With 1.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.58 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $23.62 whereas the lowest price it dropped to was $22.86. The 52-week range on FRO shows that it touched its highest point at $24.53 and its lowest point at $13.35 during that stretch. It currently has a 1-year price target of $27.81. With its current market cap of 5.20 billion, FRO has annualized dividend of $2.87 while the current yield stands at 12.30%. Beta for the stock currently stands at 0.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FRO was up-trending over the past week, with a rise of 0.13%, but this was up by 1.00% over a month. Three-month performance surged to 23.04% while six-month performance rose 38.93%. The stock gained 32.92% in the past year, while it has gained 16.41% so far this year. A look at the trailing 12-month EPS for FRO yields 2.95 with Next year EPS estimates of 3.48. For the next quarter, that number is 0.84. This implies an EPS growth rate of 24.43% for this year and -5.16% for next year.
Float and Shares Shorts:
At present, 222.62 million FRO shares are outstanding with a float of 143.15 million shares on hand for trading. On Feb 29, 2024, short shares totaled 6.1 million, which was 2.74% higher than short shares on Jan 31, 2024. In addition to MRO as the firm’s Marathon Oil Corporation, FRO serves as its Frontline Plc.
Institutional Ownership:
Through their ownership of 33.75% of FRO’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FRO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
