
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is poised for a significant increase in fourth-quarter earnings, surpassing recent cyclical highs, which is anticipated to benefit shareholders through enhanced dividends. The company has strategically lowered its breakeven costs by prepaying debt, positioning itself favorably for future profitability. Additionally, the expected growth in the product tanker fleet of approximately 7% by 2026, coupled with strong medium-range tanker rates averaging around $26,000 per day in Q3, supports a positive outlook for the company's financial performance.
Bears say
Frontline PLC faced an earnings miss in the third quarter, reporting an adjusted EPS of $0.19 and EBITDA of $179 million, both falling short of consensus estimates, which suggests ongoing operational challenges. The outlook for the tanker segment is further pressured by the anticipated influx of newbuild vessels, particularly impacting secondhand LR2 values, which have remained stagnant despite recent rates fluctuations. Additionally, a slowdown in vessel activity during peak months signals potential demand weakness, exacerbating concerns for Frontline's future revenue generation capabilities.
This aggregate rating is based on analysts' research of Frontline and is not a guaranteed prediction by Public.com or investment advice.
Frontline (FRO) Analyst Forecast & Price Prediction
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