# Frontline plc (FRO)

> Source: Nexqual · https://nexqual.com/FRO · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Frontline plc (FRO), nexqual.com/FRO" · informational, not investment advice.

**Price:** USD 51.22 (-0.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 51.29 · day 50.11–52.06 · 52w 20.47–59.75 · market cap $11.4B · NYQ

## Key facts
- Analysts: Hold (mean 2.50 on a 1–5 scale) (4 analysts), mean target USD 54.25 (range 41–70).
- Total return with dividends: 1Y +141.7% vs S&P 500 +14.9%; 5Y +755.2% vs S&P 500 +80.3%.
- Next earnings: 2026-08-28, EPS estimate USD 2.23, revenue estimate $709M.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 4 analysts; mean target USD 54.25 (low 41, high 70).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-18 | BTIG | Target raised | Buy | $55 → $70 |
| 2026-08-31 | Evercore ISI Group | Target raised | In-Line | $37 → $41 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +141.7% | +755.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +142.5% | +53.5% |
| Volatility (annualized) | 44.0% | 48.1% |
| Max drawdown | -21.4% (Mar 2026→Mar 2026) | -50.9% (May 2024→Mar 2025) |

## Peers (Oil & Gas Midstream)
DTM (DT Midstream, Inc.) USD 123.4 -0.87% · AM (Antero Midstream Corporation) USD 20.61 -0.67% · KNTK (Kinetik Holdings Inc.) USD 54.64 -1.89% · VNOM (Viper Energy, Inc.) USD 45.35 -0.72% · SOBO (South Bow Corporation) USD 34.57 -0.52% · PAA (Plains All American Pipeline, L) USD 25.9 +0.04%

## More
Full page: https://nexqual.com/FRO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FRO's own 20-F filed 2026-03-27 (https://www.sec.gov/Archives/edgar/data/913290/000162828026021774/fro-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Related party | Seatankers Management | "We transact business with the following related parties: Seatankers Management Norway AS, Seatankers Management Co. Ltd, Avance Gas and Alta Trading UK Limited, being entities under common control with Hemen." |
| Related party | Gas and Alta Trading UK | "We transact business with the following related parties: Seatankers Management Norway AS, Seatankers Management Co. Ltd, Avance Gas and Alta Trading UK Limited, being entities under common control with Hemen." |
| Related party | Hemen Holding | "We transact business with the following related parties: Seatankers Management Norway AS, Seatankers Management Co. Ltd, Avance Gas and Alta Trading UK Limited, being entities under common control with Hemen." |

Other companies that name FRO in their own reports (relationship from FRO's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Borr Drilling Ltd (BORR) | 20-F 2026-03-26 | "She has held board and committee roles across numerous publicly listed companies, including serving as Director and Audit Committee Chairperson of Diamond S Shipping Inc (until its merger with Interna…" |
| related | Flex LNG Ltd. (FLNG) | 20-F 2026-02-27 | "We have an administrative services agreement with Frontline Management AS, or Frontline Management, a related party, under which they provide us with certain administrative support, technical supervis…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.23 | $1.28 | +73.9% | $708.6M | 3 |
| Next quarter (ends 2026-12-31) | $1.58 | $1.28 | +23.5% | $586.0M | 3 |
| Current fiscal year (ends 2026-12-31) | $9.17 | $7.29 | +25.9% | $2.74B | 4 |
| Next fiscal year (ends 2027-12-31) | $5.24 | $3.53 | +48.5% | $1.80B | 5 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 62.0% | ±14.0% |
| 2026-12-18 | 56 | 62.7% | ±19.6% |
| 2027-01-15 | 84 | 56.3% | ±21.2% |
| 2027-02-19 | 119 | 52.8% | ±23.5% |
| 2027-03-19 | 147 | 63.1% | ±31.8% |
| 2027-04-16 | 175 | 60.7% | ±32.8% |
| 2027-05-21 | 210 | 59.0% | ±34.4% |
| 2027-07-16 | 266 | 59.0% | ±38.5% |