With 6.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.95 million shares. The 52-week range on FRO shows that it touched its highest point at $26.53 and its lowest point at $12.40 during that stretch. It currently has a 1-year price target of $24.99. With its current market cap of 4.21 billion, FRO has annualized dividend of $1.34 while the current yield stands at 7.09%. Beta for the stock currently stands at 0.31.
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 8.07%, but this was up by 4.54% over a month. Three-month performance surged to 18.73% while six-month performance rose 32.84%. The stock lost -28.64% in the past year, while it has gained 33.12% so far this year. A look at the trailing 12-month EPS for FRO yields 1.56 with Next year EPS estimates of 3.05. For the next quarter, that number is 0.48. This implies an EPS growth rate of -6.41% for this year and 46.03% for next year. EPS is expected to grow by 18.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.52%.
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.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.30955 being high and $1.93461 being low. For FRO, this leads to a yearly average estimate of $2.14841.
