NYSE:FROFrontline Stock Price, Forecast & News

Frontline's stock was trading at $9.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FRO stock has decreased by 10.7% and is now trading at $8.20.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Frontline is scheduled to release its next quarterly earnings announcement on Tuesday, August 25th 2020.
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Frontline Ltd (NYSE:FRO) announced its quarterly earnings data on Wednesday, May, 20th. The shipping company reported $0.91 earnings per share 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 analysts' expectations of $299.09 million. Frontline had a return on equity of 20.41% and a net margin of 23.46%. During the same period in the previous year, the firm posted $0.27 EPS.
View Frontline's earnings history.

Frontline declared a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 4th will be given a dividend of $0.70 per share on Monday, June 22nd. This represents a $2.80 annualized dividend and a dividend yield of 34.15%. The ex-dividend date is Wednesday, June 3rd. This is a boost from Frontline's previous quarterly dividend of $0.40.
View Frontline's dividend history.

7 brokerages have issued twelve-month price objectives for Frontline's shares. Their forecasts range from $5.92 to $18.00. On average, they anticipate Frontline's stock price to reach $11.57 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price.
View analysts' price targets for Frontline.

News articles about FRO stock have trended very positive on Saturday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Frontline earned a news impact score of 4.0 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Frontline.

Frontline saw a increase in short interest in July. As of July 31st, there was short interest totaling 12,900,000 shares, an increase of 15.2% from the July 15th total of 11,200,000 shares. Based on an average daily trading volume, of 4,530,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 13.1% of the company's stock are sold short.
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), Golar LNG (GLNG), Scorpio Tankers (STNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK).
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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 many different retail and institutional investors. Top institutional investors include Creative Planning (0.14%), UBS Group AG (0.13%), Swiss National Bank (0.11%), Trexquant Investment LP (0.08%), New York State Common Retirement Fund (0.05%) and First Trust Advisors LP (0.05%).

FRO stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Clear Harbor Asset Management LLC, and Cornerstone Investment Partners LLC.

FRO stock was bought by a variety of institutional investors in the last quarter, including Creative Planning, Trexquant Investment LP, New York State Common Retirement Fund, First Trust Advisors LP, SG Americas Securities LLC, Swiss National Bank, State Board of Administration of Florida Retirement System, and DekaBank Deutsche Girozentrale.

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 $8.20.

Frontline has a market capitalization of $1.61 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]