
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is positioned for growth with a projected 7% increase in the product tanker fleet by 2026, indicating a favorable market outlook for the shipping sector. The company's modern Very Large Crude Carriers (VLCCs) are expected to outperform smaller tankers, particularly during the winter season, which may lead to enhanced revenue generation. Furthermore, robust medium-range product tanker rates averaging approximately $26,000 per day in Q3 signal strong demand dynamics in the shipping market, contributing positively to Frontline's financial performance.
Bears say
The current market conditions for Frontline PLC indicate a concerning trend, as secondhand LR2 tanker values have remained stagnant due to an anticipated increase in newbuild deliveries over the next two years, oversaturating the market. Additionally, the activity in the tanker segment has slowed significantly to an average of approximately 12 vessels during peak months, suggesting reduced demand despite rising rates leading into winter. With the crude tanker fleet displaying minimal growth this year, these factors collectively contribute to a negative outlook on the company's financial stability and future performance.
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
Start investing in Frontline (FRO)
Order type
Buy in
Order amount
Est. shares
0 shares