In yesterday’s Wall Street session, Frontline Plc (NYSE:FRO) shares traded at $19.28, up 0.47% from the previous session.
15 analysts cover Frontline Plc (NYSE:FRO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.22 and a low of $17.00, we find $24.59. Given the previous closing price of $19.19, this indicates a potential upside of 28.14 percent. FRO stock price is now -7.24% away from the 50-day moving average and 11.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.29B.
The stock has received a hold rating from 4 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $25.62 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.
On Thursday morning Frontline Plc (NYSE: FRO) stock kicked off with the opening price of $19.46. 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 $20.80 and a two-hundred day moving average price translates $17.30 for the stock.
The latest earnings results from Frontline Plc (NYSE: FRO) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.36, missing analysts’ expectations of $0.45 by -0.09. This compares to $0.70 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 $377.08 million for the quarter, compared to $382.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.33 percent. For the current quarter, analysts expect FRO to generate $292.96M 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.
