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

19.27

Mkt cap

4.3B

Volume

1.8M

High

19.55

P/E Ratio

7.25

52-wk high

29.39

Low

19.24

Div yield

0.10

52-wk low

18.34

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

FedEx reported disappointing Q1 fiscal 2025 results, missing revenue and earnings estimates, leading to a 13.1% drop in pre-market trading. Other stocks like Rezolve AI, Veea, and MillerKnoll also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 12:30 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating for Frontline (NYSE:FRO) and maintained a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:13 pm

Frontline shares rose as the company reported better-than-expected Q2 sales results, indicating strong performance.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:24 pm

Marvell Technology's shares rose 6.1% after reporting better-than-expected sales, contributing to a positive day for U.S. stocks. Other notable gainers included MongoDB, Intel, and MINISO Group, each experiencing significant stock price increases due to strong financial results or strategic developments.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 2:15 pm

Frontline Plc (NYSE:FRO) reported a significant increase in Q2 revenue, surpassing expectations, but experienced a decline in EPS. The company is optimizing its fleet by selling older assets and refinancing tankers. Despite a challenging market, Frontline declared a dividend and anticipates increased oil demand in the latter half of 2024.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 11:11 am

Frontline reported Q2 2024 earnings per share of $0.62, missing the $0.67 estimate, but sales of $607.513M beat the $382.322M estimate. EPS decreased by 34.04% from last year, while sales increased by 16.35%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:46 am

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