Frontline: Large Fleet, Excellent Specs, And Attractive Yields [Seeking Alpha]
Frontline Plc Ordinary Shares (FRO)
Last frontline plc ordinary shares earnings: 2/27 01:30 am
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US:NYSE Investor Relations:
frontline.bm/page/7/investor_relations
Company Research
Source: Seeking Alpha
Summary I maintain a Buy rating for Frontline due to its large, modern fleet, strong balance sheet, and attractive dividend yield. FRO's fleet consists of 82 tankers with an average age of 6.2 years. 56% of the ships are equipped with scrubbers. Despite high leverage, FRO's operating figures and cash reserves adequately cover debt service costs, ensuring financial stability. The tanker market fundamentals remain strong, with resilient oil demand, a single-digit order book, and aging global fleet, supporting strong tonne mile demand. Antony Velikagathu Note: I covered Frontline plc ( NYSE: FRO ) in January 2024. I prized the company's large fleet, strong balance sheet, and reasonable valuation. At that time, tanker market fundamentals were supportive. The crude oil tanker order book was below 5%, and the number of ships older than 20 years was rising. On the other hand, tonne-mile demand was resilient due to the Red Sea crisis and stable oil demand. In conclusion, I gave
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High impacting Frontline Plc Ordinary Shares news events
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FRO
News
- FRO – Invitation to Q3 2024 Results Conference Call and Webcast [Yahoo! Finance]Yahoo! Finance
- FRO – Invitation to Q3 2024 Results Conference Call and WebcastGlobeNewswire
- FRO – Notice of Annual General Meeting 2024GlobeNewswire
- Frontline plc (NYSE: FRO) had its price target lowered by analysts at Jefferies Financial Group Inc. from $30.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- A Closer Look At Frontline plc's (NYSE:FRO) Impressive ROE [Yahoo! Finance]Yahoo! Finance
FRO
Earnings
- 8/30/24 - Miss
FRO
Sec Filings
- 11/13/24 - Form SC
- 9/27/24 - Form 6-K
- 9/5/24 - Form 6-K
- FRO's page on the SEC website