Frontline plc (FRO)
| Market Cap | 4.51B |
| Revenue (ttm) | 1.93B |
| Net Income (ttm) | 594.51M |
| Shares Out | 222.62M |
| EPS (ttm) | 2.67 |
| PE Ratio | 7.59 |
| Forward PE | 9.76 |
| Dividend | $2.48 (12.24%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 1,743,820 |
| Open | 20.47 |
| Previous Close | 20.50 |
| Day's Range | 20.12 - 20.50 |
| 52-Week Range | 18.26 - 29.39 |
| Beta | 0.11 |
| Analysts | Strong Buy |
| Price Target | 27.26 (+34.55%) |
| Earnings Date | Nov 29, 2024 |
About 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, 2023, the company operated a fleet of 76 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. [Read more]
Financial Performance
In 2023, Frontline's revenue was $1.80 billion, an increase of 26.01% compared to the previous year's $1.43 billion. Earnings were $656.41 million, an increase of 38.04%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for FRO stock is "Strong Buy." The 12-month stock price forecast is $27.26, which is an increase of 34.55% from the latest price.
News
Top Income Stocks Offering Big Dividend Yields and Future Growth
Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capit...
Frontline: Tanker Market Strategy And Ongoing Disruptions (Podcast Transcript)
Value Investor's Edge Live returns with the latest episode focused on the crude oil shipping sector. Frontline is the largest US-listed crude tanker owner with a roughly $5B market capitalization.
Frontline: Large Fleet, Excellent Specs, And Attractive Yields
I maintain a Buy rating for Frontline due to its large, modern fleet, strong balance sheet, and attractive dividend yield. FRO's fleet consists of 82 tankers with an average age of 6.2 years. 56% of t...
Frontline plc (FRO) Q2 2024 Earnings Call Transcript
Frontline plc (NYSE:FRO) Q2 2024 Earnings Conference Call August 30, 2024 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Jonathan Chappell - Evercor...
FRO – Second Quarter and Six Months 2024 Results
FRONTLINE PLC REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the six months ended June 30, 2024: Highl...
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graha...
Frontline Plc's Stock And Fleet Are On The Upswing
Frontline plc stock is rated as a buy-to-strong buy opportunity after a recent drop in share price. Growth opportunities in the marine shipping industry outweigh risks, with demand for crude tankers e...
Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks
I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their ...
70 All-Star And Graham Value Stocks: 57 Fit To Buy In June
Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends bas...
Frontline's Aggressive Acquisition Strategy Pays Off Amid Global Disruptions
Frontline reported strong earnings and distributions, indicating a positive outlook for the company. The company's fleet consists of VLCCs, Suezmaxes, and LR2 tankers, with a focus on fuel efficiency ...
Frontline plc (FRO) Q1 2024 Earnings Call Transcript
Frontline plc (NYSE:FRO) Q1 2024 Earnings Conference Call May 30, 2024 9:00 AM ET Company Participants Lars Barstad - Chief Executive Officer Inger Klemp - Chief Financial Officer Conference Call Par...
FRO – First Quarter 2024 Results
FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2024: Highl...
Although Frontline Is Up 83% In 1 Year, We Think There Is More To Come
We examine earnings potential from the acquisition of 24 modern VLCCs from Euronav. The gearing ratio is expected to increase from 62% to 65% in Q1 2024. Favorable supply and demand dynamics over the ...
Frontline: How Geopolitical Shifts Are Steering Growth For Tanker Operations
Frontline's dividend offers a strong 9.4% yield, thanks to strong growth and favourable market conditions. Frontline's strong revenue and EPS growth should help in reducing debt risk. Geopolitical shi...
Frontline plc (FRO) Q42023 Earnings Call Transcript
Frontline plc (FRO) Q42023 Earnings Call Transcript
FRO – Fourth Quarter and Full Year 2023 Results
FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended Decemb...
Frontline: Robust Fundamentals And High Returns
Frontline: Robust Fundamentals And High Returns
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
Frontline: Still A Buy At The High Price
The Red Sea crisis and China's growing demand for crude oil are strong tailwinds for crude oil tankers. Frontline remains one of the best ways to bet on that theme. FRO's 3Q23 results were disappointi...
FRO – Sale of its five oldest VLCCs
Frontline plc (the “Company” or “Frontline”) (NYSE: FRO – OSE: FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, f...
Frontline: Industrial Demand Confirms The Potential Upside
Frontline reported a revenue of $377.08 million, down 1.33% YoY and 26% QoQ compared to $382.18 million in Q3FY22 and $512.8 million in Q2FY23, respectively. The company has recently expanded its flee...
Frontline plc (FRO) Q3 2023 Earnings Call Transcript
Frontline plc (NYSE:FRO) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Jon Chappell - Evercore IS...
FRO – Third Quarter and Nine Months 2023 Results
FRONTLINE PLC REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the nine months ended September 30, 2023...
Frontline: Top 2024 Long Position
Frontline is significantly undervalued trading at approximately five times Q2 2023 earnings annualized with a dividend yield above 12%. The oil tanker market backdrop remains very constructive to forw...
FRO – Closing under the Share Purchase Agreement with CMB NV
Frontline plc (“Frontline”) (NYSE and OSE: FRO), today announced that the sale by Frontline of 13.7 million shares in Euronav NV (“Euronav”) to CMB NV (“CMB”) has been completed. On 9 October 2023 Fro...