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.

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