Frontline (FRO) Stock Price, News & Analysis

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

3 equities research analysts have issued twelve-month 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 stock price to reach $26.10 in the next twelve months. This suggests a possible upside of 13.1% 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 $20.05 on January 1st, 2024. Since then, FRO shares have increased by 15.1% and is now trading at $23.07.
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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 daily volume of 2,350,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 4.9% of the company's stock are sold short.
View Frontline's Short Interest.

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

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

Frontline announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.37 per share on Wednesday, March 27th. This represents a $1.48 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for FRO.

Frontline (NYSE:FRO) pays an annual dividend of $1.48 per share and currently has a dividend yield of 6.16%. 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 45.12% next year. This indicates that the company will be able to sustain or increase its dividend.
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 Oil & Gas Services ETF (PXJ).Global X MSCI Norway ETF (NORW).

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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include SeaCrest Wealth Management LLC (0.02%), Paragon Capital Management Ltd (0.01%), Banque Cantonale Vaudoise (0.00%) and CWM LLC (0.00%).

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.
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