Frontline (FRO) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.

2 brokers have issued 1 year target prices for Frontline's stock. Their FRO share price forecasts range from $17.00 to $19.00. On average, they expect the company's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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 2023. Since then, FRO shares have increased by 21.8% and is now trading at $14.79.
View the best growth stocks for 2023 here.

Frontline saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,880,000 shares, an increase of 18.6% from the April 30th total of 8,330,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 6.9% of the shares of the stock are sold short.
View Frontline's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our FRO earnings forecast.

Frontline plc (NYSE:FRO) posted its quarterly earnings results on Tuesday, February, 28th. The shipping company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by $0.11. The shipping company earned $530.10 million during the quarter, compared to the consensus estimate of $363.39 million. Frontline had a trailing twelve-month return on equity of 25.87% and a net margin of 33.05%. The firm's revenue for the quarter was up 148.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS.

Frontline declared a quarterly dividend on Wednesday, May 31st. Shareholders of record on Friday, June 16th will be paid a dividend of $0.70 per share on Friday, June 30th. This represents a $2.80 annualized dividend and a yield of 18.93%. The ex-dividend date is Thursday, June 15th. This is a boost from the stock's previous quarterly dividend of $0.30.
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), Invesco Dynamic Oil & Gas Services ETF (PXJ), Convergence Long/Short Equity ETF (CLSE), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and SPDR S&P Global Infrastructure ETF (GII).First Trust Long/Short Equity ETF (FTLS).

Frontline (NYSE:FRO) pays an annual dividend of $4.28 per share and currently has a dividend yield of 30.29%. 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 199.07%. 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 178.33% 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."

Frontline's stock is owned by a number of institutional and retail investors. Top institutional investors include Folketrygdfondet (3.79%), BlackRock Inc. (2.81%), Barclays PLC (2.72%), Two Sigma Advisers LP (2.10%), Two Sigma Investments LP (2.02%) and Bank of New York Mellon Corp (1.80%).

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.
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One share of FRO stock can currently be purchased for approximately $14.79.

Frontline (NYSE:FRO) has a market capitalization of $3.29 billion and generates $1.43 billion in revenue each year. The shipping company earns $475.54 million in net income (profit) each year or $2.15 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.