.46M | $37.71M | $645.81K | $-12.33M | $-9.51M | $40.33M | $690.70K |
| Low Forecast | $38.86M | $38.57M | $37.42M | $34.42M | $31.77M | $31.54M | $30.77M | $30.24M | $33.07M | $31.03M | $31.41M | $32.17M | $36.05M | $31.47M | $27.28M | $-18.98M | $38.27M | $36.35M | $27.93M | $-17.25M | $44.95M | $402.55K | $34.60M | $-15.69M | $25.14M | $430.54K | $-18.50M | $-14.26M | $26.89M | $460.47K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.15% | 0.92% | 92.58% | 1.28% | -4.27% | 2.21% | 60.96% | -0.83% | -3.97% | 0.77% | 6.64% |
FLEX LNG's average Quarter net income forecast for Jun 23 is $27.93M, with a range of $27.93M to $27.93M. FLNG's average Quarter net income forecast represents a 68.98% 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 4 | 4 | 7 |
| 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 | $8.92M | $8.26M | $7.64M | $7.07M | $3.45M | $3.45M | $3.39M | $3.34M | $3.32M | $3.16M | $3.20M | $3.23M | $3.39M | $3.26M | $3.07M | $8.58M | $3.49M | $3.35M | $3.09M | $7.80M | $3.38M | $2.46M | $3.01M | $7.09M | $2.44M | $2.63M | $5.92M | $6.44M | $2.61M | $2.81M |
| High Forecast | $8.92M | $8.26M | $7.64M | $7.07M | $3.45M | $3.45M | $3.39M | $3.34M | $3.32M | $3.16M | $3.20M | $3.23M | $3.39M | $3.26M | $3.07M | $10.29M | $3.49M | $3.35M | $3.09M | $9.36M | $3.38M | $2.95M | $3.01M | $8.50M | $2.92M | $3.15M | $7.11M | $7.73M | $3.13M | $3.37M |
| Low Forecast | $8.92M | $8.26M | $7.64M | $7.07M | $3.45M | $3.45M | $3.39M | $3.34M | $3.32M | $3.16M | $3.20M | $3.23M | $3.39M | $3.26M | $3.07M | $6.86M | $3.49M | $3.35M | $3.09M | $6.24M | $3.38M | $1.97M | $3.01M | $5.67M | $1.95M | $2.10M | $4.74M | $5.15M | $2.08M | $2.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.50% | 0.68% | 0.95% | 0.61% | 0.38% | 0.81% | 0.63% | 0.43% | 0.27% | 0.61% | 0.56% |
FLEX LNG's average Quarter SG&A projection for Jun 23 is $3.09M, based on 0 Wall Street analysts, with a range of $3.09M to $3.09M. 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 4 | 4 | 7 |
| 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 | $0.72 | $0.71 | $0.69 | $0.64 | $0.59 | $0.58 | $0.57 | $0.56 | $0.61 | $0.57 | $0.58 | $0.60 | $0.67 | $0.58 | $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 | $0.72 | $0.71 | $0.69 | $0.64 | $0.59 | $0.58 | $0.57 | $0.56 | $0.61 | $0.57 | $0.58 | $0.60 | $0.67 | $0.58 | $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 |
| Low Forecast | $0.72 | $0.71 | $0.69 | $0.64 | $0.59 | $0.58 | $0.57 | $0.56 | $0.61 | $0.57 | $0.58 | $0.60 | $0.67 | $0.58 | $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 |
| 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 0 Wall Street analysts, FLEX LNG's projected average Quarter EPS for Jun 23 is $0.52, with a low estimate of $0.52 and a high estimate of $0.52. 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 |
|---|---|---|---|---|---|
| DHT | DHT | $11.19 | $17.13 | 53.08% | Buy |
| GLNG | Golar LNG | $33.46 | $49.63 | 48.33% | Buy |
| NVGS | Navigator | $15.94 | $22.00 | 38.02% | Buy |
| TNK | Teekay Tankers | $56.15 | $76.00 | 35.35% | Buy |
| EURN | Euronav NV | $16.74 | $21.00 | 25.45% | Hold |
| TRMD | TORM | $36.05 | $45.00 | 24.83% | Buy |
| FRO | Frontline | $23.23 | $28.00 | 20.53% | Buy |
| LPG | Dorian LPG | $35.62 | $40.67 | 14.18% | Buy |
| STNG | Scorpio Tankers | $69.56 | $72.50 | 4.23% | Buy |
| KMI | Kinder Morgan | $21.56 | $20.57 | -4.59% | Hold |
| FLNG | FLEX LNG | $26.60 | $24.00 | -9.77% | Buy |
| TNP | Tsakos Energy Navigation | $29.28 | $26.00 | -11.20% | Buy |
| OKE | ONEOK | $94.66 | $79.00 | -16.54% | 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 -9.77% from its last price of $26.6. 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 -9.77% (from the last price of $26.6 to the average price target of $24), down by -9.77% based on the highest stock price target, and down by -9.77% 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 $382.18M (high $382.18M, low $382.18M), average EBITDA is $289.09M (high $289.09M, low $289.09M), average net income is $124.32M (high $124.32M, low $124.32M), average SG&A $13.63M (high $13.63M, low $13.63M), and average EPS is $2.3 (high $2.3, low $2.3). FLNG's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $894.2M (high $894.2M, low $894.2M), average EBITDA is $676.39M (high $676.39M, low $676.39M), average net income is $149.27M (high $149.27M, low $149.27M), average SG&A $31.9M (high $31.9M, low $31.9M), and average EPS is $2.76 (high $2.76, low $2.76).
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 $188.75M by 45.35%. The company's net income was $188.04M, beating the average estimation of $66.98M by 180.72%. Apple's SG&A was $9.15M, missing the average forecast of $15.94M by -42.60%. 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%