Shares of Frontline Ltd. (NYSE:FRO) reached a new 52-week low on Wednesday . The company traded as low as $7.36 and last traded at $7.58, with a volume of 713,027 shares changing hands. The stock had previously closed at $7.54.

A number of analysts have weighed in on FRO shares. Seaport Global Securities started coverage on Frontline in a report on Wednesday, May 4th. They set a “neutral” rating and a $9.00 price target for the company. Zacks Investment Research downgraded Frontline from a “buy” rating to a “hold” rating in a report on Friday, June 3rd. Clarkson Capital reiterated a “buy” rating on shares of Frontline in a report on Friday, June 17th. Morgan Stanley reiterated a “hold” rating on shares of Frontline in a report on Wednesday, June 1st. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Frontline in a report on Tuesday, May 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Frontline presently has a consensus rating of “Hold” and a consensus target price of $13.13.

The firm’s 50-day moving average is $8.31 and its 200 day moving average is $9.22. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of 4.24.

Frontline (NYSE:FRO) last posted its quarterly earnings results on Tuesday, May 31st. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.19. Equities analysts expect that Frontline Ltd. will post $1.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 13th were paid a $0.40 dividend. This is a boost from Frontline’s previous quarterly dividend of $0.05. This represents a $1.60 annualized dividend and a yield of 22.04%. The ex-dividend date was Thursday, June 9th.

A number of hedge funds have bought and sold shares of the company. California State Teachers Retirement System increased its stake in Frontline by 124.9% in the fourth quarter. California State Teachers Retirement System now owns 442,374 shares of the company’s stock valued at $1,323,000 after buying an additional 245,700 shares in the last quarter. American Century Companies Inc. increased its position in shares of Frontline by 0.7% in the fourth quarter. American Century Companies Inc. now owns 473,130 shares of the company’s stock valued at $1,415,000 after buying an additional 3,247 shares during the period. Swiss National Bank purchased a new position in shares of Frontline during the fourth quarter valued at approximately $1,367,000. Oceanic Investment Management LTD purchased a new position in shares of Frontline during the fourth quarter valued at approximately $12,904,000. Finally, Morgan Stanley increased its position in shares of Frontline by 499.8% in the fourth quarter. Morgan Stanley now owns 471,214 shares of the company’s stock valued at $1,408,000 after buying an additional 392,655 shares during the period.

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 (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons.

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