
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is projected to experience significant increases in fourth-quarter earnings, surpassing recent cyclical highs, which indicates a favorable outlook for shareholders due to anticipated higher dividends. The company has effectively reduced its breakeven costs by prepaying debt, enhancing its financial position going forward. Additionally, the overall fleet growth in the product tanker segment is expected to reach approximately 7% by 2026, reinforcing Frontline's competitive edge with its modern VLCC-heavy fleet.
Bears say
Frontline PLC reported an adjusted third-quarter EPS of $0.19, which was below the consensus estimate of $0.25 and analyst expectations of $0.26, indicating weaker-than-anticipated profitability. Additionally, the company’s EBITDA of $179 million fell short of both consensus and internal forecasts, highlighting ongoing revenue challenges in the face of a stagnating crude tanker fleet and limited ship value appreciation. Furthermore, the slower activity levels, with an average of approximately 12 vessels active during the summer months, highlight a concerning trend that may diminish revenue potential moving forward.
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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