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 shares have decreased by 11.1% and is now trading at $8.16. 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) announced its quarterly earnings data on Wednesday, May, 20th. The shipping company reported $0.91 EPS 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 quarter in the previous year, the firm posted $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 annualized dividend and a dividend yield of 34.31%. 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 brokers have issued 1-year target prices for Frontline's stock. Their forecasts range from $5.92 to $18.00. On average, they anticipate Frontline's share price to reach $11.57 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View analysts' price targets for Frontline.

Headlines about FRO stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Frontline earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave media stories about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutFrontline.

Frontline saw a increase in short interest in the month of 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 trading volume of 4,480,000 shares, the short-interest ratio is presently 1.1 days. Approximately 4.9% of the shares of the 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 many different 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 , Skandinaviska Enskilda Banken AB publ , Victory Capital Management Inc., Victory Capital Management Inc., Deutsche Bank AG, GSA Capital Partners LLP, and Invesco Ltd..

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 $8.16.

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]