NYSE:FROFrontline Stock Price, Forecast & News

Frontline's stock was trading at $9.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FRO shares have decreased by 8.3% and is now trading at $8.42.
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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) issued 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 the consensus estimate 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 prior year, the company posted $0.27 earnings per share.
View Frontline's earnings history.

Frontline announced a quarterly dividend on Wednesday, May 20th. Shareholders 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 annualized dividend and a dividend yield of 33.25%. 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 brokerages have issued 12-month target prices for Frontline's stock. Their forecasts range from $5.92 to $18.00. On average, they expect Frontline's stock price to reach $11.57 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts' price targets for Frontline.

Media stories about FRO stock have been trending extremely negative on Thursday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Frontline earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned news articles 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 company's share price in the near future.
View the latest news about Frontline.

Frontline saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,100,000 shares, an increase of 30.6% from the December 31st total of 3,140,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.5% of the company's stock are short sold.
View Frontline's Short Interest.

Some companies that are related to Frontline include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Ship Finance International (SFL), Golar LNG (GLNG), Scorpio Tankers (STNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Frontline investors own include AT&T (T), Energy Transfer LP Unit (ET), DHT (DHT), AGNC Investment (AGNC), Beazer Homes USA (BZH), ANNALY CAP MGMT/SH (NLY), Ford Motor (F), Pfizer (PFE), Enterprise Products Partners (EPD) and Ship Finance International (SFL).

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 shareholders include Grantham Mayo Van Otterloo & Co. LLC (0.49%), HighTower Advisors LLC (0.33%), Bank of New York Mellon Corp (0.18%), Creative Planning (0.14%), Goldman Sachs Group Inc. (0.13%) and UBS Group AG (0.13%).

FRO stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Goldman Sachs Group Inc., Clear Harbor Asset Management LLC, Navellier & Associates Inc, Cornerstone Investment Partners LLC, and Skandinaviska Enskilda Banken AB publ .

FRO stock was bought by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, HighTower Advisors LLC, Bank of New York Mellon Corp, Creative Planning, Trexquant Investment LP, New York State Common Retirement Fund, First Trust Advisors LP, and American International Group 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 $8.42.

Frontline has a market capitalization of $1.66 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]