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 17.8% and is now trading at $7.55. View which stocks have been most impacted by Coronavirus.

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." 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 results on Wednesday, May, 20th. The shipping company reported $0.91 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.95 by $0.04. The shipping company earned $288.52 million during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.27 earnings per share. View Frontline's earnings history.

Frontline declared a quarterly dividend on Wednesday, May 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 37.09%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Frontline's previous quarterly dividend of $0.40. View Frontline's dividend history.

7 analysts have issued 1 year price objectives for Frontline's stock. Their forecasts range from $5.92 to $18.00. On average, they anticipate Frontline's stock price to reach $11.57 in the next year. This suggests a possible upside of 53.2% from the stock's current price. View analysts' price targets for Frontline.

News headlines about FRO stock have trended negative on Friday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Frontline earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about Frontline.

Frontline saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,480,000 shares, a drop of 6.4% from the June 15th total of 6,920,000 shares. Based on an average daily trading volume, of 5,430,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 6.6% of the shares of the company 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), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK). 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."

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 $7.55.

Frontline has a market capitalization of $1.49 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]