Frontline (FRO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $21.78 to $22.19
• 50-Day Range: $21.46 to $25.67
• 52-Week Range: $18.34 to $29.39
• Volume: 1.60 million shs
• Average Volume: 1.81 million shs
• Market Capitalization: $4.90 billion
• P/E Ratio: 8.28
• Dividend Yield: 11.26%
• Price Target: $28.06
• Consensus Rating: Buy

Frontline Stock Analysis - MarketRank™

Frontline scored higher than 82% of companies evaluated by MarketBeat, and ranked 39th out of 124 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Frontline has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Frontline has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.65%

Earnings Growth

Earnings for Frontline are expected to grow by 15.65% in the coming year, from $2.62 to $3.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Frontline is 8.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Frontline is 8.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.99.

Price to Book Value per Share Ratio

Frontline has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.08% of the float of Frontline has been sold short.

Short Interest Ratio / Days to Cover

Frontline has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Frontline has recently increased by 0.58%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Frontline is a leading dividend payer. It pays a dividend yield of 10.69%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Frontline does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Frontline is 86.71%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Frontline will have a dividend payout ratio of 81.85% in the coming year. This indicates that Frontline may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.08% of the float of Frontline has been sold short.

Short Interest Ratio / Days to Cover

Frontline has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Frontline has recently increased by 0.58%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: N/A

News Sentiment

Frontline has a news sentiment score of 1.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Frontline this week, compared to 3 articles on an average week.

Search Interest

Only 15 people have searched for FRO on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

12 people have added Frontline to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Frontline insiders have not sold or bought any company stock.

Percentage Held by Insiders

48.08% of the stock of Frontline is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.70% of the stock of Frontline is held by institutions.

FRO Stock Analysis - Frequently Asked Questions

How have FRO shares performed this year?

Frontline's stock was trading at $20.05 at the start of the year. Since then, FRO stock has increased by 9.9% and is now trading at $22.03.
View the best growth stocks for 2024 here.

How were Frontline's earnings last quarter?

Frontline plc (NYSE:FRO) issued its quarterly earnings data on Friday, August, 30th. The shipping company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by $0.03. The shipping company had revenue of $409.72 million for the quarter, compared to the consensus estimate of $383.88 million. Frontline had a net margin of 29.42% and a trailing twelve-month return on equity of 19.73%.

Who are Frontline's major shareholders?

Frontline's top institutional investors include SeaCrest Wealth Management LLC (0.02%), Creative Planning, Redhawk Wealth Advisors Inc. and SG Americas Securities LLC (0.01%).

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.

What other stocks do shareholders of Frontline own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Frontline investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and General Electric (GE).

Company Calendar

• Last Earnings: 8/30/2024
• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:FRO
• CUSIP: G3682E12
• CIK: 913290
• Web: www.frontline.bm
• Phone: (572) 558-8767
• Fax: 441-295-3494
• Employees: 80
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $28.06
• High Stock Price Target: $32.00
• Low Stock Price Target: $22.30
• Potential Upside/Downside: +27.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.86
• Trailing P/E Ratio: 8.28
• Forward P/E Ratio: 8.40
• P/E Growth: N/A
• Net Income: $656.41 million
• Net Margins: 29.42%
• Pretax Margin: 29.58%
• Return on Equity: 19.73%
• Return on Assets: 7.79%

Debt

• Debt-to-Equity Ratio: 1.40
• Current Ratio: 1.38
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $1.93 billion
• Price / Sales: 2.54
• Cash Flow: $3.34 per share
• Price / Cash Flow: 6.59
• Book Value: $10.23 per share
• Price / Book: 2.15

Miscellaneous

• Outstanding Shares: 222,623,000
• Free Float: N/A
• Market Cap: $4.90 billion
• Optionable: Optionable
• Beta: 0.04