Frontline (NYSE: FRO) has recently received a number of price target changes and ratings updates:

  • 6/2/2017 – Frontline was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/31/2017 – Frontline had its price target lowered by analysts at Credit Suisse Group from $8.00 to $6.00. They now have a “neutral” rating on the stock.
  • 5/31/2017 – Frontline was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $8.00 price target on the stock.
  • 5/31/2017 – Frontline was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers. “
  • 5/11/2017 – Frontline was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers. “
  • 5/5/2017 – Frontline was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers. “

Shares of Frontline Ltd. (FRO) opened at 5.46 on Tuesday. The company has a market cap of $927.16 million, a P/E ratio of 14.26 and a beta of 1.91. The firm has a 50-day moving average of $5.99 and a 200 day moving average of $6.73. Frontline Ltd. has a 52 week low of $5.36 and a 52 week high of $8.90.

Frontline (NYSE:FRO) last released its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Frontline had a net margin of 9.25% and a return on equity of 8.76%. The firm had revenue of $121.94 million during the quarter, compared to analyst estimates of $103.70 million. Equities analysts anticipate that Frontline Ltd. will post $0.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Monday, June 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.60 annualized dividend and a yield of 10.99%. Frontline’s payout ratio is 150.00%.

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