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NYSE:FRO

Frontline (FRO) Stock Forecast, Price & News

$18.00
+0.12 (+0.67%)
(As of 09/22/2023 ET)
Compare
Today's Range
$17.91
$18.42
50-Day Range
$14.82
$18.51
52-Week Range
$10.10
$19.29
Volume
2.50 million shs
Average Volume
3.27 million shs
Market Capitalization
$4.01 billion
P/E Ratio
4.85
Dividend Yield
17.78%
Price Target
$18.00

Frontline MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.0% Upside
$18.00 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-6.81%
From $2.79 to $2.60 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Transportation Sector

89th out of 110 stocks

Deep Sea Foreign Transportation Of Freight Industry

20th out of 25 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

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Frontline: Sailing Ahead Of The Pack
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Deutsche Bank Downgrades Frontline (FRO)
Frontline Gets An Upgrade To Buy
Frontline: China Is Helping, But Will It Last?
Analyst Ratings for Frontline
See More Headlines
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FRO Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Last Earnings
8/23/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/22/2023
Dividend Payable
9/29/2023
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
0.0%
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
$2.33 per share
Book Value
$10.15 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$4.01 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 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.

What is Frontline's stock price forecast for 2023?

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.

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 48.3% and is now trading at $18.00.
View the best growth stocks for 2023 here
.

Are investors shorting Frontline?

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
.

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) 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.

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

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
.

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 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.

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 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%).

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 $18.00.

How much money does Frontline make?

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.

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 9/22/2023 by MarketBeat.com Staff

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