With 1.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.9 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $19.545 whereas the lowest price it dropped to was $19.24. The 52-week range on FRO shows that it touched its highest point at $29.39 and its lowest point at $18.34 during that stretch. It currently has a 1-year price target of $29.02. With its current market cap of 4.31 billion, FRO has annualized dividend of $1.91 while the current yield stands at 9.87%. Beta for the stock currently stands at 0.09.
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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 down-trending over the past week, with a drop of -0.67%, but this was down by -19.97% over a month. Three-month performance dropped to -16.05% while six-month performance fell -24.76%. The stock lost -11.19% in the past year, while it has lost -3.44% so far this year. A look at the trailing 12-month EPS for FRO yields 2.67 with Next year EPS estimates of 3.05. For the next quarter, that number is 0.36. This implies an EPS growth rate of -4.14% for this year and 7.91% 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 2024-10-15, short shares totaled 7.17 million, which was 322.0 higher than short shares on 1726185600. 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 0.30616 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 2024-06-30, FRO reported revenue of $556026000.0 and operating income of $255919000.0. The EBITDA in the recently reported quarter was $343146000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FRO since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FRO analysts setting a high price target of 37.0 and a low target of 32.0, the average target price over the next 12 months is 34.5. Based on these targets, FRO could surge 91.12% to reach the target high and rise by 65.29% to reach the target low. Reaching the average price target will result in a growth of 78.2% from current levels.
Analysts have provided yearly estimates in a range of $3.604 being high and $2.32907 being low. For FRO, this leads to a yearly average estimate of $2.82774. The surprise factor in the prior quarter was $0.73. Based on analyst estimates, the high estimate for the next quarter is $1.42 and the low estimate is $0.53. The average estimate for the next quarter is thus $0.96.
