Published On: Tue, Sep 6th, 2016

Frontline Ltd. (FRO) Stock Price Up 5.4%

Frontline Ltd. (NYSE:FRO) shares rose 5.4% during trading on Tuesday . The stock traded as high as $7.65 and last traded at $7.62, with a volume of 816,311 shares changing hands. The stock had previously closed at $7.23.
FRO has been the topic of several research reports. Zacks Investment Research lowered Frontline from a “hold” rating to a “strong sell” rating in a research report on Monday, August 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $7.00 price objective (down from $10.00) on shares of Frontline in a research report on Friday, August 26th. Clarkson Capital reaffirmed a “buy” rating on shares of Frontline in a research report on Friday, June 17th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Frontline in a research report on Tuesday, May 31st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Frontline currently has a consensus rating of “Hold” and a consensus price target of $11.90.
The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of 4.94. The company has a 50-day moving average price of $8.04 and a 200-day moving average price of $8.27.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Frontline (NYSE:FRO) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.18. Analysts anticipate that Frontline Ltd. will post $1.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Monday, September 12th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 10.60%.
Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. The Company operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. The Company operates through subsidiaries and partnerships located in Bermuda, India, the Philippines, Liberia, Norway, the United Kingdom and Singapore.

Receive News & Ratings for Frontline Ltd. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Frontline Ltd. and related companies with’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>