Frontline - FRO Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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).

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.

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).

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

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%).

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.
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One share of FRO stock can currently be purchased for approximately $16.23.

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.

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.