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T   15.21 (-3.86%)
F   12.38 (+2.23%)
MU   69.17 (+0.12%)
CGC   0.83 (-1.20%)
GE   105.79 (+1.07%)
DIS   90.77 (+2.46%)
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PFE   38.35 (+0.87%)
PYPL   63.96 (+1.44%)
NFLX   400.47 (-0.66%)
NYSE:FRO

Frontline (FRO) Stock Forecast, Price & News

$14.76
+0.20 (+1.37%)
(As of 06/2/2023 ET)
Compare
Today's Range
$14.55
$15.27
50-Day Range
$14.12
$17.08
52-Week Range
$7.51
$19.29
Volume
4.41 million shs
Average Volume
3.60 million shs
Market Capitalization
$3.29 billion
P/E Ratio
6.87
Dividend Yield
29.00%
Price Target
$18.00

Frontline MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.0% Upside
$18.00 Price Target
Short Interest
Bearish
6.91% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.04mentions of Frontline in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-17.53%
From $2.91 to $2.40 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Transportation Sector

103rd out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

29th out of 29 stocks


FRO stock logo

About Frontline (NYSE:FRO) Stock

Frontline Plc is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Limmasol, Cyprus.

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FRO Stock News Headlines

Frontline: China Is Helping, But Will It Last?
The gold catalyst we've waited for
Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Frontline (FRO) to Release Quarterly Earnings on Wednesday
The gold catalyst we've waited for
Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Frontline (NYSE:FRO) Shares Gap Down to $15.10
Analyst Ratings for Frontline
Frontline: Spot Rates Pull Back
Frontline (NYSE:FRO) Shares Gap Up to $15.41
Frontline (NYSE:FRO) Trading Down 3.1%
StockNews.com Downgrades Frontline (NYSE:FRO) to Sell
Frontline: 2022 A Golden Year For Tankers
See More Headlines

FRO Price History

FRO Company Calendar

Last Earnings
2/28/2023
Ex-Dividend for 3/31 Dividend
3/15/2023
Dividend Payable
3/31/2023
Today
6/02/2023
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/24/2023
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
79
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+21.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$475.54 million
Pretax Margin
33.09%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$2.35 per share
Book Value
$10.15 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$3.29 billion
Optionable
Optionable
Beta
0.19

Social Links


Key Executives

  • Lars H. Barstad
    Chief Executive Officer
  • John Fredriksen
    President & Director
  • Inger Marie Klemp
    Chief Financial Officer













FRO Stock - Frequently Asked Questions

Should I buy or sell Frontline stock right now?

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.

What is Frontline's stock price forecast for 2023?

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.

How have FRO shares performed in 2023?

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
.

Are investors shorting Frontline?

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
.

When is Frontline's next earnings date?

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

How were Frontline's earnings last quarter?

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.

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

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
.

Is Frontline a good dividend stock?

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.

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."

Who are Frontline's major shareholders?

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%).

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 $14.79.

How much money does Frontline make?

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.

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 6/2/2023 by MarketBeat.com Staff

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