
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is set to benefit significantly from anticipated increased earnings in the fourth quarter, exceeding recent cyclical highs, alongside substantial dividend returns for shareholders. The company's strategy of prepaying debt has notably reduced breakeven costs, positioning it favorably in the market. Additionally, both crude oil and product tanker markets are experiencing strong performance, with a projected growth of the fleet and robust medium-range tanker rates indicating continued operational strength and profitability.
Bears say
Frontline PLC's recent financial results revealed an adjusted third-quarter EPS of $0.19, falling short of both consensus expectations and internal estimates, further compounded by EBITDA of $179 million, which also missed projections. The company's tanker segment faces challenges from a stagnant crude tanker fleet and an increase in newbuild deliveries anticipated over the next two years, leading to flat values for secondhand LR2 vessels. Additionally, a slowdown in shipping activity, particularly during the summer months, has raised concerns about revenue generation amidst rising operational costs and reduced market activity.
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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