Frontline Ltd. (FRO) : The consensus on Frontline Ltd. (FRO) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Frontline Ltd. (FRO) : 4 investment research analysts covering Frontline Ltd. (FRO) have an average price target of $11.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.65 of the average price.
Frontline Ltd. (NYSE:FRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.42 and $7.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.57, notching a gain of 0.40% for the day. The total traded volume was 1,082,042 . The stock had closed at $7.54 on the previous day.
Also, Seaport Global assumes its view on Frontline Ltd. (NYSE:FRO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Seaport Global announces the current price target of $9 per share on Frontline Ltd.. The rating by the firm was issued on May 4, 2016. The company shares have dropped -32.68% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $17.05 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $8.35 and the 200 Day Moving Average price is recorded at $9.24.
Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Companys tanker fleet consisted of 22 vessels and consists of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.