Analysts Turn Bearish on Frontline (FRO) Following Mixed Q1 Report

With a net profit margin of 40.19%, Frontline plc (NYSE:FRO) is included among the 10 Most Profitable Energy Stocks to Buy Now.

Analysts Turn Bearish on Frontline (FRO) Following Mixed Q1 Report

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 risk and potential of FRO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FRO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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