Frontline Stock Forecast, Price & 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 stock has decreased by 34.1% and is now trading at $6.05.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Frontline stock. 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 analyst ratings for Frontline or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Frontline a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Frontline wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Frontline is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Frontline.

Frontline Ltd. (NYSE:FRO) issued its quarterly earnings data on Tuesday, November, 24th. The shipping company reported $0.29 EPS for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.06. The shipping company earned $177.82 million during the quarter, compared to the consensus estimate of $188.05 million. Frontline had a net margin of 38.35% and a trailing twelve-month return on equity of 34.28%.
View Frontline's earnings history.

Frontline announced a quarterly dividend on Wednesday, August 26th. Shareholders of record on Friday, September 11th will be given a dividend of $0.50 per share on Tuesday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 33.06%. The ex-dividend date of this dividend is Thursday, September 10th.
View Frontline's dividend history.

Frontline pays an annual dividend of $2.00 per share and currently has a dividend yield of 33.00%. FRO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Frontline is 243.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Frontline will have a dividend payout ratio of 151.52% in the coming year. This indicates that Frontline may not be able to sustain their current dividend.
View Frontline's dividend history.

7 Wall Street analysts have issued 1-year target prices for Frontline's shares. Their forecasts range from $5.92 to $9.93. On average, they expect Frontline's share price to reach $7.89 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
View analysts' price targets for Frontline or view Wall Street analyst' top-rated stocks.

Frontline saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 8,090,000 shares, a decrease of 19.7% from the December 15th total of 10,080,000 shares. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 4.0 days. Approximately 8.2% of the company's shares are sold short.
View Frontline's Short Interest.

Some companies that are related to Frontline include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), SFL (SFL), Scorpio Tankers (STNG), Golden Ocean Group (GOGL), Nordic American Tankers (NAT), GasLog (GLOG), Teekay Tankers (TNK) and Teekay (TK).
View all of FRO's competitors.

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 a variety of retail and institutional investors. Top institutional shareholders include Evermore Global Advisors LLC (0.86%) and Sowell Financial Services LLC (0.01%).

FRO stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC.

FRO stock was purchased by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC.

Shares of FRO 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.

One share of FRO stock can currently be purchased for approximately $6.05.

Frontline has a market capitalization of $1.20 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 157 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]