A History of Outperforming Analyst Forecasts and Beating the Odds: Frontline Plc (FRO)

With 1.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.78 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $27.165 whereas the lowest price it dropped to was $26.5407. The 52-week range on FRO shows that it touched its highest point at $26.77 and its lowest point at $13.35 during that stretch. It currently has a 1-year price target of $29.46. With its current market cap of 6.04 billion, FRO has annualized dividend of $2.17 while the current yield stands at 8.00%. FRO paid its most recent dividend on 1710374400, while the ex-dividend date for that was 1710374400. Beta for the stock currently stands at 0.07.

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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 7.23%, but this was up by 11.42% over a month. Three-month performance surged to 16.89% while six-month performance rose 25.54%. The stock gained 82.94% in the past year, while it has gained 35.31% so far this year. A look at the trailing 12-month EPS for FRO yields 2.95 with Next year EPS estimates of 3.47. For the next quarter, that number is 0.85. This implies an EPS growth rate of 19.93% for this year and -1.81% 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 2024-04-30, short shares totaled 6.88 million, which was 309.0 higher than short shares on 1711584000. In addition to Mr. Lars H. Barstad as the firm’s Chief Executive Officer of Frontline Management AS, Ms. Inger Marie Klemp serves as its Chief Financial Officer of Frontline Management AS.

Institutional Ownership:

Through their ownership of 0.37023 of FRO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, FRO reported revenue of $415004000.0 and operating income of $138047000.0. The EBITDA in the recently reported quarter was $143097000.0 and diluted EPS was $1.07.

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.