Frontline
About: Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.
Employees: 88
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
117% more call options, than puts
Call options by funds: $29.9M | Put options by funds: $13.8M
14% more capital invested
Capital invested by funds: $1.18B [Q1] → $1.34B (+$160M) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 59
4% less funds holding
Funds holding: 178 [Q1] → 171 (-7) [Q2]
9.78% less ownership
Funds ownership: 33.16% [Q1] → 23.38% (-9.78%) [Q2]
18% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 38
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
BTIG Gregory Lewis 45% 1-year accuracy 10 / 22 met price target | 39%upside $30 | Buy Upgraded | 7 Oct 2024 |
Jefferies Omar Nokta 35% 1-year accuracy 15 / 43 met price target | 39%upside $30 | Buy Maintained | 30 Aug 2024 |
Evercore ISI Group Jonathan Chappell 52% 1-year accuracy 13 / 25 met price target | 49%upside $32 | Outperform Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 3 articles about FRO published over the past 30 days
