Could Frontline Ltd. (FRO) Lose Strenght? The Stock Increases A Lot Today

April 11, 2018 - By Darrin Black

Frontline Ltd. (NYSE:FRO) Logo

The stock of Frontline Ltd. (NYSE:FRO) is a huge mover today! The stock increased 3.33% or $0.15 during the last trading session, reaching $4.65. About 323,945 shares traded. Frontline Ltd. (NYSE:FRO) has declined 32.40% since April 11, 2017 and is downtrending. It has underperformed by 43.95% the S&P500.
The move comes after 6 months positive chart setup for the $789.61M company. It was reported on Apr, 11 by Barchart.com. We have $4.98 PT which if reached, will make NYSE:FRO worth $55.27M more.

Analysts await Frontline Ltd. (NYSE:FRO) to report earnings on May, 29. They expect $-0.14 EPS, down 187.50 % or $0.30 from last year’s $0.16 per share. After $0.03 actual EPS reported by Frontline Ltd. for the previous quarter, Wall Street now forecasts -566.67 % negative EPS growth.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The company has market cap of $789.61 million. As of December 31, 2016, the firm operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It currently has negative earnings. It is also involved in the charter, purchase, and sale of vessels.

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