The price of Frontline Plc (NYSE:FRO) shares last traded on Wall Street fell -6.14% to $19.88.
Based on available information, 16 analysts follow Frontline Plc (NYSE:FRO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.01 and a low of $17.00, we find $24.39. Given the previous closing price of $21.18, this indicates a potential upside of 15.16 percent. FRO stock price is now -3.59% away from the 50-day moving average and 15.37% away from the 200-day moving average. The market capitalization of the company currently stands at $4.43B.
Among analysts, 5 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $24.95 as their price target over the next twelve months.
With the price target maintained at $17, Deutsche Bank recently Downgraded its rating from Buy to Hold for Frontline Plc (NYSE: FRO).
A total of 35.70% of the company’s stock is owned by insiders.
A candlestick chart of Frontline Plc (NYSE: FRO) showed a price of $19.52 on Thursday morning. During the past 12 months, Frontline Plc has had a low of $10.55 and a high of $22.95. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 1.79, and a quick ratio of 1.79. The fifty day moving average price for FRO is $20.67 and a two-hundred day moving average price translates $17.24 for the stock.
The latest earnings results from Frontline Plc (NYSE: FRO) was released for Jun, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.94, beating analysts’ expectations of $0.83 by 0.11. This compares to $0.25 EPS in the same period last year. The net profit margin was 22.67% and return on equity was 13.98% for FRO. The company reported revenue of $522.15 million for the quarter, compared to $300.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.64 percent. For the current quarter, analysts expect FRO to generate $249.41M in revenue.
Frontline Plc(FRO) Company Profile
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.
