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 Q3 regulatory filings by fund managers ($100M+ AUM)
72% more call options, than puts
Call options by funds: $24.4M | Put options by funds: $14.1M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 52
5% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 38
1.02% less ownership
Funds ownership: 24.01% [Q2] → 23.0% (-1.02%) [Q3]
3% less funds holding
Funds holding: 171 [Q2] → 166 (-5) [Q3]
15% less capital invested
Capital invested by funds: $1.38B [Q2] → $1.17B (-$213M) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Jefferies Omar Nokta 26% 1-year accuracy 8 / 31 met price target | 26%upside $20 | Buy Maintained | 17 Dec 2024 |
BTIG Gregory Lewis 44% 1-year accuracy 18 / 41 met price target | 89%upside $30 | Buy Upgraded | 7 Oct 2024 |
Financial journalist opinion
Based on 4 articles about FRO published over the past 30 days
