Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2020, the company operated a fleet of 68 vessels. It is also involved in the charter, purchase, and sale of vessels. Frontline Ltd. is based in Hamilton, Bermuda.
IPO Year:
Exchange: NYSE
Website: frontline.bm
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/7/2024 | $30.00 | Neutral → Buy | BTIG Research |
3/21/2024 | $22.00 → $30.00 | Hold → Buy | Jefferies |
1/9/2024 | $17.00 → $26.00 | Hold → Buy | Deutsche Bank |
8/25/2023 | $17.00 | Buy → Hold | Deutsche Bank |
8/15/2023 | $20.00 | Neutral | JP Morgan |
6/30/2023 | $19.00 → $17.00 | Hold → Buy | Deutsche Bank |
5/8/2023 | $17.00 | Buy → Hold | Jefferies |
9/6/2022 | $11.00 → $16.00 | Hold → Buy | Jefferies |
7/21/2022 | $9.00 | Hold | Jefferies |
4/27/2022 | $9.00 | Hold | Jefferies |
Frontline Ltd. ("Frontline" or the "Company") (NYSE:FRO) announces that a Special General Meeting of Shareholders was held on December 20, 2022, at 8:00 a.m. local time, at Par-la-Ville Place, 4(th) Floor, 14 Par-la-Ville Road, Hamilton, Bermuda. The proposals set out below were all approved by Frontline's shareholders at the Special General Meeting: * * * Increase of Authorized Share Capital To approve an increase of Frontline's authorized share capital from $500,000,000 (divided into 500,000,000 ordinary shares, par value $1.00), to $600,000,000 (divided into 600,000,000 ordinary shares, par value $1.00), by the creation of an additional 100,000,000 ordinary shares, par value $1.00, w
SC 13G/A - Frontline plc (0000913290) (Subject)
SC 13G/A - Frontline plc (0000913290) (Subject)
SC 13D/A - FRONTLINE LTD / (0000913290) (Subject)
SC 13G - FRONTLINE LTD / (0000913290) (Subject)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
20-F - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link's 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in partnership with Citi, and in cooperation with Nasdaq & NYSE, and is known for its large attendance by investors, shipowners and financiers. The Forum features a series of panel discussions as wel
Frontline plc (the "Company" or "Frontline") (NYSE:FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, for an aggregate net sale price of $290 million. The vessels are expected to be delivered to the new owner during the first quarter of 2024. After repayment of existing debt on the vessels, the transaction is expected to generate net cash proceeds of approximately $207 million, and the Company expects to record a gain in the first quarter of 2024 in the range of approximately $68 million to $76 million, depending on the date of delivery of each vessel to the new owner. The sale is subject to certain closing
NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Capital Link will host a complimentary webinar on November 28, 2023, at 10 a.m. Eastern Time on the Tanker shipping sector. REGISTRATIONOnline attendance is complimentary. Please click on the link below to register.https://webinars.capitallink.com/2023/shipping/ FEATURED PANELISTS Paolo d'Amico, Chairman and CEO of d'Amico International Shipping (OTCQX:DMCOF) (Borsa Italiana: DIS)Lars H. Barstad, CEO of Frontline Management AS (NYSE:FRO)Lois K. Zabrocky, CEO of International Seaways, Inc. (NYSE:INSW)Ted C. Petrone, Vice Chairman of Navios Maritime Holdings Inc. (NYSE:NM) Dr. Nikolas P. Tsakos, CEO of Tsakos Energy Navigation (NYSE:TNP) MODER
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., announces that the Emergency Arbitration claims filed by Euronav have been fully dismissed by the Emergency Arbitrator. The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Frontline all costs of the Emergency Arbitration proceedings, including full compensation for legal costs incurred. This decision strengthens Frontline's position that it
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., confirms that it has received from Euronav NV an arbitration request for proceedings on the merits following Frontline's decision to terminate the combination agreement as further explained in Frontline's press release dated 9 January 2023. Frontline is currently analysing this request with its legal advisors. Frontline once again confirms that its decision to terminate the combination agreement was entirely
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., confirms that it has received from Euronav NV an emergency arbitration request for urgent interim and conservatory measures following Frontline's decision to terminate the combination agreement as further explained in Frontline's press release dated 9 January 2023. Frontline is currently analysing this request with its legal advisors. Frontline once again confirms that its decision to terminate the combinati
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (market abuse regulation). This notice relates to an earlier notice in accordance with article 8§1 of the Royal Decree of 27 April 2007 on Public Takeover Bids. Frontline Ltd. ("Frontline") (NYSE:FRO) refers to the notice dated 11 July 2022 in accordance with article 8§1 of the Belgian Royal Decree of 27 April 2007 on Public Takeover Bids regarding its intention to make a voluntary conditional exchange offer on all outstanding shares of Euronav NV ("Euronav") within the context of an agreed co
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., refers to its announcement on July 11, 2022 regarding the combination between Frontline and Euronav NV ("Euronav") and subsequent updates, and announces that it no longer pursues a combination between Frontline and Euronav. Frontline has terminated the combination agreement it entered into with Euronav in this respect. As a result, Frontline will not make a voluntary conditional exchange offer for all
Frontline plc ("Frontline" or the "Company") (NYSE:FRO), formerly Frontline Ltd., refers to its announcement on December 20, 2022 regarding the approval by Frontline's shareholders at the Special General Meeting held on December 20, 2022, to redomicile the Company to the Republic of Cyprus under the name of Frontline plc (the "Redomiciliation"). The Registrar of Companies and Official Receiver of the Republic of Cyprus has today issued a temporary redomiciliation certificate, and the Redomiciliation has therefore taken effect. Frontline Ltd. discontinued its existence as Frontline Ltd. as provided under Sections 132G and 132H of the Companies Act 1981 of Bermuda, and, pursuant to Sections 3
BTIG Research upgraded Frontline from Neutral to Buy and set a new price target of $30.00
Jefferies upgraded Frontline from Hold to Buy and set a new price target of $30.00 from $22.00 previously
Deutsche Bank upgraded Frontline from Hold to Buy and set a new price target of $26.00 from $17.00 previously
Deutsche Bank downgraded Frontline from Buy to Hold and set a new price target of $17.00
JP Morgan initiated coverage of Frontline with a rating of Neutral and set a new price target of $20.00
Deutsche Bank upgraded Frontline from Hold to Buy and set a new price target of $17.00 from $19.00 previously
Jefferies downgraded Frontline from Buy to Hold and set a new price target of $17.00
Jefferies upgraded Frontline from Hold to Buy and set a new price target of $16.00 from $11.00 previously
Jefferies initiated coverage of Frontline with a rating of Hold and set a new price target of $9.00
Jefferies resumed coverage of Frontline with a rating of Hold and set a new price target of $9.00
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., refers to its announcement on July 11, 2022 regarding the combination between Frontline and Euronav NV ("Euronav") and subsequent updates, and announces that it no longer pursues a combination between Frontline and Euronav. Frontline has terminated the combination agreement it entered into with Euronav in this respect. As a result, Frontline will not make a voluntary conditional exchange offer for all
Combination Highlights Transaction structured as a voluntary conditional registered exchange offer initiated by Frontline with an exchange ratio of 1.45 Frontline shares for 1 Euronav share, possibly followed by a squeeze out, with the aim to then propose a merger of Euronav into Frontline to Frontline's and Euronav's shareholders as soon as possible Combines the companies' extensive and complementary platforms and capabilities to shape the new era of sustainable shipping with best-in-class decarbonisation targetsCombined group to be named Frontline; operations to continue in Europe and Asia including Belgium, Norway, UK, Singapore and Greece, with headquarters in CyprusMr. Hugo D
Notice in accordance with article 8, §1 of the Royal Decree of 27 April 2007 on Public Takeover Bids Hamilton, Bermuda 11 July 2022 Frontline Ltd. ("FRO" or "Frontline") (NYSE:FRO) is pleased to announce that it has entered into a definitive Combination Agreement with Euronav NV ("EURN" or "Euronav") (NYSE: EURN - Euronext Brussel: EURN) for a stock-for-stock combination based on an exchange ratio of 1.45 FRO shares for every 1.0 EURN share (the "Combination"), which was unanimously approved by all the members of Frontline's Board of Directors and by all members of Euronav's Supervisory Board. The agreement memorialises the principal aspects of the previously announced term shee
FRO – Private acquisitions of Euronav shares in exchange for Frontline shares completed Frontline Ltd. ("Frontline" or the "Company") (NYSE:FRO) announces that it has agreed to acquire a total of 5,955,705 shares in Euronav N.V. (NYSE:EURN, Euronext: EURN))) ("Euronav") representing 2.95% of the outstanding shares in privately negotiated share exchange transactions with certain shareholders of Euronav N.V. where such shareholders of Euronav N.V. receive consideration shares in Frontline. Frontline will issue a total of 8,337,986 new shares as a result of these transactions, equivalent to an exchange ratio of 1.4. Frontline will be entitled to the declared USD 0,06 dividend to be paid by E
COMBINATION BETWEEN FRONTLINE LTD. AND EURONAV NV Creating a global leader in the oil tanker industry HAMILTON, Bermuda and ANTWERP, Belgium, April 7, 2022 –Frontline Ltd. ("FRO" or "Frontline") (NYSE:FRO) and Euronav NV ("EURN" or "Euronav") (NYSE:EURN, Euronext: EURN))) are pleased to announce that the companies have signed a term sheet that has been unanimously approved by their Board of Directors and Supervisory Board, respectively, on a potential stock-for-stock combination between the two companies, based on an exchange ratio of 1.45 FRO shares for every EURN share resulting in Euronav and Frontline shareholders owning approximately 59% and 41%, respectively, of the combined
Evercore ISI Group analyst Jonathan Chappell maintains Frontline (NYSE:FRO) with a Outperform and lowers the price target from $33 to $32.
Jefferies analyst Omar Nokta maintains Frontline (NYSE:FRO) with a Buy and maintains $30 price target.
U.S. stocks were mixed, with the Dow Jones index falling over 50 points on Thursday. Shares of Enliven Therapeutics, Inc. (NASDAQ:ELVN) rose sharply during Thursday’s session. Enliven Therapeutics announced proof of concept data from Phase 1 clinical trial of ELVN-001 in chronic myeloid leukemia. Enliven Therapeutics shares surged 26% to $24.97 on Thursday. Here are some other big stocks recording losses in today’s session. Rallybio Corporation (NASDAQ:RLYB) shares gained 89.6% to $3.09 after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT. Alpine Immune Sciences, Inc. (NASDAQ:ALPN) jumped 36.6% to $64.25
Ratings for Frontline (NYSE:FRO) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 1 0 0 3M Ago 1 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $24.66, along with a high estimate of $30.00 and a low estimate of $22.00. Observing a 6.61% increase, the c
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Rosenblatt boosted the price target for Micron Technology, Inc. (NASDAQ:MU) from $140 to $225. Rosenblatt analyst Hans Mosesmann maintained a Buy rating. Micron shares gained 2.4% to close at $96.25 on Wednesday. See how other analysts view this stock. Needham increased the price target for Alight, Inc. (NYSE:ALIT) from $12 to $13. Needham analyst Kyle Peterson maintained a Buy rating. Alight shares jumped 14% to close at $10.08 on Wednesday. See how other analysts view this stock. HC Wainwright
Jefferies analyst Omar Nokta upgrades Frontline (NYSE:FRO) from Hold to Buy and raises the price target from $22 to $30.
In the last three months, 4 analysts have published ratings on Frontline (NYSE:FRO), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Frontline and provided 12-month price targets. The average target is $23.32, accompanied by a high estimate of $26.00 and a low estimate of $22.00. This current average ha
JP Morgan analyst Samuel Bland maintains Frontline (NYSE:FRO) with a Neutral and lowers the price target from $23 to $22.3.