Frontline (NYSE:FRO) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other analysts also recently weighed in on FRO. Wells Fargo & Co upgraded shares of Frontline from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Monday, June 18th. Deutsche Bank increased their price target on shares of Frontline from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.00.

Frontline stock opened at $5.11 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.25 and a current ratio of 1.34. Frontline has a 1 year low of $3.79 and a 1 year high of $6.43. The stock has a market cap of $879.58 million, a price-to-earnings ratio of -170.33 and a beta of 1.34.

Frontline (NYSE:FRO) last released its earnings results on Wednesday, August 22nd. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $166.82 million for the quarter, compared to the consensus estimate of $62.63 million. Frontline had a negative net margin of 47.14% and a negative return on equity of 4.83%. Frontline’s revenue was up 11.1% on a year-over-year basis. analysts forecast that Frontline will post -0.39 earnings per share for the current year.

Several large investors have recently made changes to their positions in FRO. Folketrygdfondet raised its position in shares of Frontline by 54.8% in the 2nd quarter. Folketrygdfondet now owns 5,353,442 shares of the shipping company’s stock valued at $31,264,000 after acquiring an additional 1,894,446 shares during the period. Marshall Wace LLP raised its position in shares of Frontline by 589.8% in the 2nd quarter. Marshall Wace LLP now owns 774,406 shares of the shipping company’s stock valued at $4,510,000 after acquiring an additional 662,138 shares during the period. Renaissance Technologies LLC raised its position in shares of Frontline by 34.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,559,601 shares of the shipping company’s stock valued at $9,101,000 after acquiring an additional 397,101 shares during the period. Evermore Global Advisors LLC raised its position in shares of Frontline by 6.5% in the 1st quarter. Evermore Global Advisors LLC now owns 5,589,522 shares of the shipping company’s stock valued at $24,762,000 after acquiring an additional 343,505 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Frontline in the 1st quarter valued at approximately $1,120,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

Frontline Company Profile

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2017, the company's fleet consisted of 61 vessels, including VLCC, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.

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