Frontline (NYSE:FRO) Stock, Quote.Headers.trade-ideas

Frontline

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.

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Frontline PLC

JFrog Ltd

Frontier

FRONTIER DIGITAL VENTURES by Frontier Digital Ventures Ltd

FRONTIER NATL CORP by Frontier National Corp.

FRONTLINE GOLD CORP by Frontline Gold Corp.

FrontView REIT Inc

FRONTAGE HLDGS CORP by Frontage Hldgs Corp.

Frontage Holdings Corp

FRONTAGE HLDG CP UNSP/ADR by Frontage Hldgs Corp.

Frontdoor Inc

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FRONTERA ENERGY CORP ORD by Frontera Energy Corp

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FRONTERA GROUP INC by Frontera Group Inc.

Frontera Group Inc

FRONTERA INVESTMENT INC by Frontera Investment, Inc.

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Frontier Communications Parent, Inc. - Common Stock

Frontier Communications Parent Inc

FRONTIER DEVS PLC ORD by Frontier Devs PLC

Frontier Developments PLC

FRONTIER ENERGY CORP by Frontier Energy Corp.

Frontier Energy Corp

FRONTIER ENERGY LIMITED by Frontier Energy Limited

Frontier Energy Ltd

Frontier Group Holdings, Inc. - Common Stock

Frontier Group Holdings Inc

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FRONTIER RE INVST by Frontier Real Estate Invest,

Frontier Real Estate Investment Corp

FRONTIER SERVICES GRP LTD by Frontier Services Group Ltd

Frontier Services Group Ltd

HOSKEN PASSENGER LOGISTIC by HOSKEN PASSENGER LOGISTICS & RAIL LTD.

Frontier Transport Holdings Ltd

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">DHT Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>)</h3>
<ul>
<li>On Nov. 12, DHT Holdings reported quarterly earnings of 22 cents per share which beat the analyst consensus estimate of 19 cents per share. The company's stock fell around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/DHT">52-week low of $9.28</a>.</li>
<li>RSI Value: 28.36&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DHT Price Action: Shares of DHT fell 2.2% to close at $9.42 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest DHT news. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="908" height="823" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02065901/image-3.png" alt="" class="wp-image-672170" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02065901/image-3.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02065901/image-3-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02065901/image-3-768x696.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></figure>
<h3 class="wp-block-heading">Frontline Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>)</h3>
<ul>
<li>On Nov. 27, Frontline posted mixed third-quarter results. Revenue rose 29.9% year-over-year to $490.4 million, surpassing the $361.42 million consensus. "The third quarter of 2024 performed in line with seasonal expectations, as oil demand slowed over the summer months and domestic demand by oil exporting countries in the Middle East increased. We continue to sail in a troubled geopolitical landscape and with lower year-on-year demand in Asia, and especially China, the tanker markets have yet to experience the seasonal upswing into winter. The increase in sanctioned oil trade and movement of illicit barrels have negatively impacted our trade environment," commented Lars H. Barstad, Chief Executive Officer of Frontline Management AS. The company's stock fell around 16% over the past five days and <a href="https://www.benzinga.com/quote/FRO">has a 52-week low</a> of $16.10.</li>
<li>RSI Value: 21.81</li>
<li>FRO Price Action: Shares of Frontline fell 3.6% to close at $16.18 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in FRO stock. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="920" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070044/image-4.png" alt="" class="wp-image-672182" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070044/image-4.png 920w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070044/image-4-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070044/image-4-768x707.png 768w" sizes="(max-width: 920px) 100vw, 920px" /></figure>
Okeanis Eco Tankers Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECO#NYSE">ECO</a>)
<ul>
<li>On Nov. 8, Okeanis Eco Tankers reported quarterly earnings of 45 cents per share which beat the analyst consensus estimate of 9 cents per share. The company's stock fell around 13% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ECO">ow of $20.95.</a></li>
<li>RSI Value: 27.27</li>
<li>ECO Price Action: Shares of Okeanis Eco Tankers gained 0.5% to close at $22.18 on Friday.</li>
<li>Benzinga Pro&#8217;s news feature alerted to latest ECO news. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="955" height="772" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070319/image-5.png" alt="" class="wp-image-672185" style="width:591px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070319/image-5.png 955w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070319/image-5-300x243.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02070319/image-5-768x621.png 768w" sizes="(max-width: 955px) 100vw, 955px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42255663/top-3-defensive-stocks-youll-regret-missing-in-november">Top 3 Defensive Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>

U.S. stock futures advanced on Friday after a day&#8217;s break for Thanksgiving as investors look to end November on a high note. The dollar slipped below the 106 mark in the hope of more measured tariffs.
U.S. markets will close at 1 p.m. ET on Friday during the truncated week.
Futures for the three major U.S. indices gained, while the two-year and 10-year treasury yields eased on Friday. The expectations of a further 25 basis point rate cut in December rose to 66%, according to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME Group&#8217;s FedWatch tool</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.37%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.27%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.32%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.81%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.31% to $600.69 and the Invesco QQQ Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) rose 0.44% to $507.50, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro data</a>.
Cues From The Last Session
The S&amp;P 500 index fell 22.89 points or 0.38% to end at 5,998.74. The Dow Jones Industrial Average lost 138.25 points or 0.31% to close at 44,722.06 and the Nasdaq Composite Index dropped 115.10 points or 0.60% to 19,060.48. The 10-year Treasury note yield dropped six basis points to 4.24%, a one-month low close
On the economic front, the U.S. core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in line with market estimates. U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.
Pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.60%</td>
<td>19,060.48</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.38%</td>
<td>5,998.74</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.31%</td>
<td>44,722.06 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.08%</td>
<td>2,426.19</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Markets have been under pressure only <a href="https://www.benzinga.com/24/11/42239447/markets-flopped-in-december-only-once-in-95-years-but-a-bearish-crossover-flagging-market-fall-is-on-the-cards-heres-what-analysts-say">once in December over the last 95 years</a>, according to the data highlighted by Ryan Detrick, chief market strategist at Carson Group.
Detrick highlighted data from 1928 to 2023 to show that while September has been the worst month for equities 13 times during this period, December was the worst only once in these 95 years. As far as 2024 is concerned, April has been the worst month so far with a 4% drop.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Something to be thankful for? December has been the worst month of the year for stocks only once going back 95 years (2018 and the Fed policy mistake). Worst month this year has been the 4% drop in April. <a href="https://t.co/2ThL3DwD7x">pic.twitter.com/2ThL3DwD7x</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1862188406505185730?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also read: <a href="https://www.benzinga.com/24/11/42239447/markets-flopped-in-december-only-once-in-95-years-but-a-bearish-crossover-flagging-market-fall-is-on-the-cards-heres-what-analysts-say">Wall Street&#8217;s December Surprise: What Investors Need to Know Now</a>
On the other hand, David Cox, CMT, CFA, portfolio manager at Raymond James, in an X Post highlighted the likelihood of an upcoming to the investors, saying "If you want to sidestep a decline, watch the trend…"
The 13/34-week Exponential Moving Average signals a bullish market trend when the 13-week EMA line is above the 34-week EMA line and a bullish crossover results in a market correction. Predicting an upcoming crossover through his chart Cox said that "there will be another red circle some day." The red circle in his chart represents a bullish crossover.
According to a note by CMGWealth, the 13/34-week EMA analysis is a "simple, tactical trend indicator that has historically captured the cyclical bull and bear market trends."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">again, look at how much easier we can make it on ourselves&#8230; time frame matters, if you want to sidestep a decline, watch the trend&#8230; look at these 13/34-week EMA <a href="https://twitter.com/hashtag/bearish?src=hash&amp;ref_src=twsrc%5Etfw">#bearish</a> crossovers&#8230; they help you remove emotion, and stay focused&#8230; there will be another red circle some day <a href="https://t.co/kpAXx8F5jX">pic.twitter.com/kpAXx8F5jX</a>
&mdash; David Cox, CMT, CFA (@DavidCoxRJ) <a href="https://twitter.com/DavidCoxRJ/status/1861758050215891069?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
There are no scheduled economic events or data scheduled to be released today.
Stocks To Watch:
<ul>
<li>Cabaletta Bio Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) <a href="https://www.benzinga.com/markets/equities/24/11/42229129/caballeta-bio-shares-surge-the-most-in-23-months-in-a-single-day-as-it-unveils-plan-to-meet-fda-by-2025-for-systemic-sclerosis-drug-trial">shares rose</a> by 11.63% to $3.36 per share in premarket following an update on their Systemic Sclerosis drug trial. The company anticipates meeting the U.S. Food and Drug Administration in 2025 to discuss potential registrational trial designs, as per a notice by DelveInsight Business Research.</li>
<li>Frontline Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares were down 2.38% to $16.78 per share following mixed third-quarter results. Revenue rose 29.9% year-over-year to $490.4 million, surpassing the $361.42 million consensus.</li>
<li>Rigetti Computing, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) jumped 8.33% to $2.60 apiece in pre-market trading after rising by 9% on Tuesday. Shares continued an up move as the company announced a registered direct offering of 50 million shares at $2 per unit aiming to raise $100 million in gross proceeds.</li>
<li>ZenaTech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) fell by 6.89% to $7.30 apiece. The stock was pulling back after surging on Tuesday. Last Thursday its subsidiary, ZenaDrone, signed agreements ensuring compliance with Blue Unmanned Aerial Systems (UAS) and the U.S. National Defense Authorization Act (NDAA.)</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares were up 7.52% to $13.15 per share after it announced a private placement of $360 million in Convertible Senior Notes, aiming to finance data center expansion and the development of crypto mining rigs.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures fell in the early New York session, declining 0.60% to hover around $68.30.
The Gold spot rose 0.94% to 2,662.10 per ounce.
Asian markets were mixed as major indices in Japan, Australia, and South Korea fell, whereas Hong Kong, China, and Indian markets closed higher. European markets were also mixed in early trading.
Read Next:
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<li><a href="http://gop%20megadonor%20ken%20griffin%20slashes%20citadel's%20palantir%20stake%20by%2091%25,%20bets%20big%20on%20nvidia%20as%20jensen%20huang-led%20company%20rises%20over%20180%25%20in%202024/" target="_blank" rel="noreferrer noopener">GOP Megadonor Ken Griffin Slashes Citadel's Palantir Stake By 91%, Bets Big On Nvidia As Jensen Huang-Led Company Rises Over 180% In 2024</a></li>
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Photo courtesy: Wikimedia

During the last three months, 4 analysts shared their evaluations of Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $28.0, along with a high estimate of $30.00 and a low estimate of $26.00. A decline of 2.34% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1732734149_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Frontline by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$26.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Gregory Lewis</td>
<td>BTIG</td>
<td>Announces</td>
<td>Buy</td>
<td>$30.00</td>
<td>-</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$30.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Frontline. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Frontline compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Frontline's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Frontline's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FRO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Frontline analyst ratings.</a>
<h2>About Frontline</h2>
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.
<h3>Key Indicators: Frontline's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Frontline's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 8.44%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 33.73%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Frontline's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.87%, the company showcases effective utilization of assets.
Debt Management: Frontline's debt-to-equity ratio is below the industry average. With a ratio of 1.59, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Expectations For Frontline's Future

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
Shares of Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details">third-quarter results</a>.
Dell Technologies reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.
Dell reported better-than-expected earnings for its third quarter, while sales missed estimates.
Dell shares tumbled 13.1% to $123.24 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Primega Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares tumbled 89.2% to $11.65 in pre-market trading after surging 919% on Tuesday.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares fell 17.7% to $7.18 in pre-market trading.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) fell 15% to $2.90 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates</li>
<li>Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) fell 12.7% to $15.13 in pre-market trading after the company reported a year-over-year decrease in third-quarter adjusted EPS results.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares dipped 10.1% to $242.95 in pre-market trading after the company revised its FY25 subscription revenue guidance.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares declined 9.2% to $16.40 in pre-market trading following third-quarter earnings.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) dipped 8.7% to $35.69 in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate.</li>
<li>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) shares declined 8.2% to $292.06 in pre-market trading following third-quarter earnings.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) shares declined 7.7% to $4.67 in pre-market trading after announcing a $25 million registered direct offering.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares dipped 5.5% to $344.37 in pre-market trading. CrowdStrike posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share.</li>
<li>TriMas Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRS#NYSE">TRS</a>) declined 4.2% to $25.31 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

Dell, HP, CrowdStrike, 3D Systems And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WIIM

Frontline shares are trading lower after the company reported mixed Q3 financial results.

Jefferies analyst Omar Nokta maintains Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) with a Buy and maintains $26 price target.

Price Target

Jefferies Maintains Buy on Frontline, Maintains $26 Price Target

Frontline Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares are down following mixed third-quarter results. Revenue rose 29.9% year-over-year to $490.4 million, <a target="_blank" href="https://www.benzinga.com//node/42207256" rel="noreferrer noopener">surpassing the $361.42 million consensus.</a>
Reported spot TCEs for VLCCs, Suezmax tankers, and LR2/Aframax tankers were $39,600 (vs. $42,500 last year), $39,900 (vs. $37,600 last year) and $36,000 (vs. $33,900 prior year) per day.
In the quarter, ballast days totaled 947 days for VLCCs, 331 days for Suezmax tankers, and 255 days for LR2/Aframax tankers.
Net operating income for the quarter improved to $144.81 million from $114.752 million a year ago. Adjusted EPS was $0.34 versus $0.36 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of $0.45.</a>
Operating cash flow was $164.553 million in the third quarter, compared to $202.532 million in the same quarter a year ago. Frontline held cash and cash equivalents of $320.885 million as of the quarter end.
As of September 30, 2024, the company&#8217;s 82-vessel fleet (17.9M DWT) averages 6.4 years, with 46 scrubber-fitted Eco vessels. Six vessels (1 VLCC, 1 Suezmax, 4 LR2/Aframax) were on long-term charters over 12 months.
In October 2024, the company secured a $512.1 million sale-and-leaseback deal with CMB Financial for 10 Suezmax tankers.
Dividend: The company declared a dividend of $0.34 per share for the&nbsp;third quarter&nbsp;of 2024, payable on December 31, with a record date of December 11.
&#8220;The third quarter of 2024 performed in line with seasonal expectations, as oil demand slowed over the summer months and domestic demand by oil exporting countries in the Middle East increased. We continue to sail in a troubled geopolitical landscape and with lower year-on-year demand in Asia, and especially China, the tanker markets have yet to experience the seasonal upswing into winter. The increase in sanctioned oil trade and movement of illicit barrels have negatively impacted our trade environment,&#8221; commented Lars H. Barstad, Chief Executive Officer of Frontline Management AS.
Inger M. Klemp, Chief Financial Officer of Frontline Management AS, added, &#8220;In 2024 we have optimized the capital structure of the Company by refinancing debt of 36 vessels, which has extended maturities and improved margins, divesting eight older vessels and the subsequent repayment of the Hemen shareholder loan and the $275.0 million senior unsecured revolving credit facility with an affiliate of Hemen in an aggregate amount of $470.0 million.&#8221;
Outlook: Frontline expects the spot TCEs for the fourth quarter&nbsp;to be lower than the spot TCEs currently contracted due to the impact of ballast days during the quarter.
Price Action: FRO shares are trading lower by 7.03% at $16.81 premarket at the last check Wednesday.

Guidance

Frontline Posts Mixed Q3 Amid Seasonal Tanker Headwinds And Geopolitical Challenges: Details

<h3>Companies Reporting Before The Bell</h3>
• Codere Online Luxembourg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $49.81 million. 
• CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is likely to report quarterly loss at $0.37 per share on revenue of $730 thousand. 
• QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $134.60 million. 
• Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $361.42 million. 
• Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $196.25 million. 
• 111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) is expected to report earnings for its third quarter. 
• Arbe Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) is likely to report quarterly loss at $0.11 per share on revenue of $450 thousand. 
• X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) is likely to report earnings for its third quarter. 
• BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is expected to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBE

BOSC

CDRO

CLGN

GOGL

Earnings Scheduled For November 27, 2024

Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.45 by 24.44 percent. This is a 5.56 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $490.36 million which beat the analyst consensus estimate of $361.42 million by 35.68 percent. This is a 30.04 percent increase over sales of $377.08 million the same period last year.

Frontline Q3 Adj. EPS $0.34 Misses $0.45 Estimate, Sales $490.36M Beat $361.42M Estimate

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index and S&amp;P 500 surging to fresh record levels during the session.
Dick&#8217;s Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) reported upbeat earnings for its third quarter. Kohl's Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) reported worse-than-expected third-quarter results, cut its FY24 EPS guidance, and projected a net sales decrease of 7%-8%. Best Buy Co., Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) reported weaker-than-expected earnings for its fiscal 2025 third quarter.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index rose 4.6% year-over-year in September versus a 5.2% increase in August. Sales of new single-family homes in the U.S. dipped by 17.3% to an annualized rate of 610,000 in October.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and consumer discretionary stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 124 points to 44,860.31 on Tuesday. The S&amp;P 500 rose 0.57% to 6,021.63, while the Nasdaq Composite rose 0.63% to close at 19,175.58 during Tuesday's session.
Investors are awaiting earnings results from Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) and Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 64.4, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 64.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>
Photo courtesy: Shutterstock

Dow, S&P 500 Settle At Record Highs, Best Buy Reports Weaker Than Expected Earnings: Fear Index Remains In 'Greed' Zone

Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/FRO/earnings">opening bell on Wednesday, Nov. 27</a>.
Analysts expect Frontline to report quarterly earnings at 38 cents per share. That's up from 36 cents per share a year ago. The Limassol, Cyprus-based company projects to report quarterly revenue of $317.59 million, compared to $232.03 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 30, Frontline reported better-than-expected second-quarter sales results.
Frontline shares fell 5% to close at $18.07 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and cut the price target from $30 to $26 on Nov. 14. This analyst has an accuracy rate of 70%.</li>
<li>BTIG analyst Gregory Lewis upgraded the stock from Neutral to Buy with a price target of $30 on Oct. 7. This analyst has an accuracy rate of 76%.</li>
<li>Evercore ISI Group analyst Jonathan Chappell maintained an Outperform rating and cut the price target from $33 to $32 on July 23. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Samuel Bland maintained a Neutral rating and cut the price target from $23 to $22.3 on March 1. This analyst has an accuracy rate of 72%.</li>
<li>Deutsche Bank analyst Amit Mehrotra upgraded the stock from Hold to Buy with a price target of $26 on Jan. 9. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying FRO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="583" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-1024x583.png" alt="" class="wp-image-666749" style="width:667px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-1024x583.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-768x437.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284.png 1073w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Frontline Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Frontline Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) to report quarterly earnings at 45 cents per share on revenue of $361.42 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Frontline shares rose 1.1% to $18.26 in after-hours trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate. HP shares fell 7.4% to $36.19 in the after-hours trading session.</li>
<li>Analysts are expecting Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) to post quarterly earnings at 32 cents per share on revenue of $195.75 million. The company will release earnings before the markets open. Golden Ocean shares gained 0.4% to $10.90 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported better-than-expected earnings for its third quarter, while sales missed estimates. The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year. Dell shares tumbled 11.3% to $125.75 in the after-hours trading session.</li>
<li>CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share. CrowdStrike shares fell 5.7% to $343.38 in the after-hours trading session.</li>
</ul>
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</ul>
Photo courtesy: Shutterstock

HP, CrowdStrike And 3 Stocks To Watch Heading Into Wednesday

Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-27. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Frontline will report an earnings per share (EPS) of $0.45.
Frontline bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.05, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Frontline's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.67</td>
<td>0.76</td>
<td>0.46</td>
<td>0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.62</td>
<td>0.62</td>
<td>0.46</td>
<td>0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>1.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732629626_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Frontline were trading at $19.03 as of November 25. Over the last 52-week period, shares are down 10.15%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Insights Shared by Analysts on Frontline</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Frontline.
Analysts have provided Frontline with 3 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $28.67, suggesting a potential 50.66% upside.
<h3>Comparing Ratings with Competitors</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Plains GP Holdings, Scorpio Tankers and New Fortress Energy, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Plains GP Holdings received a Neutral consensus from analysts, with an average 1-year price target of $19.0, implying a potential 0.16% downside.</li>
<li>As per analysts' assessments, Scorpio Tankers is favoring an Buy trajectory, with an average 1-year price target of $77.2, suggesting a potential 305.68% upside.</li>
<li>For New Fortress Energy, analysts project an Buy trajectory, with an average 1-year price target of $15.0, indicating a potential 21.18% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary offers a detailed examination of key metrics for Plains GP Holdings, Scorpio Tankers and New Fortress Energy, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Frontline</td>
<td>Buy</td>
<td>8.44%</td>
<td>$217.00M</td>
<td>7.81%</td>
</tr>
<tr>
<td>Plains GP Holdings</td>
<td>Neutral</td>
<td>5.57%</td>
<td>$929M</td>
<td>2.24%</td>
</tr>
<tr>
<td>Scorpio Tankers</td>
<td>Buy</td>
<td>-7.97%</td>
<td>$131.75M</td>
<td>5.50%</td>
</tr>
<tr>
<td>New Fortress Energy</td>
<td>Buy</td>
<td>10.32%</td>
<td>$201.93M</td>
<td>0.52%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Frontline ranks at the top for Revenue Growth and Gross Profit among its peers. It is in the middle for Consensus rating and Return on Equity.
<h3>All You Need to Know About Frontline</h3>
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.
<h3>Key Indicators: Frontline's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Frontline's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 8.44%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Frontline's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 33.73% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.81%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Frontline's ROA excels beyond industry benchmarks, reaching 2.87%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.59.
<a href="https://www.benzinga.com/quote/FRO/earnings">To track all earnings releases for Frontline visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Frontline's Earnings Preview

Jefferies analyst Omar Nokta maintains Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) with a Buy and lowers the price target from $30 to $26.

Jefferies Maintains Buy on Frontline, Lowers Price Target to $26

TRMD

Shares of oil and gas companies are trading lower following a build in US crude inventories.

Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capital appreciation. These three stocks have provided significant income to shareholders and are expected to keep doing so. Additionally, they show avenues for solid growth.
<h2>Frontline: Income the Size of an Oil Tanker</h2>
First up is Frontline PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>). Frontline operates a fleet of oil tankers. As of Jun. 30, 2024, the company operated 82 vessels. The company operates these ships using various ownership structures. These include outright ownership, leasing, and charter agreements. Over the past three years, the company&#39;s trailing twelve-month revenues have seen very strong growth. Revenue has achieved a compound annual growth rate of 35% over that period.
This has coincided with the company&#39;s share price rising 175% over the last three years. That big rise in share price has also given shareholders big dividends. Over the past twelve months, the company&#39;s dividend yield is 7.9%. Its dividend yield has fluctuated widely over time from 0% to upwards of 20%. However, over the last 10 years, its average is 7.2%.
In addition, analysts see the company maintaining strong revenue and earnings per share growth. Analysts expect those figures to rise at a compound annual rate of 20.8% and 9.7%, respectively. Furthermore, Wall Street analysts see solid upside in the stock despite its strong rise in recent years. The average price target for the company implies a 16% upside from its current level. A recent upgrade by BTIG Research supports this potential upside. The firm moved its rating from Neutral to Buy, placing a $30 target on Frontline.
It is important to note that many of Frontline&#39;s vessels, particularly its largest ones, transport oil from the Middle East to other regions. This adds geopolitical risk to the firm.
<h2>Blackstone: 3% Dividend Yield Combined with A Bottoming Market?</h2>
Next up is Blackstone (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). The financial services company is the largest alternative asset manager in the world. The company manages various, mostly private, investment funds. They focus on real estate, private equity, infrastructure, and hedge fund strategies. It generates revenue from fees that it charges for managing these funds, as well as from incentive fees generated when the funds perform well. Over the past year, the company has achieved strong share price returns and provided a notable amount of dividend income.
Shares are up 42%, and the company&#39;s trailing twelve-month dividend yield is 2.3%. Analysts project that figure will rise by 3% in the next twelve-month period. On average, analysts expect the company&#39;s revenue and earnings per share to continue growing strongly over the next two years. The expected compound annual growth rates for these metrics are 24% and 22%, respectively.
Some evidence shows that the private investment fund industry may be nearing a bottom. If current trends continue, the amount of capital raised for private equity and venture capital funds in 2024 will be the lowest since 2016. The number of these funds launched in the first half of 2024 is down 47% compared to the first half of 2023. Additionally, falling interest rates have historically led to more deals in this industry. Continued falls in interest rates would increase demand for new Blackstone funds, all else being equal. Additionally, the fact that the industry may be at a fundraising bottom could provide a strong tailwind going forward.
<h2>Seagate: More Data Means More Storage</h2>
Last up is Seagate Technology (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>). Seagate makes hardware that stores data on computers. This includes things like hard drives and solid-state drives (SSDs). These devices are where files, videos, and various other types of information are stored on a computer.
Seagate mainly sells its storage solutions to large customers, like data centers. &quot;Mass capacity&quot; customers that require large-scale solutions make up over 90% of the storage Seagate sells. One might consider the company semiconductor-adjacent. Its products rely on semiconductors made by companies like Samsung.
As the world becomes more digitized, there must be more hardware to store digital information. The company cites an International Data Corporation report stating that increased digitization and increased information created by AI will drive demand for data storage. The report expects storage needs to rise by 24% annually through 2028. Analysts are projecting the company&#39;s revenue to rise by 26% annually over the next two years. Additionally, Seagate is expected to provide a respectable dividend yield of 2.6% over the next twelve months.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/top-income-stocks-offering-big-dividend-yields-and-future-growth/">Top Income Stocks Offering Big Dividend Yields and Future Growth</a>&quot; first appeared on MarketBeat.

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BTIG analyst Gregory Lewis upgrades Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) from Neutral to Buy and announces $30 price target.

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Frontline plc (FRO) Q3 2024 Earnings Call Transcript

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REMINDER - Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link's 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

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