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Frontline ( (FRO) ) has provided an announcement.
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The company declared a cash dividend of $0.18 per share and achieved significant average daily spot time charter equivalent earnings for its fleet. Frontline also entered into several credit facilities to refinance outstanding debt, enhancing its liquidity and reducing borrowing costs. The company remains well-positioned in the tanker market, benefiting from slow fleet growth and a stable demand for oil transportation.
The most recent analyst rating on (FRO) stock is a Buy with a $345.00 price target. To see the full list of analyst forecasts on Frontline stock, see the FRO Stock Forecast page.
More about Frontline
Frontline plc operates in the shipping industry, primarily focusing on the transportation of oil and related products through its fleet of tankers. The company is strategically positioned with a cost-focused business model and a modern fleet, catering to the global demand for oil transportation.
Average Trading Volume: 3,038,059
Technical Sentiment Signal: Buy
Current Market Cap: $4.01B
See more insights into FRO stock on TipRanks’ Stock Analysis page.