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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
A Bio-Tech Stock That Has Been Growing Like Crazy! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
A Bio-Tech Stock That Has Been Growing Like Crazy! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
A Bio-Tech Stock That Has Been Growing Like Crazy! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
NYSE:FRO

Frontline (FRO) Stock Forecast, Price & News

$18.78
+0.16 (+0.86%)
(As of 09/29/2023 ET)
Compare
Today's Range
$18.42
$18.84
50-Day Range
$15.00
$18.78
52-Week Range
$10.10
$19.29
Volume
4.33 million shs
Average Volume
2.67 million shs
Market Capitalization
$4.18 billion
P/E Ratio
5.06
Dividend Yield
17.04%
Price Target
$18.00

Frontline MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.2% Downside
$18.00 Price Target
Short Interest
Bearish
5.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of Frontline in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.75%
From $2.66 to $2.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.62 out of 5 stars

Transportation Sector

105th out of 118 stocks

Deep Sea Foreign Transportation Of Freight Industry

27th out of 29 stocks


FRO stock logo

About Frontline (NYSE:FRO) Stock

Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.

FRO Price History

FRO Stock News Headlines

Investors Buy Large Volume of Put Options on Frontline (NYSE:FRO)
A Bio-Tech Stock That Has Been Growing Like Crazy!
Recent News for This One Bio-Tech Has Us All Getting Excited. Sign Up today And Learn More
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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Frontline: Sailing Ahead Of The Pack
Deutsche Bank Downgrades Frontline (FRO)
Frontline Gets An Upgrade To Buy
Frontline: China Is Helping, But Will It Last?
See More Headlines
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FRO Company Calendar

Last Earnings
8/23/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
9/30/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G3682E12
Employees
78
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
-4.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$475.54 million
Pretax Margin
42.44%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$2.27 per share
Book Value
$10.15 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$4.18 billion
Optionable
Optionable
Beta
0.24

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Key Executives

  • Mr. Lars H. Barstad (Age 52)
    Chief Exec. Officer of Frontline Management AS
    Comp: $1.22M
  • Ms. Inger Marie Klemp (Age 59)
    Chief Financial Officer of Frontline Management AS
  • Marios Saveriades
    Sec.













FRO Stock - Frequently Asked Questions

Should I buy or sell Frontline stock right now?

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.

What is Frontline's stock price forecast for 2023?

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.

How have FRO shares performed in 2023?

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
.

Are investors shorting Frontline?

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
.

When is Frontline's next earnings date?

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

How were Frontline's earnings last quarter?

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.

How often does Frontline pay dividends? What is the dividend yield for Frontline?

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
.

What ETFs hold Frontline's stock?

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).

Is Frontline a good dividend stock?

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.

What other stocks do shareholders of Frontline own?

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).

What is Frontline's stock symbol?

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

How do I buy shares of Frontline?

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.

What is Frontline's stock price today?

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

How much money does Frontline make?

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.

How can I contact Frontline?

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.

This page (NYSE:FRO) was last updated on 9/30/2023 by MarketBeat.com Staff

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