Frontline Ltd. (FRO): What is Its Dividend Yield?

Frontline Ltd. (NYSE:FRO) saw a downside of -3.07% to $8.69 after subtracting -$0.27 on Wednesday. The 5-day average trading volume is 1,595,145 shares of the company’s common stock. It has gained $9.34 in the past week. An average of 2,231,676 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,671,292.

FRO’s 1-month performance is 15.32% or $0.91 on its low of $7.34 reached on 09/20/21. The company’s shares have touched a 52-week low of $5.28 and high of $9.86, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, FRO has achieved 44.05% or $2.46. However, the current price is down -11.92%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 213.33 and a low of 2.373. FRO stock has a beta of 0.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.33 while the price-to-book (PB) in the most recent quarter is 1.10.

Frontline Ltd. pays an annual dividend of $0.50 per share. Its dividend yield is 5.75% and the payout ratio is 0.00%. FRO’s most recent quarterly dividend payment was made on Sep. 29, when it paid $0.50 a share compared with prior rate of $0.70, down -40.0% from last year’s. The company latest dividend decrease of $0.20 reported on Wednesday August 26 2020. Measured over the last 3 years, the Dividend has been growing by 433.33% yearly.

Frontline Ltd.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.80 meaning that FRO stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.20, while the total debt to equity was 1.41. In terms of profitability, the gross margin trailing 12 months is 34.90%. The trailing 12-month EBITDA margin is 32.85% while for the period ending June 29; Frontline Ltd.’s operating margin was 11.00%. The firm’s gross profit as reported stood at $675.47 million against revenue of $1.22 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Frontline Ltd.’s cash and short-term investments amounted to $2.64 million against total debt of $2.28 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected FRO to announce -$0.91 per share in earnings in its latest quarter, but it posted -$1.03, representing a -13.20% surprise. EBITDA for the quarter stood at more than $24.47 million. FRO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.37 billion, with total debt at $2.28 billion

Technical Picture

Let’s look briefly at Frontline Ltd. (FRO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.51%.

The stock’s 5-day moving average is $8.93, reflecting a -5.29% or -$0.48 change from its current price. FRO is currently trading +9.67% above its 20-day SMA, -2.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.65% and +38.36% respectively.

Stochastic %K and %D was 45.42% and 52.98% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 51.66%, while the 14-day stochastic is at 28.18% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Frontline Ltd. (NYSE: FRO), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for FRO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FRO as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is FRO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.65 and a high of $13.47, with their median price target at $8.36. Looking at these predictions, the average price target given by analysts is for Frontline Ltd. (FRO) stock is $9.10.


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