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NYSE:FRO

Frontline - FRO Stock Forecast, Price & News

$16.32
-0.12 (-0.73%)
(As of 03/30/2023 04:00 PM ET)
Add
Compare
Today's Range
$16.15
$16.58
50-Day Range
$13.37
$18.98
52-Week Range
$7.48
$19.29
Volume
1.93 million shs
Average Volume
4.21 million shs
Market Capitalization
$3.63 billion
P/E Ratio
7.59
Dividend Yield
26.23%
Price Target
$17.00

Frontline MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.9% Upside
$17.00 Price Target
Short Interest
Healthy
6.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Frontline in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-20.36%
From $3.34 to $2.66 Per Share

Overall MarketRank

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

1.76 out of 5 stars

Transportation Sector

102nd out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

27th out of 29 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

Oil Tankers In Buy Range After Breaking Out Of Bases (FRO)
Several oil tanker stocks are in buy range, or close to it, as the war in Ukraine and high crude prices are contributing to high earnings for tanker companies.
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
StockNews.com Downgrades Frontline (NYSE:FRO) to Sell
Frontline: 2022 A Golden Year For Tankers
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Is Frontline plc's (NYSE:FRO) 12% ROE Worse Than Average?
Frontline Unusual Options Activity
See More Headlines
Receive FRO Stock News and Ratings via Email

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FRO Company Calendar

Last Earnings
2/28/2023
Ex-Dividend for 3/31 Dividend
3/15/2023
Today
3/30/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/23/2023
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
$17.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+4.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$472.72 million
Pretax Margin
33.08%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$2.15 per share
Book Value
$10.19 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$3.61 billion
Optionable
Optionable
Beta
0.21

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?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 2 hold ratings and 1 buy rating 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?

3 analysts have issued 12 month price objectives for Frontline's shares. Their FRO share price forecasts range from $10.00 to $22.00. On average, they expect the company's share price to reach $17.00 in the next year. This suggests a possible upside of 4.7% 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 on January 1st, 2023. Since then, FRO shares have increased by 33.7% and is now trading at $16.23.
View the best growth stocks for 2023 here
.

Are investors shorting Frontline?

Frontline saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 8,820,000 shares, a decline of 6.2% from the February 28th total of 9,400,000 shares. Based on an average daily volume of 4,280,000 shares, the short-interest ratio is presently 2.1 days. Currently, 6.2% of the company's stock are short sold.
View Frontline's Short Interest
.

When is Frontline's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our FRO earnings forecast
.

How were Frontline's earnings last quarter?

Frontline plc (NYSE:FRO) posted its quarterly 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 net margin of 33.05% and a trailing twelve-month return on equity of 17.21%. Frontline's quarterly revenue was up 148.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) earnings per share.

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

Frontline announced a quarterly dividend on Tuesday, February 28th. Investors of record on Thursday, March 16th will be paid a dividend of $0.30 per share on Friday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Wednesday, March 15th. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for FRO
.

What ETFs hold Frontline's stock?

ETFs with the largest weight of Frontline (NYSE:FRO) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and Invesco Dynamic Oil & Gas Services ETF (PXJ).JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

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 25.66%. 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 199.07%. 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 160.90% 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 many different retail and institutional investors. Top institutional shareholders include Folketrygdfondet (4.06%), Two Sigma Investments LP (2.31%), Millennium Management LLC (2.01%), Two Sigma Advisers LP (2.01%), ANTIPODES PARTNERS Ltd (1.66%) and Barclays PLC (0.96%).

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 $16.23.

How much money does Frontline make?

Frontline (NYSE:FRO) has a market capitalization of $3.61 billion and generates $1.43 billion in revenue each year. The shipping company earns $472.72 million in net income (profit) each year or $2.15 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 3/30/2023 by MarketBeat.com Staff