Frontline Ltd. (NYSE:FRO) shares were up 6.9% during mid-day trading on Wednesday . The stock traded as high as $5.45 and last traded at $5.45. Approximately 938,825 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 666,558 shares. The stock had previously closed at $5.10.

Several research analysts have recently issued reports on FRO shares. ValuEngine raised shares of Frontline from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. BidaskClub raised shares of Frontline from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Seaport Global Securities raised shares of Frontline from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Wednesday, May 31st. Zacks Investment Research raised shares of Frontline from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Evercore ISI lowered shares of Frontline from an “in-line” rating to an “underperform” rating and reduced their target price for the company from $6.00 to $4.00 in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Frontline currently has a consensus rating of “Hold” and a consensus price target of $6.00.

The firm has a market cap of $978.10 million, a P/E ratio of 15.04 and a beta of 2.04. The stock’s 50-day moving average is $5.48 and its 200 day moving average is $6.11.

Frontline (NYSE:FRO) last released its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $89.99 million for the quarter, compared to the consensus estimate of $86.55 million. Frontline had a return on equity of 4.41% and a net margin of 4.74%. On average, equities research analysts expect that Frontline Ltd. will post ($0.01) earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Evermore Global Advisors LLC boosted its holdings in Frontline by 50.4% in the second quarter. Evermore Global Advisors LLC now owns 3,866,992 shares of the shipping company’s stock valued at $22,158,000 after acquiring an additional 1,295,829 shares during the last quarter. Northern Trust Corp boosted its holdings in Frontline by 197.8% in the second quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock valued at $10,290,000 after acquiring an additional 1,192,899 shares during the last quarter. Lingohr & Partner Asset Management GmbH boosted its holdings in Frontline by 38.1% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,666,000 shares of the shipping company’s stock valued at $11,229,000 after acquiring an additional 460,019 shares during the last quarter. State Street Corp boosted its holdings in Frontline by 18.1% in the second quarter. State Street Corp now owns 1,282,370 shares of the shipping company’s stock valued at $7,351,000 after acquiring an additional 196,952 shares during the last quarter. Finally, Cipher Capital LP boosted its holdings in Frontline by 24.9% in the second quarter. Cipher Capital LP now owns 500,614 shares of the shipping company’s stock valued at $2,868,000 after acquiring an additional 99,785 shares during the last quarter. Institutional investors and hedge funds own 12.35% of the company’s stock.

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Frontline Company Profile

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