Several analysts have recently updated their ratings and price targets for Frontline (NYSE: FRO):

  • 1/23/2016 – Frontline was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. 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. “
  • 1/19/2016 – Frontline was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/14/2016 – Frontline was upgraded by analysts at Nordea Equity Research from a “hold” rating to a “buy” rating.
  • 1/13/2016 – Frontline was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/13/2016 – Frontline was upgraded by analysts at DNB Markets from a “hold” rating to a “buy” rating.
  • 1/12/2016 – Frontline was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. 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. “
  • 1/4/2016 – Frontline had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a $3.00 price target on the stock, up previously from $2.00.
  • 12/17/2015 – Frontline is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $5.00 price target on the stock.
  • 11/30/2015 – Frontline was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “

Frontline Ltd. (NYSE:FRO) opened at 2.06 on Tuesday. The company’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.82. The stock has a market cap of $499.15 million and a price-to-earnings ratio of 14.11. Frontline Ltd. has a 12-month low of $1.87 and a 12-month high of $3.41.

Frontline (NYSE:FRO) last announced its quarterly earnings results on Tuesday, November 24th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. During the same quarter in the previous year, the firm earned ($0.15) EPS. On average, analysts forecast that Frontline Ltd. will post $0.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Friday, December 18th were given 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 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.

12 Month Chart for NYSE:FRO

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