FRO - Announces Launching of ATM Equity Offering
Frontline Plc Ordinary Shares (FRO)
Last frontline plc ordinary shares earnings: 2/27 01:30 am
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US:NYSE Investor Relations:
frontline.bm/page/7/investor_relations
Company Research
Source: GlobeNewswire
Frontline Ltd. (NYSE: FRO) ("Frontline" or the "Company") today announced the Company entered into an Equity Distribution Agreement dated July 24, 2018, with Morgan Stanley & Co. LLC ("Morgan Stanley") for the offer and sale of up to $100.0 million of common shares of Frontline. In accordance with the terms of the Equity Distribution Agreement, the Company may offer and sell its common shares at any time and from time to time through Morgan Stanley as its sales agent. Sales of the common shares, if any, will be made by means of ordinary brokers' transactions on NYSE or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices. The net proceeds of this offering will be used to opportunistically fund growth opportunities, for certain capital expenditures, including to purchase exhaust gas cleaning systems that reduce sulfur emissions to comply with upcoming implementation of new IMO standards, and for
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FRO
News
- Frontline plc (NYSE: FRO) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $30.00 price target on the stock, up previously from $22.00.MarketBeat
- Frontline plc (NYSE: FRO) had its price target lowered by analysts at JPMorgan Chase & Co. from $23.00 to $22.30. They now have a "neutral" rating on the stock.MarketBeat
- Frontline Ltd. (NYSE:FRO) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Frontline plc (NYSE: FRO) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $22.00 price target on the stock.MarketBeat
- Frontline plc (NYSE: FRO) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.40 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
FRO
Earnings
- 3/1/24 - Miss
FRO
Sec Filings
- 3/1/24 - Form 6-K
- FRO's page on the SEC website