Are Analysts Bullish about Frontline Ltd. (NYSE:FRO) after last week?

July 14, 2018 - By Bradley Stiles

Frontline Ltd. (NYSE:FRO) Logo

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Among 2 analysts covering Frontline (NYSE:FRO), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Frontline has $5 highest and $3.5000 lowest target. $4.25’s average target is -19.20% below currents $5.26 stock price. Frontline had 3 analyst reports since June 4, 2018 according to SRatingsIntel. Wells Fargo maintained the stock with “Market Perform” rating in Monday, June 4 report. The rating was upgraded by Wells Fargo to “Outperform” on Monday, June 18. Below is a list of Frontline Ltd. (NYSE:FRO) latest ratings and price target changes.

15/06/2018 Broker: Drewry Financial Rating: Sell New Target: $3.5000
18/06/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Old Target: $5 Upgrade
04/06/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $5.7 New Target: $5 Maintain

The stock decreased 1.68% or $0.09 during the last trading session, reaching $5.26. About 310,289 shares traded. Frontline Ltd. (NYSE:FRO) has declined 20.93% since July 14, 2017 and is downtrending. It has underperformed by 33.50% 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 $893.20 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.

More recent Frontline Ltd. (NYSE:FRO) news were published by: Streetinsider.com which released: “Frontline (FRO) Announces Termination of long term Charter-in Contracts of three VLCCs” on July 13, 2018. Also Globenewswire.com published the news titled: “FRO – Investment in Feen Marine Scrubbers Inc.” on June 28, 2018. Seekingalpha.com‘s news article titled: “Frontline: Should I Buy Or Sell?” with publication date: June 15, 2018 was also an interesting one.

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