Frontline Price Target Lifted to $42 After Q4 EPS Beat and Strong Tanker Earnings
Evercore ISI raised its price target on Frontline to $42 after Q4 2025 adjusted EPS of $1.03 beat estimates with VLCC earnings of $74,200, Suezmax at $53,800, LR2/Aframax at $33,500. The company upped its Q1 2026 EPS forecast to $1.53 and declared a $1.03 quarterly dividend, eighth straight payout.
1. Price Target Increase
The company’s price target was raised to $42 from $31 following its robust fourth-quarter 2025 results.
2. Fourth-Quarter Performance
Adjusted EPS for Q4 2025 reached $1.03, topping estimates by $0.01, while time charter equivalent earnings averaged $74,200 per day for VLCCs, $53,800 for Suezmax tankers and $33,500 for LR2/Aframax tankers.
3. Q1 2026 Forecast and Dividend
Frontline increased its Q1 2026 EPS forecast to $1.53 from $1.14 and announced a $1.03 quarterly dividend, marking the eighth consecutive payout.