NYSE:FRO

Frontline (FRO) Stock Price, News & Analysis

$23.01
-0.40 (-1.71%)
(As of 11:52 AM ET)
Today's Range
$22.98
$23.37
50-Day Range
$22.32
$24.46
52-Week Range
$13.35
$25.14
Volume
371,022 shs
Average Volume
2.15 million shs
Market Capitalization
$5.12 billion
P/E Ratio
7.80
Dividend Yield
6.43%
Price Target
$26.10

Frontline MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.5% Upside
$26.10 Price Target
Short Interest
Healthy
4.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Frontline in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-12.18%
From $3.12 to $2.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.70 out of 5 stars

Transportation Sector

90th out of 111 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 26 stocks

FRO stock logo

About Frontline Stock (NYSE:FRO)

Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.

FRO Stock Price History

FRO Stock News Headlines

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Frontline Benefiting From Red Sea Disruptions
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Juan Villaverde is no ordinary crypto trader. His proprietary timing algorithm has led him to rack up a series of gains of 477%, 333% and 153% on Bitcoin … It pointed the way to Cardano, at just 4 cents …Helping investors make 29 times their money.
Frontline: Robust Fundamentals And High Returns
Frontline offloads five oldest VLCCs
Frontline: Still A Buy At The High Price
Frontline: Trading At Large Premium To Fleet Value
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 3/27 Dividend
3/14/2024
Dividend Payable
3/27/2024
Today
4/24/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G3682E12
Employees
78
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$26.10
High Stock Price Target
$30.00
Low Stock Price Target
$22.30
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$656.41 million
Pretax Margin
35.95%

Debt

Sales & Book Value

Annual Sales
$1.83 billion
Cash Flow
$3.75 per share
Book Value
$10.23 per share

Miscellaneous

Free Float
115,586,000
Market Cap
$5.21 billion
Optionable
Optionable
Beta
0.06

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FRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Frontline stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Frontline in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FRO shares.
View FRO analyst ratings
or view top-rated stocks.

What is Frontline's stock price target for 2024?

3 equities research analysts have issued 1-year target prices for Frontline's shares. Their FRO share price targets range from $22.30 to $30.00. On average, they expect the company's share price to reach $26.10 in the next twelve months. This suggests a possible upside of 11.5% 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 2024?

Frontline's stock was trading at $20.05 at the start of the year. Since then, FRO stock has increased by 16.8% and is now trading at $23.4150.
View the best growth stocks for 2024 here
.

Are investors shorting Frontline?

Frontline saw a increase in short interest in March. As of March 15th, there was short interest totaling 6,950,000 shares, an increase of 13.9% from the February 29th total of 6,100,000 shares. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is presently 3.0 days. Approximately 4.9% of the shares of the company are short sold.
View Frontline's Short Interest
.

When is Frontline's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our FRO earnings forecast
.

How were Frontline's earnings last quarter?

Frontline plc (NYSE:FRO) issued its earnings results on Thursday, February, 29th. The shipping company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. The shipping company earned $415 million during the quarter, compared to the consensus estimate of $280.36 million. Frontline had a net margin of 35.95% and a trailing twelve-month return on equity of 26.00%. The company's quarterly revenue was down 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share.

How often does Frontline pay dividends? What is the dividend yield for Frontline?

Frontline announced a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.37 per share on Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for FRO
.

Is Frontline a good dividend stock?

Frontline (NYSE:FRO) pays an annual dividend of $1.48 per share and currently has a dividend yield of 6.47%. 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 50.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRO will have a dividend payout ratio of 54.01% next year. This indicates that the company will be able to sustain or increase its dividend.
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) and Invesco Oil & Gas Services ETF (PXJ).Global X MSCI Norway ETF (NORW).

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).

Who are Frontline's major shareholders?

Frontline's stock is owned by many different retail and institutional investors. Top institutional investors include Paradiem LLC (0.16%), SeaCrest Wealth Management LLC (0.02%), Kovack Advisors Inc. (0.01%), Global Retirement Partners LLC (0.01%), Paragon Capital Management Ltd (0.01%) and Banque Cantonale Vaudoise (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FRO) was last updated on 4/24/2024 by MarketBeat.com Staff

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