Frontline CEO Says Tanker Industry 'Maintains Business As Usual' Amid Uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Frontline Plc reported revenue of $427.9 million for the first quarter of 2025, exceeding expectations, but adjusted EPS fell to 18 cents, below the consensus of 23 cents. The company also experienced a decline in net operating income and operating cash flow compared to the previous year.
Market Outlook: CEO Lars H. Barstad noted improved utilization of larger ships amidst economic uncertainty, while CFO Inger M. Klemp highlighted strengthened liquidity with no significant debt maturities until 2030. However, spot TCEs for the second quarter are expected to be lower due to ballast days.
Analyst Views on FRO
Wall Street analysts forecast FRO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRO is 23.45 USD with a low forecast of 14.36 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 26.370
Low
14.36
Averages
23.45
High
30.00
Current: 26.370
Low
14.36
Averages
23.45
High
30.00
About FRO
FRONTLINE PLC is a Cyprus-based company primarily operating in the transportation sector. The Company's main focus is on seaborne transportation of crude oil and refined products. The Company owns and operates a fleet consisting of multiple VLCC, Suezmax and LR2 / Aframax tankers intended for freight of oil and cargo. The Company operates worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
