Frontline Ltd. (NYSE:FRO) gapped up before the market opened on Tuesday . The stock had previously closed at $4.82, but opened at $5.00. Frontline shares last traded at $5.10, with a volume of 2,135,691 shares traded.

Several research firms have issued reports on FRO. BidaskClub cut Frontline from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. ValuEngine lowered Frontline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Credit Suisse Group restated a “neutral” rating on shares of Frontline in a research report on Tuesday. Zacks Investment Research lowered Frontline from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Finally, Evercore ISI lowered Frontline from an “in-line” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $4.00 in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Frontline has an average rating of “Hold” and an average price target of $6.00.

The stock’s 50-day moving average price is $5.50 and its 200-day moving average price is $6.12. The company has a market capitalization of $925.46 million, a PE ratio of 14.23 and a beta of 2.04.

Frontline (NYSE:FRO) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $89.99 million during the quarter, compared to analysts’ expectations of $86.55 million. Frontline had a net margin of 4.74% and a return on equity of 4.41%.

Large investors have recently bought and sold shares of the business. American International Group Inc. boosted its position in Frontline by 7.6% in the 1st quarter. American International Group Inc. now owns 40,205 shares of the shipping company’s stock valued at $271,000 after buying an additional 2,841 shares during the last quarter. Wells Fargo & Company MN boosted its position in Frontline by 24.3% in the 1st quarter. Wells Fargo & Company MN now owns 65,824 shares of the shipping company’s stock valued at $444,000 after buying an additional 12,850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Frontline by 426.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,564 shares of the shipping company’s stock valued at $112,000 after buying an additional 13,420 shares during the last quarter. Swiss National Bank boosted its position in Frontline by 8.6% in the 1st quarter. Swiss National Bank now owns 126,219 shares of the shipping company’s stock valued at $845,000 after buying an additional 10,000 shares during the last quarter. Finally, Cipher Capital LP boosted its position in Frontline by 5.6% in the 1st quarter. Cipher Capital LP now owns 400,829 shares of the shipping company’s stock valued at $2,702,000 after buying an additional 21,282 shares during the last quarter. 12.35% of the stock is owned by institutional investors.

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About Frontline

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