
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is poised for a significant increase in fourth-quarter earnings, with expectations of surpassing recent cyclical highs, which will also lead to enhanced dividends for shareholders. The company's proactive debt management, including prepayment under its revolver, is set to lower breakeven points, contributing positively to financial stability. Additionally, with the projected growth of the overall product tanker fleet at approximately 7% by 2026 and the strong performance of medium-range tanker rates, Frontline's modern VLCC-heavy fleet is expected to maintain a competitive edge in the market.
Bears say
Frontline PLC experienced a disappointing performance in the third quarter, with adjusted earnings per share of $0.19 falling short of both consensus estimates and internal forecasts, while EBITDA also missed expectations, indicating weaker revenue generation. The secondhand market for LR2s has remained stagnant due to an impending influx of newbuild deliveries, suggesting a potential oversupply issue that could suppress future valuations. Additionally, despite rising rates in the winter, overall activity levels have declined, pointing to a sluggish market for crude oil transport in the near term.
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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