Frontline Ltd (NYSE:FRO) declared a — dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.10 per share by the shipping company on Friday, December 20th. The ex-dividend date is Tuesday, December 10th.
FRO stock traded up $0.22 during midday trading on Wednesday, reaching $10.92. The stock had a trading volume of 33,463 shares, compared to its average volume of 1,127,010. Frontline has a 52-week low of $4.82 and a 52-week high of $11.91. The stock has a market cap of $2.15 billion, a PE ratio of -78.18, a P/E/G ratio of 2.19 and a beta of 0.98. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $8.88.
Frontline (NYSE:FRO) last announced its quarterly earnings data on Wednesday, November 27th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). Frontline had a net margin of 6.76% and a return on equity of 5.52%. The company had revenue of $187.64 million during the quarter, compared to analysts’ expectations of $106.40 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts predict that Frontline will post 0.84 EPS for the current fiscal year.
FRO has been the subject of a number of research analyst reports. Evercore ISI upgraded shares of Frontline from an “in-line” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Friday, October 18th. ValuEngine upgraded Frontline from a “sell” rating to a “hold” rating in a report on Tuesday. BTIG Research increased their target price on shares of Frontline from $12.00 to $18.00 in a research report on Tuesday, November 5th. Zacks Investment Research upgraded shares of Frontline from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a report on Wednesday, September 18th. Finally, Nordea Equity Research raised shares of Frontline from a “sell” rating to a “buy” rating in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Frontline has an average rating of “Buy” and an average target price of $9.73.
Frontline Company Profile
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, 2018, the company's fleet consisted of 61 vessels, which included very large crude carrier, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.
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