Frontline Ltd. (FRO) has risen sharply, recording gains of 3.9% in the past 4 weeks. However, the stock has corrected -0.96% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.49% and the fifty day Moving Average is 3.01%. Frontline Ltd. is up 7.04% in the last three month period. Year-to-Date the stock performance stands at -40.21%.
Frontline Ltd. (FRO) : Currently there are 4 street experts covering Frontline Ltd. (FRO) stock. The most bullish and bearish price target for the stock is $15 and $7 respectively for the short term. The average price target of all the analysts comes to $10.75. The estimated standard deviation from the target is $3.5.
Frontline Ltd. (NYSE:FRO): stock turned positive on Friday. Though the stock opened at $8.29, the bulls momentum made the stock top out at $8.39 level for the day. The stock recorded a low of $8.13 and closed the trading day at $8.25, in the green by 0.61%. The total traded volume for the day was 1,191,250. The stock had closed at $8.2 in the previous days trading.
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.