
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC is poised for significant earnings growth in the fourth quarter, anticipated to surpass recent cyclical highs, which bodes well for dividend increases for shareholders. The company has reduced its breakevens by prepaying debt, enhancing its financial flexibility going forward. Additionally, robust market dynamics in the tanker segment, particularly with the expected 7% growth of the product tanker fleet by 2026, further strengthen the positive outlook for Frontline's stock.
Bears say
Frontline PLC reported adjusted earnings per share (EPS) of $0.19 for the third quarter, falling short of both consensus estimates and previous projections, while EBITDA also missed expectations at $179 million compared to the forecast of $190 million. The company's fleet dynamics are concerning, particularly with the secondhand LR2 tanker values remaining flat due to an anticipated influx of newbuild deliveries, which could exert downward pressure on asset valuations. Additionally, a slowdown in vessel activity was noted during the summer months with an average of approximately 12 vessels, in contrast to rising rates as the winter season approached, pointing to potential market weakness ahead.
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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