Notable Price Action: Could Frontline Ltd. Change Direction After Today’s Significant Increase?

Notable Price Action: Could Frontline Ltd. Change Direction After Today's Significant Increase?

The stock of Frontline Ltd. (NYSE:FRO) is a huge mover today! About 1.88M shares traded hands or 133.27% up from the average. Frontline Ltd. (NYSE:FRO) has declined 7.57% since April 14, 2016 and is downtrending. It has underperformed by 12.25% the S&P500.
The move comes after 7 months positive chart setup for the $10.20 billion company. It was reported on Nov, 16 by Barchart.com. We have $11.14 PT which if reached, will make NYSE:FRO worth $4.18 billion more.

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. The firm has “Neutral” rating given on Wednesday, May 4 by Seaport Global. The stock has “Buy” rating given by Seaport Global Securities on Thursday, December 17. On Tuesday, February 9 the stock rating was upgraded by Clarkson Capital to “Buy”. The rating was upgraded by DNB Markets on Wednesday, January 13 to “Buy”. The firm has “Buy” rating given on Tuesday, February 16 by Clarkson Capital. Credit Suisse upgraded Frontline Ltd. (NYSE:FRO) on Wednesday, November 25 to “Neutral” rating. As per Monday, January 4, the company rating was maintained by Deutsche Bank. The stock of Frontline Ltd. (NYSE:FRO) has “Buy” rating given on Thursday, January 14 by Nordea.

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. to Webcast Live at Maritime Investor Conference on October 11, 2016” on October 06, 2016, also Fool.com published article titled: “Why Frontline Ltd.’s Shares Popped 10% Today”, 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: Prnewswire.com and their article: “Frontline Ltd. Maritime Investor Conference Presentation Now Available for On …” with publication date: October 12, 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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