Frontline

FRO · NYSE

$50.32−$0.40 (−0.79%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $50.72

FRO analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $49.73 (−1.2% downside)

Low: $37.37
Now: $50.32
High: $57.78

Upgrades and downgrades

The latest rating actions, newest first

FRO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BTIG	Sep 18, 2026	Maintains	Buy	$55.00 → $70.00	45%
Evercore ISI Group	Aug 31, 2026	Maintains	In-Line	$37.00 → $41.00	63%
BTIG	Jun 24, 2026	Maintains	Buy	$45.00 → $55.00	45%
Evercore ISI Group	Apr 22, 2026	Downgrade	Outperform → In-Line	$46.00 → $38.00	63%
BTIG	Apr 22, 2026	Maintains	Buy	$42.00 → $45.00	45%
BTIG	Feb 27, 2026	Maintains	Buy	$35.00 → $42.00	45%
BTIG	Feb 4, 2026	Maintains	Buy	$30.00 → $35.00	45%
Jefferies	Nov 21, 2025	Maintains	Buy	$28.00 → $30.00	72%
Evercore ISI Group	Oct 28, 2025	Maintains	Outperform	$22.00 → $26.00	63%

The case for and against

Updated Feb 9, 2026

Bull case

Frontline PLC is poised for significant earnings growth in the fourth quarter, with projections indicating a rise beyond recent cyclical highs, which will likely result in higher dividends for shareholders. The company's strategic decision to prepay debt under its revolver has effectively reduced breakeven costs, enhancing overall financial performance going forward. Furthermore, Frontline's modern Very Large Crude Carrier (VLCC) fleet is expected to outperform smaller tankers amidst a healthy tankers market, supported by robust medium-range rates averaging around $26,000 per day in Q3.

Bear case

Frontline PLC experienced a miss in earnings for the third quarter, reporting adjusted EPS of $0.19 and EBITDA of $179 million, both falling short of consensus estimates. The market for secondhand LR2 tankers appears stagnant, with values remaining flat amid projected newbuild deliveries expected to increase competition in the upcoming years. Additionally, while the crude tanker fleet has remained virtually flat, recent decreases in operational activity, particularly with an average of approximately 12 vessels in July and August, could further pressure Frontline’s revenue and profitability outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.