Frontline (NYSE:FRO) Upgraded by Wall Street Zen to “Strong-Buy” Rating

30 Aug 2026, 06:30 by Sarita Garza · The Markets Daily

Wall Street Zen upgraded shares of Frontline (NYSE:FRO – Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other equities research analysts have also recently weighed in on the stock. Pareto Securities cut shares of Frontline from a “buy” rating to a “hold” rating and set a $39.46 price target for the company. in a research report on Monday, May 25th. Weiss Ratings lowered shares of Frontline from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. BTIG Research boosted their price objective on shares of Frontline from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Danske downgraded shares of Frontline from a “hold” rating to a “sell” rating in a research note on Friday, August 21st. Finally, DZ Bank lowered Frontline from a “hold” rating to a “sell” rating in a report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.62.

Check Out Our Latest Analysis on Frontline

Frontline Stock Performance

FRO stock opened at $44.02 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.03 and a quick ratio of 2.03. The business has a 50-day moving average price of $39.32 and a 200 day moving average price of $36.77. The company has a market capitalization of $9.80 billion, a P/E ratio of 10.84 and a beta of 0.02. Frontline has a 1-year low of $20.31 and a 1-year high of $45.29.

Frontline (NYSE:FRO – Get Free Report) last issued its earnings results on Friday, August 28th. The shipping company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.22. Frontline had a net margin of 36.70% and a return on equity of 27.80%. The company had revenue of $943.30 million for the quarter, compared to analysts’ expectations of $758.85 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 96.5% on a year-over-year basis.

Frontline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 18th will be issued a $2.61 dividend. The ex-dividend date is Friday, September 18th. This represents a $10.44 dividend on an annualized basis and a dividend yield of 23.7%. This is an increase from Frontline’s previous quarterly dividend of $1.55. Frontline’s dividend payout ratio (DPR) is 152.71%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Amundi lifted its position in Frontline by 162.6% during the second quarter. Amundi now owns 847,488 shares of the shipping company’s stock valued at $29,809,000 after acquiring an additional 524,804 shares during the last quarter. Triumph Capital Management lifted its holdings in shares of Frontline by 131.0% during the 2nd quarter. Triumph Capital Management now owns 8,931 shares of the shipping company’s stock valued at $311,000 after purchasing an additional 5,064 shares during the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in shares of Frontline during the 2nd quarter valued at $1,135,000. Quantitative Investment Management LLC acquired a new stake in shares of Frontline in the 2nd quarter worth $270,000. Finally, GTS Securities LLC acquired a new stake in shares of Frontline in the 2nd quarter worth $222,000. Institutional investors own 22.70% of the company’s stock.

Key Frontline News

Here are the key news stories impacting Frontline this week:

Positive Sentiment: Record earnings beat expectations: Frontline reported second-quarter EPS of $2.96, exceeding the $2.74 consensus estimate. Revenue jumped 96.5% year over year to $943.3 million, versus expectations of $758.9 million, while net income reached a record $659 million. The results reflect exceptionally strong tanker rates, supported in part by geopolitical risks and a tight shipping market. Frontline’s Profit Hits Record $659 Million as Geopolitical Risks Impact Tanker Rates
Positive Sentiment: Dividend increased substantially: Frontline declared a quarterly dividend of $2.61 per share, payable September 28 to shareholders of record September 18. The payout is 68.4% above the prior $1.55 dividend and represents an annualized payout of $10.44, with a stated yield of approximately 23.7%. Frontline Delivers Record Q2 Profit, Boosts Payouts as Tanker Market Stays Tight
Positive Sentiment: Analyst sentiment improved: Wall Street Zen upgraded Frontline to “Strong Buy,” adding to the positive reaction to the earnings report. Frontline Upgraded to Strong-Buy at Wall Street Zen
Neutral Sentiment: Options activity increased: Investors purchased 14,816 call options, 154% above average call volume. This indicates increased bullish speculation, but options activity alone does not guarantee sustained buying in the stock. Frontline Target of Unusually Large Options Trading

About Frontline

(Get Free Report)

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.