Frontline Ltd. (NYSE:FRO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 5 Brokerage Firm. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Seaport Global assumes its rating on Frontline Ltd. (NYSE:FRO).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Seaport Global announces the price target of $9 per share. The rating by the firm was issued on May 4, 2016.
Frontline Ltd. (NYSE:FRO): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $12.5 in Frontline Ltd. (NYSE:FRO). However, the stock price could fluctuate by $ 3 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $15 price target with the lower price estimate is calculated at $9
Frontline Ltd. (NYSE:FRO) witnessed a decline in the market cap on Tuesday as its shares dropped 2.28% or 0.19 points. After the session commenced at $8.18, the stock reached the higher end at $8.34 while it hit a low of $8.07. With the volume soaring to 1,007,866 shares, the last trade was called at $8.15. The company has a 52-week high of $17.05. The company has a market cap of $1,275 million and there are 156,386,510 shares in outstanding. The 52-week low of the share price is $7.4.
Frontline Ltd. has dropped 3.32% in the last five trading days, however, the shares have posted positive gains of 12.62% in the last 4 weeks. Frontline Ltd. is up 2.55% in the last 3-month period. Year-to-Date the stock performance stands at -40.93%.
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.