Frontline Plc (FRO) Stock Could Soon Reward Patient Investors

Frontline Plc (NYSE: FRO) is 11.07% higher on its value in year-to-date trading and has touched a low of $13.35 and a high of $23.26 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 $22.08 in the last trading session, with the day’s gains setting it 0.19%.

Currently trading at $22.27, the stock is 1.08% and 6.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing 0.86% at the moment leaves the stock 22.22% off its SMA200. FRO registered 44.61% gain for a year compared to 6-month gain of 26.39%. The firm has a 50-day simple moving average (SMA 50) of $3.49 and a 200-day simple moving average (SMA200) of $7.14.

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The stock witnessed a 2.11% loss in the last 1 month and extending the period to 3 months gives it a 4.07%, and is 3.92% up 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 2.89% over the week and 3.29% over the month.

Fwd P/E is 6.43. Distance from 52-week low is 66.82% and -4.26% from its 52-week high.

Frontline Plc quarterly earnings per share for the current quarter are estimated at $0.45 with sales reaching $272.39M over the same period.The EPS is expected to grow by 34.86% this year, but quarterly earnings will post -15.70% year-over-year. Quarterly sales are estimated to shrink -48.60% in year-over-year returns.

Frontline Plc (FRO) Top Institutional Holders

263 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 53.90% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 4.29%. Institutions hold 34.61% of the Float.

The top institutional shareholder in the company is Arrowstreet Capital, Limited Partnership with over 6.45 million shares valued at $143.62 million. The investor’s holdings represent 2.90% of the FRO Shares outstanding. As of Sep 29, 2023, the second largest holder is Two Sigma Advisers, LP with 3.87 million shares valued at $86.13 million to account for 1.74% of the shares outstanding. The other top investors are Two Sigma Investments, LP which holds 3.53 million shares representing 1.59% and valued at over $78.71 million, while Barclays Plc holds 1.27% of the shares totaling 2.82 million with a market value of $62.83 million.

Frontline Plc (FRO): Who are the competitors?

The company’s main competitors (and peers) include Ardmore Shipping Corp. (ASC) that is trading -3.67% down over the past 12 months. Teekay Corp. (TK) that is 52.75% higher over the same period.