Analyst Consensus ?
ConsensusHold22 ratings
Bullish836.4%
Neutral1045.4%
Bearish418.2%
Frontline Plc · FRO · FY2025 Q1 · Calendar Q2 2025
Frontline: Strong VLCC market, but drydock and sanctions risks remain
The current analysis supports a constructive but conditional view: strong VLCC earnings, compliant-tonnage demand and fleet positioning may support results, while drydock requirements, fleet age, sanctions and geopolitical uncertainty limit visibility.
Reported Before market openNYSEIndustrials
$11.69B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.18
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $252.3M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.8%
Event window
SPY move
-0.7%
Same window
Abnormal move
+7.4%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
-4.4%
Up to 20 sessions
FROSPY benchmark
Ask FN2 about FRO FY2025 Q1
Transcript, numbers and history already loaded
What drove FRO's +6.8% move after FY2025 Q1 earnings?What changed in FRO's guidance and outlook in FY2025 Q1?Give me the bull and bear case for FRO after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis shifts toward stronger VLCC market performance and higher planned drydock activity into 2026. It also adds discussion of refinancing, selective older-vessel sales and recycling challenges for sanctioned vessels.
Guidance delta
No guidance was provided in the current analysis.
Key takeaways
- VLCC charter earnings and utilization were strong, while Suezmax and LR2/Aframax performance was solid.
- Sanctions are increasing the premium on compliant tonnage, but policy and geopolitical changes create two-sided risk.
- Liquidity remains strong, while a larger drydock program and aging vessels raise execution and cash-flow questions.
Management priorities
- Maintain high spot-market exposure and dividend payout.
- Consider selective sales of older tonnage while preserving operating leverage.
- Continue refinancing activity and monitor sanctions, compliant-fleet utilization and recycling rules.
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Beat
Miss
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Analyst 52W Price Targets
$52.49Current
$12.49Low
$33.78Average
$70High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BTIG | Buy | Buy | Maintain | Sep 18, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Aug 31, 2026 |
| Jefferies | Buy | Buy | Maintain | Nov 21, 2025 |
| JP Morgan | Neutral | Neutral | Maintain | Mar 1, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Jan 9, 2024 |
| HC Wainwright & Co. | Neutral | Neutral | Maintain | May 25, 2022 |
| Danske Bank | Hold | Buy | Downgrade | Nov 24, 2020 |
| DNB Markets | Buy | Hold | Upgrade | May 28, 2020 |
| Wells Fargo | Market Perform | Outperform | Downgrade | Jan 10, 2019 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 19, 2018 |
| BTIG Research | Neutral | Neutral | Maintain | Sep 27, 2018 |
| Clarksons Platou | Buy | Neutral | Upgrade | Feb 16, 2016 |
| Nordea | Buy | Neutral | Upgrade | Jan 14, 2016 |
| Seaport Global | Buy | Buy | Maintain | Dec 17, 2015 |
| Credit Suisse | Neutral | Underperform | Upgrade | Nov 25, 2015 |
| Imperial Capital | Underperform | Underperform | Maintain | Sep 24, 2013 |
| RS Platou Markets | Sell | Neutral | Downgrade | Sep 3, 2013 |
| Global Hunter Securities | Sell | Sell | Maintain | Apr 17, 2013 |
| Dahlman Rose | Buy | Buy | Maintain | Aug 29, 2012 |
| Goldman Sachs | Neutral | Sell | Upgrade | Aug 24, 2012 |
| Clarkson Capital Markets | Perform | Market Perform | Maintain | May 25, 2012 |
| Fondsfinans | Sell | Sell | Maintain | May 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $52.49. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BTIG | Analyst unavailable | $70 | $54.03 | +33.4% | Sep 18, 2026 |
| Evercore ISI | Jonathan Chappell | $42 | $37.95 | -20.0% | Feb 27, 2026 |
| BTIG | Analyst unavailable | $35 | $28.84 | -33.3% | Feb 4, 2026 |
| Evercore ISI | Analyst unavailable | $26 | $24.06 | -50.5% | Oct 28, 2025 |
| Kepler Capital | Analyst unavailable | $12.49 | $14.91 | -76.2% | Mar 27, 2025 |
| Evercore ISI | Jonathan Chappell | $25 | $16.98 | -52.4% | Nov 27, 2024 |
| BTIG | Gregory Lewis | $30 | $25.68 | -42.8% | Oct 7, 2024 |
| Jefferies | Omar Nokta | $30 | $23.44 | -42.8% | Mar 21, 2024 |
| Deutsche Bank | Amit Mehrotra | $26 | $21.68 | -50.5% | Jan 9, 2024 |
| Deutsche Bank | Amit Mehrotra | $17 | $13.92 | -67.6% | Jun 29, 2023 |
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Start freeCompany context
Snapshot as of publicationFrontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.
Historical context
All FRO earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBHT J.B. Hunt Transport Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.0% | J.B. Hunt: Strong demand, but margin repair remains central |
| FAST Fastenal Company | FY2026 Q3 · Calendar Q4 2026 | +3.3% | +1.1% | Fastenal Q3: Share Gains and Digital Adoption Lift Growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-21T08:24:49.423079+00:00
- Polygon adjusted daily market bars · 2026-10-17T17:50:42.670489+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T17:50:42.667753+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.