Frontline stock price at $22

Frontline stock price at $22.52 is seen by some portfolio managers as undervalued relative to 2024 EPS forecasts. A sustained oil price above $85 per barrel could catalyze a re-rating. In its latest quarter ending March 31, 2021, Frontline’s net income declined 82% and its revenue fell 53%. That decline put pressure on the company’s share price and was partly due to oil production cuts by Russia, Saudi Arabia and the OPEC nations. Frontline stock pays a $2.00 yearly dividend that yields 22.99%, which could make it a good candidate for income investors. At its recent price of $8.56 per share, the stock also qualifies for Benzinga’s stocks under $10 list. It presently has a 6.74 price-to-earnings (P/E) ratio on a trailing 12 month basis (ttm). Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in Frontline by 59.3% during the 1st quarter. Signaturefd LLC now owns 2,657 shares of the shipping company's stock worth $39,000 after buying an additional 989 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Frontline by 17.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,730 shares of the shipping company's stock worth $160,000 after buying an additional 1,447 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Frontline during the 2nd quarter worth $25,000. TD Asset Management Inc lifted its holdings in Frontline by 9.9% during the 2nd quarter. TD Asset Management Inc now owns 17,079 shares of the shipping company's stock worth $281,000 after buying an additional 1,535 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Frontline by 9.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 21,425 shares of the shipping company's stock worth $352,000 after buying an additional 1,825 shares in the last quarter. Institutional investors and hedge funds own 22.70% of the company's stock. About Frontline ( Get Free Report ) Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus. Featured Articles Five stocks we like better than Frontline Investing in Travel Stocks Benefits Datavault AI: The New AI Contender Backed by Big Funding 3 Must-Buy Warren Buffett Stocks for Volatile Times CoreWeave: Why the New King of AI Infrastructure Has Room to Run Breakout Stocks: What They Are and How to Identify Them Top 3 Dividend Achievers for October: High Yields, Growth Ahead This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Frontline Right Now? Before you consider Frontline, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frontline wasn't on the list. While Frontline currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Metaverse Stocks And Why You Can't Ignore Them Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Get This Free Report Frontline stock price held stable at $22.95 despite broader energy sector weakness. Some equity research firms maintain a buy rating, projecting a 12-month target of $26.00 based on persistent tanker rate strength.