Frontline (FRO) Stock Forecast, Price & News

3 Wall Street equities 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 equities 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 target prices for Frontline's shares. Their FRO share price forecasts range from $17.00 to $20.00. On average, they expect the company's stock price to reach $18.00 in the next twelve months.
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 48.3% and is now trading at $18.00.
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Frontline saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,980,000 shares, a decline of 13.1% from the August 15th total of 4,580,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the short-interest ratio is currently 1.5 days. Currently, 2.8% of the company's shares are sold short.
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) announced its quarterly earnings data on Wednesday, August, 23rd. The shipping company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.10. The shipping company had revenue of $522.15 million for the quarter, compared to analyst estimates of $353.46 million. Frontline had a trailing twelve-month return on equity of 31.87% and a net margin of 42.38%. During the same period in the previous year, the business earned $0.21 EPS.

Frontline announced a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.80 per share on Friday, September 29th. This represents a $3.20 annualized dividend and a yield of 17.78%. The ex-dividend date is Thursday, September 14th. This is an increase 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 18.44%. 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 123.08% 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 variety of institutional and retail investors. Top institutional investors include Barclays PLC (1.72%), Renaissance Technologies LLC (1.27%), Bank of Montreal Can (0.98%), Bank of New York Mellon Corp (0.90%), Citigroup Inc. (0.64%) and Marshall Wace LLP (0.50%).

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 $18.00.

Frontline (NYSE:FRO) has a market capitalization of $4.01 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.