
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is poised for significant earnings growth in the fourth quarter, with projections indicating a rise beyond recent cyclical highs, which will likely result in higher dividends for shareholders. The company's strategic decision to prepay debt under its revolver has effectively reduced breakeven costs, enhancing overall financial performance going forward. Furthermore, Frontline's modern Very Large Crude Carrier (VLCC) fleet is expected to outperform smaller tankers amidst a healthy tankers market, supported by robust medium-range rates averaging around $26,000 per day in Q3.
Bears say
Frontline PLC experienced a miss in earnings for the third quarter, reporting adjusted EPS of $0.19 and EBITDA of $179 million, both falling short of consensus estimates. The market for secondhand LR2 tankers appears stagnant, with values remaining flat amid projected newbuild deliveries expected to increase competition in the upcoming years. Additionally, while the crude tanker fleet has remained virtually flat, recent decreases in operational activity, particularly with an average of approximately 12 vessels in July and August, could further pressure Frontline’s revenue and profitability outlook.
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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