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Frontline: What Do Analysts Expect in 1Q18?

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Frontline

According to Reuters, the consensus rating for Frontline (FRO) is 3.3, which means a “hold.”

Below are the consensus ratings for other crude oil tanker companies on a scale of one (strong buy) to five (strong sell):

  • Nordic American Tankers (NAT): 3.5 or a “hold”
  • Gener8 Maritime (GNRT): 2.2 or a “buy”
  • Teekay Tankers (TNK): 2.7 or a “hold”
  • Euronav (EURN): 2 or a “buy”
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Analysts’ recommendations

Six analysts gave recommendations on Frontline. Of the analysts, 16.6% are bullish on the stock—one analyst gave a “buy” recommendation. Three analysts gave a “hold” recommendation, one gave a “sell” recommendation, and one gave a “strong sell” recommendation.

Target price

The consensus 12-month target price for Frontline is $5.02, which implies a potential upside of 3.7% from the market price on April 19.

1Q18 estimates

According to Reuters’ consensus, Frontline’s revenue will be ~$87.7 million in 1Q18—compared to $178.5 million in 4Q17 and ~$121 million in 1Q17. Along with a fall in the revenue, the EBITDA (earnings before interest, taxes, and amortization) is estimated to be lower. Analysts expect Frontline’s 1Q18 EBITDA to be $34 million—compared to $60 million in 4Q17 and $97.3 million in 1Q17.

For 2018, analysts expect Frontline’s revenue to be $424 million—34% lower than its revenue of $646 million in 2017. Frontline’s 2018 EBITDA estimate stands at $182 million, which is lower than its EBITDA of $207 million in 2017.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

Next, we’ll discuss analysts’ recommendations and estimates for DHT Holdings.

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