Streetbeat News

FRO

Frontline Ltd.

https://www.frontline.bm

Industry

Oil & Gas Midstream

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.

Open

14.10

Mkt cap

3.2B

Volume

3.3M

High

14.30

P/E Ratio

5.78

52-wk high

29.39

Low

13.84

Div yield

0.14

52-wk low

13.71

Frontline's stock has dropped to a 52-week low following its Q3 2024 earnings report. Despite year-over-year growth, the maritime oil shipping sector faces volatility, and decreasing spot contract prices contribute to uncertainty.

Portfolio Pulse from

December 03, 2024 | 1:45 pm

The options market is indicating potential significant movements in Frontline (FRO) stock, suggesting investors should monitor it closely.

Portfolio Pulse from

November 29, 2024 | 2:30 pm

Verizon Frontline supported the U.S. Forest Service with critical communication solutions during the harvest of the U.S. Capitol Christmas Tree in Alaska. This deployment highlights Verizon's role in providing advanced communication technologies for mission-critical operations.

Portfolio Pulse from

November 26, 2024 | 2:15 pm

Frontline plc (FRO) offers a high dividend yield of 12%, appealing to aggressive investors despite its history of unpredictable dividend cuts. With oil prices expected to remain above $70/barrel, FRO is positioned to benefit, although it has a history of disappointing earnings reports.

Portfolio Pulse from

November 26, 2024 | 4:00 am

Verizon Frontline has announced Dejero as its latest partner to earn the 'Verizon Frontline Verified' status, enhancing its partnerships.

Portfolio Pulse from

November 19, 2024 | 2:15 pm

Verizon Frontline supported first responders in a nuclear incident training exercise in North Carolina, providing advanced communication technologies for seamless coordination.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

Oil and gas company shares are declining due to an increase in US crude inventories.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:26 pm

Energy stocks are experiencing a decline as oil prices drop following reports that Israel may target military sites in Iran, excluding oil or nuclear targets.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:52 am

BTIG analyst Gregory Lewis has upgraded Frontline (NYSE:FRO) from Neutral to Buy, setting a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:42 pm

Oil and gas stocks are declining after a recent rally driven by China's stimulus and Middle East tensions. The decline may also be influenced by resumed talks between rival factions in Libya.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 7:22 pm

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