Should you consider FRONTLINE PLC (NYSE:FRO) for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FRONTLINE PLC (NYSE:FRO) is suited for growth investing. Investors should of course do their own research, but we spotted FRONTLINE PLC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NYSE:FRO highlighted

• FRONTLINE PLC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 9.0K% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• FRONTLINE PLC has achieved 135.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The EPS of FRONTLINE PLC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• With a solid Return on Equity (ROE) of 28.86%, FRONTLINE PLC exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• FRONTLINE PLC has exhibited strong Relative Strength(RS) in recent periods, with a current 97.7 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. FRONTLINE PLC shows promising potential for continued price momentum.
• FRONTLINE PLC exhibits a favorable Debt-to-Equity ratio at 0.91. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• With 4.77% of the total shares held by institutional investors, FRONTLINE PLC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Technical analysis of NYSE:FRO

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall FRO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRO is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, FRO did better than 97% of all other stocks. We also observe that the gains produced by FRO over the past year are nicely spread over this period.
• FRO is part of the Oil, Gas & Consumable Fuels industry. There are 218 other stocks in this industry. FRO outperforms 97% of them.
• FRO is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
• In the last month FRO has a been trading in the 17.02 - 21.44 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of FRO

Zooming in on the fundamentals.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, FRO scores 6 out of 10 in our fundamental rating. FRO was compared to 218 industry peers in the Oil, Gas & Consumable Fuels industry. FRO has a medium profitability rating, but doesn't score so well on its financial health evaluation. FRO is growing strongly while it is still valued neutral. This is a good combination! Finally FRO also has an excellent dividend rating.

Our latest full fundamental report of FRO contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.