The Latest Breaking News from FRO

Frontline (NYSE:FRO) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-27. Here's a quick overview of what investors should know before the release.

This top oil tanker stock looks well-positioned to profit from the geopolitical disruptions and favorable demand dynamics that should benefit fuel transport companies this year.

Elephant trackers finding it difficult to drive them back into their habitat, say forest personnel

BHADRADRI KOTHAGUDEM

Frontline Ltd (NYSE:FRO) reported a first-quarter operating revenue increase of 12.1% year-over-year to $217.44 million. Reported spot TCEs for VLCCs, Suezmax tankers, and LR2 tankers in Q1 were $15,700, $16,900, and $19,000 per day, respectively. Net operating income decreased by 7.2% Y/Y to $22.92 million, and the margin contracted by 220 bps…

Frontline Ltd's (NYSE:FRO) price target has been raised to $9 (a downside of 8%) from $8 by H.C. Wainwright analyst Magnus Fyhr. The analyst maintains a Neutral rating on the shares. The target price raise comes after the company agreed to merge with Euronav NV (NYSE:EURN), a crude tanker company, to create a tanker powerhouse with a fleet of…

The oil tanker industry could face a setback amid the global oil supply crunch as the Russia-Ukraine war continues. It might also take some time for the oil tanker industry to reorganize its routes around the current geopolitical unrest. Hence, we think it might be best to now avoid the…

Frontline Ltd (NYSE:FRO) reported a fourth-quarter operating revenue increase of 22% year-over-year to $213.55 million. Total operating expenses increased 11.5% Y/Y to $199.6 million. Net operating income increased to $18.43 million, from $2.86 million a year ago. The margin expanded by 700 bps to 8.6%. Adjusted EPS loss improved to $(0.02) from $(0.10)…