Frontline (FRO) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRO, but not buy additional shares or sell existing shares.
View FRO analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price targets for Frontline's stock. Their FRO share price forecasts range from $17.00 to $20.00. On average, they anticipate the company's share price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
View analysts price targets for FRO or view top-rated stocks among Wall Street analysts.

Frontline's stock was trading at $12.14 at the beginning of the year. Since then, FRO stock has increased by 54.7% and is now trading at $18.78.
View the best growth stocks for 2023 here.

Frontline saw a increase in short interest in September. As of September 15th, there was short interest totaling 7,210,000 shares, an increase of 81.2% from the August 31st total of 3,980,000 shares. Based on an average daily trading volume, of 2,310,000 shares, the short-interest ratio is presently 3.1 days. Approximately 5.0% of the shares of the stock are short sold.
View Frontline's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our FRO earnings forecast.

Frontline plc (NYSE:FRO) issued its earnings results on Wednesday, August, 23rd. The shipping company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.10. The shipping company earned $522.15 million during the quarter, compared to analysts' expectations of $353.46 million. Frontline had a net margin of 42.38% and a trailing twelve-month return on equity of 31.87%. During the same quarter last year, the company earned $0.21 EPS.

Frontline announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.80 per share on Friday, September 29th. This represents a $3.20 annualized dividend and a yield of 17.04%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for FRO.

ETFs with the largest weight of Frontline (NYSE:FRO) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and Invesco Oil & Gas Services ETF (PXJ).Global X MSCI Norway ETF (NORW).

Frontline (NYSE:FRO) pays an annual dividend of $3.20 per share and currently has a dividend yield of 17.19%. FRO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 86.25%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FRO will have a dividend payout ratio of 121.21% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FRO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Frontline investors own include AT&T (T), DHT (DHT), Energy Transfer (ET), AGNC Investment (AGNC), Enterprise Products Partners (EPD), Pfizer (PFE), Annaly Capital Management (NLY), Beazer Homes USA (BZH), Ford Motor (F) and Wells Fargo & Company (WFC).

Frontline trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRO."

Shares of FRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of FRO stock can currently be purchased for approximately $18.78.

Frontline (NYSE:FRO) has a market capitalization of $4.18 billion and generates $1.43 billion in revenue each year. The shipping company earns $475.54 million in net income (profit) each year or $3.71 on an earnings per share basis.

Frontline's mailing address is PAR-LA-VILLE PLACE 14 PAR-LA-VILLE ROAD, HAMILTON D0, HM 08. The official website for the company is www.frontline.bm. The shipping company can be reached via phone at (572) 558-8767, via email at ir@frontmgt.no, or via fax at 441-295-3494.