5 Most Profitable Energy Stocks to Buy Now

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1. Frontline plc (NYSE:FRO)

Net Profit Margin: 40.19% 

Frontline plc (NYSE:FRO) is a world leader in international seaborne transportation of crude oil. The company has one of the world’s largest fleets of VLCC and Suezmax tankers, and LR2/Aframax tankers.

On May 26, Danske Bank downgraded Frontline plc (NYSE:FRO) from ‘Buy’ to ‘Hold’ and assigned the stock a price target of $39.46, indicating an upside of almost 9% from the current levels.

Similarly, on the same day, Frontline plc (NYSE:FRO) was also downgraded at Pareto from ‘Buy’ to ‘Hold’, with a price target of $40.

The downgrades come after Frontline plc (NYSE:FRO) reported mixed results for its Q1 2026 on May 22, with its adjusted profit of $1.55 falling behind estimates by $0.03. However, its revenue grew by 67% YoY to over $714 million and exceeded Wall Street expectations. Moreover, the company’s net income of $559 million was up significantly from the $33 million it delivered in the same period last year, primarily due to its time charter earnings rising to $536.5 million.

While we acknowledge the potential of FRO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FRO and that has 100x upside potential, check out our report about the cheapest AI stock.

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