Frontline plc (NYSE: FRO) has reported earnings for its third fiscal quarter (ending September 30) of $0.27 versus $0.48 for the same period a year ago — a decline of -44%. E.P.S. were $2.46 for the latest four quarters through September 30 versus $3.51 for the same period a year ago — a decline of -30%.
Recent Price Action
Frontline plc (NYSE: FRO) stock closed at $16.78 on 11/27/24 after a large decline of -7.1%. Moreover, trading volume in this decline was exceptionally high at 265% of normal. The stock has been weak relative to the market over the last nine months and has declined -18.1% during the last week.
Current PriceTarget Research Rating
Frontline plc has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a very high Appreciation Score of 87 but a neutral Power Rating of 42, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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