NYSE:FRO Frontline (FRO) Stock Forecast, Price & News $13.70 -1.07 (-7.24%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$13.69▼$14.3150-Day Range$13.70▼$17.0852-Week Range$7.51▼$19.29Volume6.46 million shsAverage Volume3.05 million shsMarket Capitalization$3.05 billionP/E Ratio4.72Dividend Yield31.24%Price Target$18.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Frontline MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside31.4% Upside$18.00 Price TargetShort InterestBearish6.91% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.30Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth-17.53%From $2.91 to $2.40 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector74th out of 117 stocksDeep Sea Foreign Transportation Of Freight Industry24th out of 28 stocks 3.0 Analyst's Opinion Consensus RatingFrontline has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.00, Frontline has a forecasted upside of 31.4% from its current price of $13.70.Amount of Analyst CoverageFrontline has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.91% of the float of Frontline has been sold short.Short Interest Ratio / Days to CoverFrontline has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Frontline has recently increased by 18.61%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipFrontline is a leading dividend payer. It pays a dividend yield of 28.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFrontline has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Frontline is 147.59%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Frontline will have a dividend payout ratio of 178.33% in the coming year. This indicates that Frontline may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FRO. Previous Next 1.8 News and Social Media Coverage News SentimentFrontline has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Frontline this week, compared to 2 articles on an average week.Search InterestOnly 24 people have searched for FRO on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Frontline to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Frontline insiders have not sold or bought any company stock.Percentage Held by Insiders48.08% of the stock of Frontline is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 35.91% of the stock of Frontline is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Frontline are expected to decrease by -17.53% in the coming year, from $2.91 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Frontline is 4.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Frontline is 4.72, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.10.Price to Book Value per Share RatioFrontline has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Frontline (NYSE:FRO) StockFrontline 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.Read More Receive FRO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Frontline and its competitors with MarketBeat's FREE daily newsletter. Email Address FRO Stock News HeadlinesJune 3, 2023 | finance.yahoo.comNeed To Know: Analysts Are Much More Bullish On Frontline plc (NYSE:FRO) RevenuesJune 3, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Upgraded to "Hold" by StockNews.comJune 6, 2023 | Edge On The Street (Ad)The Ignored EV Story Few Investors Know AboutLithium 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.June 3, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Shares Gap Up Following Dividend AnnouncementJune 2, 2023 | seekingalpha.comFrontline: China Is Helping, But Will It Last?June 1, 2023 | americanbankingnews.comFrontline plc (NYSE:FRO) Plans Dividend Increase - $0.70 Per ShareMay 31, 2023 | seekingalpha.comFrontline plc 2023 Q1 - Results - Earnings Call PresentationMay 31, 2023 | msn.comFrontline beats Q1 top and bottom line estimates; initiates Q2 outlookJune 6, 2023 | Edge On The Street (Ad)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.May 30, 2023 | americanbankingnews.comFrontline (FRO) to Release Quarterly Earnings on WednesdayMay 18, 2023 | finance.yahoo.comInstitutional investors own a significant stake of 37% in Frontline plc (NYSE:FRO)May 18, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Earns Sell Rating from Analysts at StockNews.comMay 10, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Shares Gap Down to $15.10May 9, 2023 | msn.comFrontline best-in-class but hurt by VLCC exposure, Jefferies says in downgradeMay 9, 2023 | markets.businessinsider.comAnalyst Ratings for FrontlineMay 8, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Cut to "Hold" at Jefferies Financial GroupApril 30, 2023 | finance.yahoo.comFrontline Full Year 2022 Earnings: EPS Beats Expectations, Revenues LagApril 28, 2023 | seekingalpha.comFrontline: Spot Rates Pull BackApril 27, 2023 | americanbankingnews.comBrokers Set Expectations for Frontline plc's FY2024 Earnings (NYSE:FRO)April 26, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Shares Gap Up to $15.41April 18, 2023 | finance.yahoo.comFrontline's (NYSE:FRO) Returns On Capital Are Heading HigherApril 8, 2023 | americanbankingnews.comFrontline (NYSE:FRO) Trading Down 3.1%March 30, 2023 | finance.yahoo.comInvestors in Frontline (NYSE:FRO) have made a fantastic return of 378% over the past five yearsMarch 27, 2023 | seekingalpha.comFrontline Plc: Feast Or Famine, We Look At Possible OutcomesMarch 27, 2023 | americanbankingnews.comStockNews.com Downgrades Frontline (NYSE:FRO) to SellMarch 24, 2023 | americanbankingnews.comJefferies Financial Group Equities Analysts Raise Earnings Estimates for Frontline plc (NYSE:FRO)March 10, 2023 | finance.yahoo.comFrontline plc (NYSE:FRO) Pays A US$1.07 Dividend In Just Four DaysSee More Headlines FRO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FRO Company Calendar Last Earnings2/28/2023Ex-Dividend for 3/31 Dividend3/15/2023Dividend Payable3/31/2023Today6/06/2023Ex-Dividend for 6/30 Dividend6/15/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:FRO CUSIPG3682E12 CIK913290 Webwww.frontline.bm Phone(572) 558-8767Fax441-295-3494Employees79Year Founded1985Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.90 Trailing P/E Ratio4.72 Forward P/E Ratio4.71 P/E GrowthN/ANet Income$475.54 million Net Margins37.18% Pretax Margin37.49% Return on Equity25.39% Return on Assets11.61% Debt Debt-to-Equity Ratio0.91 Current Ratio1.75 Quick Ratio1.75 Sales & Book Value Annual Sales$1.43 billion Price / Sales2.13 Cash Flow$2.08 per share Price / Cash Flow6.58 Book Value$10.15 per share Price / Book1.35Miscellaneous Outstanding Shares222,620,000Free Float115,586,000Market Cap$3.05 billion OptionableOptionable Beta0.19 Social Links Key ExecutivesLars H. BarstadChief Executive OfficerJohn FredriksenPresident & DirectorInger Marie KlempChief Financial OfficerKey CompetitorsScorpio TankersNYSE:STNGSFLNYSE:SFLEuronavNYSE:EURNTORMNASDAQ:TRMDStar Bulk CarriersNASDAQ:SBLKView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 1,369 shares on 5/26/2023Ownership: 0.007%Toroso Investments LLCBought 3,075 shares on 5/23/2023Ownership: 0.028%JPMorgan Chase & Co.Bought 341,135 shares on 5/18/2023Ownership: 0.852%New York State Common Retirement FundSold 24,310 shares on 5/18/2023Ownership: 0.029%Harbour Investments Inc.Bought 1,596 shares on 5/16/2023Ownership: 0.001%View All Institutional Transactions 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. 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), Invesco Dynamic Oil & Gas Services ETF (PXJ), Convergence Long/Short Equity ETF (CLSE), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and SPDR S&P Global Infrastructure ETF (GII).First Trust Long/Short Equity ETF (FTLS). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Frontline plc Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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