Zacks Investment Research lowered shares of Frontline Ltd. (NYSE:FRO) from a buy rating to a hold rating in a report published on Tuesday, Market Beat Ratings reports.

According to Zacks, “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. “

FRO has been the topic of a number of other reports. Nordea Equity Research upgraded shares of Frontline from a hold rating to a buy rating in a research report on Thursday, January 14th. Seaport Global Securities started coverage on shares of Frontline in a research report on Thursday, December 17th. They set a buy rating and a $5.00 price target on the stock. DNB Markets upgraded shares of Frontline from a hold rating to a buy rating in a research report on Wednesday, January 13th. TheStreet upgraded shares of Frontline from a sell rating to a hold rating in a research report on Tuesday, November 24th. Finally, Deutsche Bank restated a hold rating and set a $3.00 price target (up from $2.00) on shares of Frontline in a research report on Monday, January 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $3.42.

Frontline (NYSE:FRO) opened at 2.06 on Tuesday. The firm has a 50 day moving average of $2.65 and a 200-day moving average of $2.82. The firm has a market cap of $499.15 million and a price-to-earnings ratio of 14.11. Frontline has a one year low of $1.87 and a one year high of $3.41.

Frontline (NYSE:FRO) last released its quarterly earnings results on Tuesday, November 24th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. During the same quarter in the prior year, the company earned ($0.15) EPS. Equities research analysts forecast that Frontline will post $0.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.71%.

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 (NYSE:FRO), 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 Company’s 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.

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