
Frontline (FRO) Stock Forecast & Price Target
Frontline (FRO) Analyst Ratings
Bulls say
Frontline PLC's outlook is bolstered by a projected 7% growth in the product tanker fleet by 2026, indicating a favorable expansion in market capacity. Additionally, the company possesses a modern VLCC-heavy fleet, which is anticipated to outperform smaller tankers, particularly during the strategic winter season. Strong medium-range (MR) product tanker rates, averaging approximately $26k per day in Q3, further enhance Frontline's revenue prospects, reflecting robust demand in both the Atlantic and Pacific regions.
Bears say
The outlook for Frontline PLC appears negative due to several fundamental factors impacting its operations. Specifically, the flat values of secondhand LR2 vessels, which are expected to face an increase in newbuild deliveries over the next two years, indicate a stagnating asset market that could constrain future revenue growth. Additionally, despite a rise in rates approaching winter, the average activity of approximately 12 vessels in July and August suggests weakening demand dynamics, further complicating the company's revenue generation potential in the near term.
This aggregate rating is based on analysts' research of Frontline and is not a guaranteed prediction by Public.com or investment advice.
Frontline (FRO) Analyst Forecast & Price Prediction
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