NYSE:FROFrontline Stock Price, Forecast & News

Frontline's stock was trading at $9.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FRO stock has decreased by 0.5% and is now trading at $9.13. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Frontline.

Frontline is scheduled to release its next quarterly earnings announcement on Tuesday, August 25th 2020. View our earnings forecast for Frontline.

Frontline Ltd (NYSE:FRO) posted its quarterly earnings data on Wednesday, May, 20th. The shipping company reported $0.91 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.95 by $0.04. The shipping company had revenue of $288.52 million for the quarter, compared to the consensus estimate of $299.09 million. Frontline had a return on equity of 21.63% and a net margin of 23.46%. During the same period in the prior year, the firm posted $0.27 earnings per share. View Frontline's earnings history.

Frontline declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.70 per share on Monday, June 22nd. This represents a $2.80 annualized dividend and a yield of 30.67%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Frontline's previous quarterly dividend of $0.40. View Frontline's dividend history.

5 equities research analysts have issued twelve-month target prices for Frontline's shares. Their forecasts range from $9.93 to $18.00. On average, they anticipate Frontline's stock price to reach $12.98 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price. View analysts' price targets for Frontline.

News stories about FRO stock have been trending very negative on Saturday, InfoTrie reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Frontline earned a news impact score of -3.5 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutFrontline.

Frontline saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,780,000 shares, an increase of 10.6% from the April 30th total of 4,320,000 shares. Based on an average daily trading volume, of 4,480,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 4.9% of the company's stock are short sold. View Frontline's Current Options Chain.

Some companies that are related to Frontline include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Ship Finance International (SFL), SemGroup (SEMG), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Teekay Tankers (TNK), Golden Ocean Group (GOGL), Teekay (TK) and GasLog (GLOG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Frontline investors own include AT&T (T), DHT (DHT), Beazer Homes USA (BZH), Energy Transfer LP Unit (ET), Ship Finance International (SFL), Western Asset Mortgage Capital (WMC), AGNC Investment (AGNC), Ford Motor (F), Nordic American Tanker (NAT) and Advanced Micro Devices (AMD).

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 Odey Asset Management Group Ltd (1.28%), JPMorgan Chase & Co. (1.04%), Phoenix Holdings Ltd. (0.82%), Victory Capital Management Inc. (0.63%), Victory Capital Management Inc. (0.63%) and Connor Clark & Lunn Investment Management Ltd. (0.40%).

FRO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Skandinaviska Enskilda Banken AB publ , Victory Capital Management Inc., Victory Capital Management Inc., Deutsche Bank AG, GSA Capital Partners LLP, Invesco Ltd., and Morgan Stanley.

FRO stock was bought by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Pictet Asset Management Ltd., Arosa Capital Management LP, Balyasny Asset Management LLC, Hartree Partners LP, Waratah Capital Advisors Ltd., Precept Management LLC, and BlackRock Inc..

Shares of FRO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FRO stock can currently be purchased for approximately $9.13.

Frontline has a market capitalization of $1.80 billion and generates $957.32 million in revenue each year. The shipping company earns $139.97 million in net income (profit) each year or $0.82 on an earnings per share basis. Frontline employs 145 workers across the globe.

The official website for Frontline is www.frontline.bm.

Frontline's mailing address is PAR-LA-VILLE PLACE 14 PAR-LA-VILLE ROAD, HAMILTON D0, HM 08. The shipping company can be reached via phone at 441-295-6935 or via email at [email protected]