Frontline Ltd., 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, 2021, 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 Hamilton, Bermuda.
Frontline Stock Down 0.6 %
NYSE:FRO opened at $11.38 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50-day moving average of $9.38 and a two-hundred day moving average of $8.89. Frontline has a 1-year low of $6.10 and a 1-year high of $11.61.
Frontline (NYSE:FRO - Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The shipping company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The company had revenue of $103.79 million during the quarter, compared to analysts' expectations of $106.78 million. Frontline had a negative net margin of 1.15% and a negative return on equity of 4.01%. During the same period in the prior year, the company posted $0.04 EPS. As a group, equities analysts anticipate that Frontline will post 0.75 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on FRO. Jefferies Financial Group began coverage on shares of Frontline in a research report on Wednesday, July 20th. They set a "hold" rating and a $9.00 price target for the company. HC Wainwright upped their price objective on shares of Frontline from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday, May 25th. Finally, StockNews.com cut shares of Frontline from a "hold" rating to a "sell" rating in a research report on Wednesday, July 27th.