Today’s Stock Alert: What’s Propelling Frontline Ltd. to Decline So Much?

Today's Stock Alert: What's Propelling Frontline Ltd. to Decline So Much?

The stock of Frontline Ltd. (NYSE:FRO) is a huge mover today! About 444,802 shares traded hands. Frontline Ltd. (NYSE:FRO) has declined 8.47% since March 9, 2016 and is downtrending. It has underperformed by 15.88% the S&P500.
The move comes after 5 months negative chart setup for the $9.86B company. It was reported on Oct, 12 by Barchart.com. We have $7.25 PT which if reached, will make NYSE:FRO worth $493.00 million less.

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Out of 7 analysts covering Frontline Ltd. (NYSE:FRO), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Frontline Ltd. has been the topic of 8 analyst reports since November 25, 2015 according to StockzIntelligence Inc. As per Wednesday, November 25, the company rating was upgraded by Credit Suisse. Clarkson Capital upgraded Frontline Ltd. (NYSE:FRO) on Tuesday, February 16 to “Buy” rating. Nordea upgraded the shares of FRO in a report on Thursday, January 14 to “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, January 4 report. Seaport Global Securities initiated Frontline Ltd. (NYSE:FRO) rating on Thursday, December 17. Seaport Global Securities has “Buy” rating and $5 price target. The stock of Frontline Ltd. (NYSE:FRO) earned “Buy” rating by Clarkson Capital on Tuesday, February 9. The firm has “Buy” rating by DNB Markets given on Wednesday, January 13. The rating was reinitiated by Seaport Global with “Neutral” on Wednesday, May 4.

According to Zacks Investment Research, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers.”

More important recent Frontline Ltd. (NYSE:FRO) news were published by: Prnewswire.com which released: “Frontline Ltd. Maritime Investor Conference Presentation Now Available for On …” on October 12, 2016, also Prnewswire.com published article titled: “Frontline Ltd. to Webcast Live at Maritime Investor Conference on October 11, 2016”, Fool.com published: “Better Buy: Textainer Group Holdings Limited vs. Frontline Ltd.” on July 22, 2016. More interesting news about Frontline Ltd. (NYSE:FRO) was released by: Fool.com and their article: “Why Frontline Ltd.’s Shares Popped 10% Today” with publication date: May 31, 2016.

FRO Company Profile

Frontline Ltd., incorporated on June 12, 1992, is a shipping company. The Firm is engaged in the seaborne transportation of crude oil and oil products. The Firm operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. The Firm operates through subsidiaries and partnerships located in Bermuda, India, the Philippines, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels.

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