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: $13.41 to $13.90
• 50-Day Range: $13.72 to $24.45
• 52-Week Range: $13.41 to $29.39
• Volume: 2.98 million shs
• Average Volume: 1.99 million shs
• Market Capitalization: $3.08 billion
• P/E Ratio: 5.64
• Dividend Yield: 9.84%
• Price Target: $24.36
• Consensus Rating: Moderate Buy

Frontline Stock Analysis - MarketRank™

Frontline scored higher than 83% of companies evaluated by MarketBeat, and ranked 39th out of 129 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: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Frontline has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 4 buy ratings, 2 hold ratings, 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: 74.86%

Earnings Growth

Earnings for Frontline are expected to grow by 74.86% in the coming year, from $1.83 to $3.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Frontline is 5.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Frontline is 5.64, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.07.

Price to Book Value per Share Ratio

Frontline has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.39% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Frontline has recently increased by 7.98%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Frontline is a leading dividend payer. It pays a dividend yield of 9.91%, 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 55.51%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Frontline will have a dividend payout ratio of 42.50% next year. This indicates that Frontline will be able to sustain or increase its dividend.

Sustainability and ESG

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

Percentage of Shares Shorted

5.39% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Frontline has recently increased by 7.98%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.08

News Sentiment

Frontline has a news sentiment score of -0.08. 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 lower news sentiment than the 0.74 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Frontline this week, compared to 3 articles on an average week.

Search Interest

32 people have searched for FRO on MarketBeat in the last 30 days. This is an increase of 256% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added Frontline to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% 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 beginning of the year. Since then, FRO shares have decreased by 31.1% and is now trading at $13.82.
View the best growth stocks for 2024 here.

How were Frontline's earnings last quarter?

Frontline plc (NYSE:FRO) announced its earnings results on Wednesday, November, 27th. The shipping company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by $0.05. Frontline had a net margin of 25.64% and a trailing twelve-month return on equity of 19.25%.

Who are Frontline's major shareholders?

Frontline's top institutional investors include FMR LLC (2.03%), Two Sigma Advisers LP, M&G PLC (0.50%) and Forest Avenue Capital Management LP.

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

• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 11/27/2024
• Ex-Dividend for 12/31 Dividend: 12/11/2024
• Today: 12/18/2024
• Dividend Payable: 12/31/2024
• 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: $24.36
• High Stock Price Target: $32.00
• Low Stock Price Target: $15.83
• Potential Upside/Downside: +76.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.45
• Trailing P/E Ratio: 5.64
• Forward P/E Ratio: 7.55
• P/E Growth: N/A
• Net Income: $656.41 million
• Net Margins: 25.64%
• Pretax Margin: 26.02%
• Return on Equity: 19.25%
• Return on Assets: 7.19%

Debt

• Debt-to-Equity Ratio: 1.44
• Current Ratio: 1.43
• Quick Ratio: 1.43

Sales & Book Value

• Annual Sales: $2.04 billion
• Price / Sales: 1.51
• Cash Flow: $3.56 per share
• Price / Cash Flow: 3.88
• Book Value: $10.23 per share
• Price / Book: 1.35

Miscellaneous

• Outstanding Shares: 222,620,000
• Free Float: N/A
• Market Cap: $3.08 billion
• Optionable: Optionable
• Beta: N/A