Frontline Ltd. (FRO)

NYSE: FRO · IEX Real-Time Price · USD
18.78
+0.16 (0.86%)
Sep 29, 2023, 4:00 PM EDT - Market closed
0.86%
Market Cap 4.18B
Revenue (ttm) 1.95B
Net Income (ttm) 827.59M
Shares Out 222.62M
EPS (ttm) 3.77
PE Ratio 4.99
Forward PE 6.17
Dividend $3.20 (17.04%)
Ex-Dividend Date Sep 14, 2023
Volume 3,952,964
Open 18.65
Previous Close 18.62
Day's Range 18.42 - 18.84
52-Week Range 10.10 - 19.29
Beta 0.27
Analysts Hold
Price Target 18.00 (-4.15%)
Earnings Date Aug 24, 2023

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, 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. [Read more]

Sector Energy
CEO Lars H. Barstad
Employees 78
Stock Exchange NYSE
Ticker Symbol FRO
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for FRO stock is "Hold." The 12-month stock price forecast is $18.0, which is a decrease of -4.15% from the latest price.

Price Target
$18.0
(-4.15% downside)
Analyst Consensus: Hold
Stock Forecasts

News

FRO – Second Quarter and Six Months 2023 Results

FRONTLINE PLC REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the six months ended June 30, 2023: Highligh...

5 weeks ago - GlobeNewsWire

Is Frontline's 20% Dividend Too Good To Be True?

The Cyprus-based tanker firm Frontline NYSE: FRO, on May 31, posted stellar earnings of $0.90 per share and declared a $0.70 dividend. Given the company's stock price of $13.70, this makes for a mouth...

4 months ago - MarketBeat

FRO – First Quarter 2023 Results

FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2023: Highl...

4 months ago - GlobeNewsWire

The Game Has Changed

In the early 2020s, the stock market looked much like basketball used to: a big man's game. As examples, money management firms like Vanguard and Blackrock lumbered to higher heights of assets while t...

Other symbols: AAPLAPAMSFTOVV
5 months ago - GuruFocus

Smead International Value 1Q 2023 Newsletter: Buying Unwanted Assets

To kick off the beginning of 2023, there continues to be a bias we see in equity investor portfolios. These portfolios have many of the traits investors see at the endpoints of the economy like softwa...

Other symbols: OXYCVE
5 months ago - GuruFocus

OPEC+ throws tanker shipping a curveball, shaking confidence

“In classic Murphy's Law fashion, shipping seems prone to misfortune,” lamented Stifel analyst Ben Nolan in the wake of Sunday's surprise OPEC+ production cuts. “Things could not have been going more ...

Other symbols: DHTNATTNK
6 months ago - FreightWaves

Can Frontline Maintain This Momentum?

The shipping world can be much like the real estate industry, where agents and brokers come and go as the cycle of "hot" markets inevitably comes and goes. By the same token, this cycle births the dem...

6 months ago - MarketBeat

Oil Tankers In Buy Range After Breaking Out Of Bases

When it comes to oil transportation, pipeline companies are attractive due to high yield and stable price performance, but tanker stocks have moved into technical leadership since the start of the yea...

Other symbols: INSWNATTNKTNPTRMD
7 months ago - MarketBeat

FRO – Emergency Arbitration claims initiated by Euronav fully dismissed

Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Mar...

8 months ago - GlobeNewsWire

FRO – Notice of Arbitration from Euronav

Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Mar...

8 months ago - GlobeNewsWire

FRO – Notice of Emergency Arbitration from Euronav

Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Mar...

9 months ago - GlobeNewsWire

FRO - Withdrawing Intention to Bid - Communication in Accordance with Article 8, §1 of the Royal Decree of 27 April 2007 on Public Takeover Bids

Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (mar...

Other symbols: EURN
9 months ago - GlobeNewsWire

FRO – Termination of Combination Agreement with Euronav

Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Mar...

9 months ago - GlobeNewsWire

FRO – Redomiciliation of Frontline to Cyprus is Effective

Frontline plc ("Frontline" or the "Company") (NYSE: FRO - OSE: FRO), formerly Frontline Ltd., refers to its announcement on December 20, 2022 regarding the approval by Frontline's shareholders at the ...

9 months ago - GlobeNewsWire

FRO – Special General Meeting Approves the Redomiciliation of Frontline to Cyprus

Frontline Ltd. ("Frontline" or the "Company") (NYSE: FRO - OSE: FRO) announces that a Special General Meeting of Shareholders was held on December 20, 2022, at 8:00 a.m. local time, at Par-la-Ville Pl...

10 months ago - GlobeNewsWire

Why Euronav, Frontline And PBF Energy Stock Are Seeing Blue Skies - Frontline (NYSE:FRO), Euronav (NYSE:EURN)

Euronav NV EURN, Frontline Ltd FRO and PBF Energy Inc PBF shares are all trading sharply higher going into the close of Monday's session. Shares of energy companies at large are trading higher amid an...

Other symbols: EURNPBF
10 months ago - Benzinga

FRO - Special General Meeting

Frontline Ltd. (“Frontline”) (NYSE: FRO – OSE: FRO) announces that it will hold a Special General Meeting of Shareholders (the “Meeting”) to consider and approve, among other things, the redomiciliati...

10 months ago - GlobeNewsWire

FRO – Q3 2022 Presentation

Please find enclosed the presentation of Frontline Ltd.'s third quarter 2022 results to be held on the webcast / conference call 30 November, 2022 at 15:00 CET.

10 months ago - GlobeNewsWire

FRO – Third Quarter and Nine Months 2022 Results

Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and nine months ended September 30, 2022

10 months ago - GlobeNewsWire

Shipping stocks in the crosshairs as China fears mount

What's bad for China is bad for ocean shipping stocks. China is pivotal to tanker and dry bulk demand, as well as to containerized cargo flows.

Other symbols: ASCEURNINSWNATSTNG
10 months ago - FreightWaves

FRO – Second Quarter and Six Months 2022 Results

FRONTLINE LTD. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2022

1 year ago - GlobeNewsWire

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Euronav NV Merger

Wilmington, Delaware--(Newsfile Corp. - July 12, 2022) - Rigrodsky Law, P.A. is investigating Euronav NV ("Euronav") (NYSE: EURN) regarding possible breaches of fiduciary duties and other violations o...

Other symbols: EURN
1 year ago - Newsfile Corp

FRONTLINE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Frontline Ltd. - FRO

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Frontline Ltd....

Other symbols: EURN
1 year ago - Business Wire

FRO - Fronline Ltd. and Euronav NV sign definitive combination agreement to create a leading global independent oil tanker operator

The combined group will create a leading global independent oil tanker owner and operator with the management, capabilities, resources and scale to successfully capitalise on the opportunities present...

Other symbols: EURN
1 year ago - GlobeNewsWire

FRO - Frontline Ltd. considers voluntary public takeover bid on Euronav NV

Frontline Ltd. (“FRO” or “Frontline”) (NYSE: FRO - OSE: FRO) is pleased to announce that it has entered into a definitive Combination Agreement with Euronav NV (“EURN” or “Euronav”) (NYSE: EURN - Euro...

1 year ago - GlobeNewsWire