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. Since then, FRO shares have decreased by 19.4% and is now trading at $7.40. 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) released its quarterly earnings results on Wednesday, May, 20th. The shipping company reported $0.91 EPS for the quarter, missing analysts' consensus estimates 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 last year, the business earned $0.27 earnings per share. View Frontline's earnings history.

Frontline declared a quarterly dividend on Wednesday, May 20th. Investors 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 dividend on an annualized basis and a yield of 37.84%. 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.

7 analysts have issued 1 year price targets for Frontline's stock. Their forecasts range from $5.92 to $18.00. On average, they expect Frontline's share price to reach $11.57 in the next twelve months. This suggests a possible upside of 56.4% from the stock's current price. View analysts' price targets for Frontline.

News articles about FRO stock have been trending negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Frontline earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Frontline.

Frontline saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,480,000 shares, a decrease of 6.4% from the June 15th total of 6,920,000 shares. Based on an average 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 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), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), 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."

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 $7.40.

Frontline has a market capitalization of $1.46 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]