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Frontline Ltd. (FRO) – Don’t Believe the Hype: Check The Facts

Frontline Ltd. (NYSE: FRO) is 30.31% higher on its value in year-to-date trading and has touched a low of $7.48 and a high of $19.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FRO stock was last observed hovering at around $16.15 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $21.73 for the next 12 months. It is also 43.07% off the consensus price target high of $27.79 offered by 12 analysts, but current levels are 0.13% higher than the price target low of $15.84 for the same period.

Currently trading at $15.82, the stock is -11.64% and 1.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing -2.04% at the moment leaves the stock 26.35% off its SMA200. FRO registered 92.69% gain for a year compared to 6-month gain of 19.22%.

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The stock witnessed a -8.77% loss in the last 1 month and extending the period to 3 months gives it a 13.16%, and is -13.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.80% over the week and 3.77% over the month.

Frontline Ltd. (FRO) has around 79 employees, a market worth around $3.58B and $1.43B in sales. Current P/E ratio is 7.34 and Fwd P/E is 6.17. Profit margin for the company is 33.10%. Distance from 52-week low is 111.50% and -17.98% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).

Frontline Ltd. (FRO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Frontline Ltd. (FRO) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.50, where 3 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Frontline Ltd. is expected to release its quarterly report on 05/31/2023.The EPS is expected to grow by 69.00% this year

Frontline Ltd. (FRO) Top Institutional Holders

The shares outstanding are 222.25M, and float is at 142.78M with Short Float at 6.58%.

Frontline Ltd. (FRO): Who are the competitors?

The company’s main competitors (and peers) include Ardmore Shipping Corporation (ASC) that is trading 275.74% up over the past 12 months and Teekay Corporation (TK) that is 84.64% higher over the same period. Teekay Tankers Ltd. (TNK) is 235.86% up on the 1-year trading charts.

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