Were Analysts Bearish Frontline Ltd. (NYSE:FRO) This Week?

January 14, 2018 - By Kurt Siggers

 Were Analysts Bearish Frontline Ltd. (NYSE:FRO) This Week?

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Among 8 analysts covering Frontline Ltd. (NYSE:FRO), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Frontline Ltd. had 12 analyst reports since November 25, 2015 according to SRatingsIntel. DNB Markets upgraded Frontline Ltd. (NYSE:FRO) on Wednesday, January 13 to “Buy” rating. The rating was upgraded by Clarkson Capital to “Buy” on Tuesday, February 16. Seaport Global upgraded Frontline Ltd. (NYSE:FRO) on Wednesday, May 31 to “Buy” rating. The company was upgraded on Thursday, January 14 by Nordea. On Tuesday, February 9 the stock rating was upgraded by Clarkson Capital to “Buy”. The stock of Frontline Ltd. (NYSE:FRO) has “Neutral” rating given on Wednesday, May 4 by Seaport Global. The firm has “Underperform” rating given on Friday, July 21 by Evercore. On Thursday, December 17 the stock rating was initiated by Seaport Global Securities with “Buy”. The stock of Frontline Ltd. (NYSE:FRO) has “Buy” rating given on Thursday, January 4 by Seaport Global. The stock has “Neutral” rating by Credit Suisse on Wednesday, November 25. Below is a list of Frontline Ltd. (NYSE:FRO) latest ratings and price target changes.

04/01/2018 Broker: Seaport Global Rating: Buy New Target: $7.0 Maintain
21/07/2017 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade

The stock increased 3.27% or $0.16 during the last trading session, reaching $5.06. About 800,007 shares traded or 31.44% up from the average. Frontline Ltd. (NYSE:FRO) has declined 16.06% since January 14, 2017 and is downtrending. It has underperformed by 32.76% the S&P500.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The company has market cap of $859.23 million. As of December 31, 2016, the firm operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It has a 460 P/E ratio. It is also involved in the charter, purchase, and sale of vessels.

Another recent and important Frontline Ltd. (NYSE:FRO) news was published by Fool.com which published an article titled: “Here’s Why Frontline Ltd.’s Stock Plunged 35% in 2017” on January 08, 2018.

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