Frontline Ltd. (NYSE:FRO) – Equities research analysts at Seaport Global Securities lowered their FY2016 earnings estimates for shares of Frontline in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Fyhr now anticipates that the brokerage will post earnings of $1.04 per share for the year, down from their prior forecast of $1.07. Seaport Global Securities also issued estimates for Frontline’s Q4 2016 earnings at $0.06 EPS, Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at ($0.06) EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.

Frontline (NYSE:FRO) last posted its quarterly earnings results on Tuesday, November 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Frontline had a return on equity of 13.92% and a net margin of 21.54%. TRADEMARK VIOLATION WARNING: “Seaport Global Securities Weighs in on Frontline Ltd.’s FY2016 Earnings (FRO)” was first published by Daily Political and is the propert of of Daily Political. If you are reading this piece on another site, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this piece can be viewed at http://www.dailypolitical.com/2017/01/13/seaport-global-securities-weighs-in-on-frontline-ltd-s-fy2016-earnings-fro.html.

Several other research firms have also recently issued reports on FRO. Zacks Investment Research raised Frontline from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Frontline in a research report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Frontline has an average rating of “Hold” and an average target price of $8.17.

Shares of Frontline (NYSE:FRO) opened at 7.10 on Friday. The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $7.55. The stock has a market capitalization of $1.11 billion, a P/E ratio of 6.77 and a beta of 2.42. Frontline has a 52 week low of $6.80 and a 52 week high of $11.25.

Several hedge funds have recently modified their holdings of the company. Lingohr & Partner Asset Management GmbH bought a new stake in shares of Frontline during the third quarter worth approximately $5,670,000. QVT Financial LP bought a new stake in shares of Frontline during the second quarter worth approximately $3,202,000. Marshall Wace LLP boosted its stake in shares of Frontline by 608.5% in the second quarter. Marshall Wace LLP now owns 395,721 shares of the company’s stock worth $3,114,000 after buying an additional 339,868 shares in the last quarter. Ranger International Management LP bought a new stake in shares of Frontline during the second quarter worth approximately $2,505,000. Finally, BlackRock Fund Advisors raised its position in shares of Frontline by 22.9% in the second quarter. BlackRock Fund Advisors now owns 1,503,810 shares of the company’s stock worth $11,835,000 after buying an additional 280,281 shares during the last quarter. 7.00% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Seaport Global Securities Weighs in on Frontline Ltd.’s FY2016 Earnings (FRO)” was first published by Daily Political and is the propert of of Daily Political. If you are reading this piece on another site, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this piece can be viewed at http://www.dailypolitical.com/2017/01/13/seaport-global-securities-weighs-in-on-frontline-ltd-s-fy2016-earnings-fro.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 15th were given a $0.10 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.63%.

Frontline Company Profile

Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. The Company operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. The Company operates through subsidiaries and partnerships located in Bermuda, India, the Philippines, Liberia, Norway, the United Kingdom and Singapore.

5 Day Chart for NYSE:FRO

Receive News & Ratings for Frontline Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.