Frontline (NYSE:FRO) Price Target Raised to $42.00

Frontline (NYSE:FRO) had its target price increased by BTIG Research from $35.00 to $42.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the shipping company’s stock.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group raised their price objective on Frontline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Clarkson Capital raised Frontline from a “neutral” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Frontline in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.62.

Frontline Price Performance

Frontline stock opened at $37.91 on Friday. The stock has a market capitalization of $8.44 billion and a P/E ratio of 22.30. Frontline has a 12-month low of $12.40 and a 12-month high of $37.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50-day moving average is $27.38 and its two-hundred day moving average is $24.48.

Frontline (NYSE:FRO) last announced its quarterly earnings data on Friday, February 27th. The shipping company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.10). Frontline had a net margin of 19.31% and a return on equity of 16.81%. The firm had revenue of $424.51 million for the quarter, compared to analysts’ expectations of $456.90 million. During the same period in the previous year, the company posted $0.20 EPS. The business’s quarterly revenue was up 46.7% on a year-over-year basis. Equities analysts predict that Frontline will post 1.78 earnings per share for the current year.

Frontline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 10.9%. This is a boost from Frontline’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 12th. Frontline’s dividend payout ratio (DPR) is presently 77.55%.

Hedge Funds Weigh In On Frontline

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Frontline by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,903,785 shares of the shipping company’s stock worth $129,966,000 after purchasing an additional 63,432 shares during the period. Balyasny Asset Management L.P. grew its stake in Frontline by 44.0% during the third quarter. Balyasny Asset Management L.P. now owns 2,247,120 shares of the shipping company’s stock worth $51,212,000 after buying an additional 686,212 shares during the period. Marshall Wace LLP increased its position in shares of Frontline by 155.1% in the second quarter. Marshall Wace LLP now owns 1,692,537 shares of the shipping company’s stock worth $27,775,000 after acquiring an additional 1,029,034 shares in the last quarter. UBS Group AG raised its stake in shares of Frontline by 18.2% in the 4th quarter. UBS Group AG now owns 1,411,265 shares of the shipping company’s stock valued at $30,794,000 after acquiring an additional 217,760 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Frontline by 20.6% during the 3rd quarter. SG Americas Securities LLC now owns 1,058,260 shares of the shipping company’s stock valued at $24,118,000 after acquiring an additional 180,731 shares in the last quarter. 22.70% of the stock is currently owned by hedge funds and other institutional investors.

More Frontline News

Here are the key news stories impacting Frontline this week:

• Positive Sentiment: Company announced a major VLCC fleet renewal alongside a strong Q4 operational update, signaling reinvestment in younger, more efficient tonnage and potential medium‑term earnings leverage as older ships are replaced. Frontline Delivers Strong Q4 and Launches Major VLCC Fleet Renewal
• Positive Sentiment: BTIG raised its price target to $42 and maintained a Buy rating, providing fresh analyst backing and suggesting upside from current levels — a catalyst for momentum and investor confidence. BTIG Price Target Raise
• Positive Sentiment: Board refresh: Frontline appointed shipping veteran Mikkel Storm Weum and accepted Ørjan Svanevik’s resignation — a governance move that brings operational experience to the board and may support strategic execution. Frontline Refreshes Board
• Neutral Sentiment: Revenue grew ~46.7% year‑over‑year, reflecting stronger freight markets and higher utilization — a clear operational positive, though some of this improvement may already be reflected in the rally. Q4 Earnings Summary
• Neutral Sentiment: Street still expects continued earnings growth (consensus ~1.78 EPS for the year), which supports valuation, but this is forward‑looking and dependent on tanker rates and fleet utilization.
• Negative Sentiment: Reported EPS of $1.03 missed the $1.13 consensus — a near‑term negative that tempers the headline strength and explains some intra‑day volatility. Detailed earnings snapshots are available. Frontline Q4 Earnings Summary & Key Takeaways

About Frontline

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.

Frontline’s fleet is geared toward high-capacity, ocean-going tankers capable of carrying large volumes of crude oil over intercontinental distances.