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S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
NYSE:FRO

Frontline (FRO) Stock Forecast, Price & News

$13.70
-1.07 (-7.24%)
(As of 06/5/2023 ET)
Compare
Today's Range
$13.69
$14.31
50-Day Range
$13.70
$17.08
52-Week Range
$7.51
$19.29
Volume
6.46 million shs
Average Volume
3.05 million shs
Market Capitalization
$3.05 billion
P/E Ratio
4.72
Dividend Yield
31.24%
Price Target
$18.00

Frontline MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
31.4% Upside
$18.00 Price Target
Short Interest
Bearish
6.91% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of Frontline in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-17.53%
From $2.91 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Transportation Sector

74th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

24th out of 28 stocks


FRO stock logo

About Frontline (NYSE:FRO) Stock

Frontline Plc is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Limmasol, Cyprus.

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FRO Stock News Headlines

Frontline (NYSE:FRO) Upgraded to "Hold" by StockNews.com
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Frontline: China Is Helping, But Will It Last?
Is There Still Time to Get In On the Lithium Boom?
"Lithium demand from the electric vehicle (EV) industry is growing at twice the rate of lithium production. By 2030, experts predict that 26 million EVs will be on U.S. roads, up from around 600,000 today. That's why new government incentives have been put in place to support more urgently-needed "Made in America" lithium.
Frontline (FRO) to Release Quarterly Earnings on Wednesday
Frontline (NYSE:FRO) Shares Gap Down to $15.10
Analyst Ratings for Frontline
Frontline: Spot Rates Pull Back
Frontline (NYSE:FRO) Shares Gap Up to $15.41
Frontline (NYSE:FRO) Trading Down 3.1%
StockNews.com Downgrades Frontline (NYSE:FRO) to Sell
See More Headlines

FRO Price History

FRO Company Calendar

Last Earnings
2/28/2023
Ex-Dividend for 3/31 Dividend
3/15/2023
Dividend Payable
3/31/2023
Today
6/06/2023
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G3682E12
Employees
79
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$475.54 million
Pretax Margin
37.49%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$2.08 per share
Book Value
$10.15 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
0.19

Social Links


Key Executives

  • Lars H. Barstad
    Chief Executive Officer
  • John Fredriksen
    President & Director
  • Inger Marie Klemp
    Chief Financial Officer













FRO Stock - Frequently Asked Questions

Should I buy or sell Frontline stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRO, but not buy additional shares or sell existing shares.
View FRO analyst ratings
or view top-rated stocks.

What is Frontline's stock price forecast for 2023?

2 brokerages have issued 12 month price targets for Frontline's shares. Their FRO share price forecasts range from $17.00 to $19.00. On average, they anticipate the company's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price.
View analysts price targets for FRO
or view top-rated stocks among Wall Street analysts.

How have FRO shares performed in 2023?

Frontline's stock was trading at $12.14 at the beginning of the year. Since then, FRO stock has increased by 12.9% and is now trading at $13.70.
View the best growth stocks for 2023 here
.

Are investors shorting Frontline?

Frontline saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,880,000 shares, an increase of 18.6% from the April 30th total of 8,330,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 6.9% of the shares of the stock are sold short.
View Frontline's Short Interest
.

When is Frontline's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our FRO earnings forecast
.

How were Frontline's earnings last quarter?

Frontline plc (NYSE:FRO) posted its earnings results on Tuesday, February, 28th. The shipping company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.08 by $0.11. The shipping company earned $530.10 million during the quarter, compared to analysts' expectations of $363.39 million. Frontline had a trailing twelve-month return on equity of 25.39% and a net margin of 37.18%. Frontline's revenue for the quarter was up 148.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS.

How often does Frontline pay dividends? What is the dividend yield for Frontline?

Frontline announced a quarterly dividend on Wednesday, May 31st. Stockholders of record on Friday, June 16th will be given a dividend of $0.70 per share on Friday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 20.44%. The ex-dividend date of this dividend is Thursday, June 15th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for FRO
.

Is Frontline a good dividend stock?

Frontline (NYSE:FRO) pays an annual dividend of $4.28 per share and currently has a dividend yield of 28.98%. FRO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 147.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FRO will have a dividend payout ratio of 178.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FRO.

What other stocks do shareholders of Frontline own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Frontline investors own include AT&T (T), DHT (DHT), Energy Transfer (ET), AGNC Investment (AGNC), Enterprise Products Partners (EPD), Pfizer (PFE), Annaly Capital Management (NLY), Beazer Homes USA (BZH), Ford Motor (F) and Wells Fargo & Company (WFC).

What is Frontline's stock symbol?

Frontline trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRO."

Who are Frontline's major shareholders?

Frontline's stock is owned by a variety of retail and institutional investors. Top institutional investors include Folketrygdfondet (3.79%), BlackRock Inc. (2.81%), Barclays PLC (2.72%), Two Sigma Advisers LP (2.10%), Two Sigma Investments LP (2.02%) and Bank of New York Mellon Corp (1.80%).

How do I buy shares of Frontline?

Shares of FRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Frontline's stock price today?

One share of FRO stock can currently be purchased for approximately $13.70.

How much money does Frontline make?

Frontline (NYSE:FRO) has a market capitalization of $3.05 billion and generates $1.43 billion in revenue each year. The shipping company earns $475.54 million in net income (profit) each year or $2.90 on an earnings per share basis.

How can I contact Frontline?

Frontline's mailing address is PAR-LA-VILLE PLACE 14 PAR-LA-VILLE ROAD, HAMILTON D0, HM 08. The official website for the company is www.frontline.bm. The shipping company can be reached via phone at (572) 558-8767, via email at ir@frontmgt.no, or via fax at 441-295-3494.

This page (NYSE:FRO) was last updated on 6/6/2023 by MarketBeat.com Staff

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