NYSE:FROFrontline Stock Price, Forecast & News

Frontline's stock was trading at $9.18 on March 11th, 2020 when 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."
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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) posted its earnings results on Wednesday, May, 20th. The shipping company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.04. The shipping company had revenue of $288.52 million for 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 business 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 given a dividend of $0.70 per share on Monday, June 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 33.25%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is an increase from Frontline's previous quarterly dividend of $0.40.
View Frontline's dividend history.

7 brokerages have issued 1-year target prices for Frontline's stock. Their forecasts range from $5.92 to $18.00. On average, they anticipate Frontline's share price to reach $11.57 in the next year. 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 negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Frontline earned a news impact score of -2.2 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
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 volume of 1,330,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.5% of the shares of the company are sold short.
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), Pfizer (PFE), Enterprise Products Partners (EPD), Ford Motor (F) 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 a variety of institutional and retail investors. Top institutional investors include HighTower Advisors LLC (0.33%), Bank of New York Mellon Corp (0.18%), Creative Planning (0.14%), Goldman Sachs Group Inc. (0.13%), UBS Group AG (0.13%) and Swiss National Bank (0.11%).

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, and Cornerstone Investment Partners LLC.

FRO stock was acquired by a variety of institutional investors in the last quarter, including HighTower Advisors LLC, Bank of New York Mellon Corp, Creative Planning, Trexquant Investment LP, New York State Common Retirement Fund, First Trust Advisors LP, American International Group Inc., and SG Americas Securities LLC.

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]