FRO Stock Summary and Trading Ideas (Frontline PLC | NYSE:FRO)

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.

Frontline PLC trades on the NYSE stock market under the symbol FRO.

As of April 19, 2024, FRO stock price climbed to $23.10 with 1,179,605 million shares trading.

FRO has a beta of -0.69, meaning it tends to be less sensitive to market movements. FRO has a correlation of 0.05 to the broad based SPY ETF.

FRO has a market cap of $5.14 billion. This is considered a Mid Cap stock.

Last quarter Frontline PLC reported $415 million in Revenue and $.46 earnings per share. This beat revenue expectation by $139 million and met earnings estimates .

In the last 3 years, FRO stock traded as high as $25.14 and as low as $6.10.

The top ETF exchange traded funds that FRO belongs to (by Net Assets): IEFA, SCZ, IXUS, IDEV, BOAT.

FRO has outperformed the market in the last year with a return of +48.0%, while the SPY ETF gained +21.2%. In the last 3 month period, FRO beat the market returning +6.2%, while SPY returned +4.3%. However, in the most recent 2 weeks FRO has underperformed the stock market by returning -4.8%, while SPY returned -3.5%.

FRO support price is $22.32 and resistance is $23.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRO stock will trade within this expected range on the day.