Positive Press Coverage Likely to Impact Frontline (FRO) Share Price
News articles about Frontline (NYSE:FRO) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Frontline earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Shares Running on Volume: New Media Investment Group Inc (NEWM) (healthcaremenu.net)
- What Do The Technicals Boil Down To For Genesee & Wyoming Inc (GWR)? (hoyentv.com)
- Needle Action Activity Spotted in Nanjing Sinolife United Co Ltd (lazertecnologia.com)
- Frontline Ltd. breached its 50 day moving average in a Bullish Manner : FRO-US : July 14, 2017 (finance.yahoo.com)
- Nordic American Tankers: 2Q17 Earnings Expected to Fall (finance.yahoo.com)
Frontline (FRO) traded up 3.69% during mid-day trading on Friday, reaching $6.19. The company had a trading volume of 875,408 shares. The stock has a 50 day moving average price of $5.79 and a 200-day moving average price of $6.64. The stock has a market capitalization of $1.05 billion, a P/E ratio of 16.16 and a beta of 1.97. Frontline has a 12-month low of $5.35 and a 12-month high of $8.90.
Frontline (NYSE:FRO) last announced its earnings results on Tuesday, May 30th. The shipping company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $121.94 million for the quarter, compared to analyst estimates of $103.70 million. Frontline had a return on equity of 8.76% and a net margin of 9.25%. Equities analysts anticipate that Frontline will post $0.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Monday, June 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $0.60 dividend on an annualized basis and a yield of 9.69%. Frontline’s dividend payout ratio is currently 150.00%.
Several analysts recently weighed in on FRO shares. ValuEngine raised Frontline from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Seaport Global Securities raised Frontline from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, May 31st. Zacks Investment Research raised Frontline from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Credit Suisse Group reduced their price objective on Frontline from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Frontline has an average rating of “Hold” and an average target price of $7.00.
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Frontline Company Profile
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