Frontline (FRO) Announces Quarterly Results
Frontline (NYSE:FRO) released its earnings data on Thursday. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.04, StockRatingsNetwork reports.
A number of analysts have recently weighed in on FRO shares. Analysts at Zacks upgraded shares of Frontline from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $3.10 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Frontline from $2.50 to $3.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. 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. Frontline currently has an average rating of “Hold” and an average price target of $2.29.
Shares of Frontline (NYSE:FRO) opened at 2.58 on Thursday. Frontline has a one year low of $2.03 and a one year high of $5.18. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $3.13. The company’s market cap is $250.2 million.
Frontline Ltd. is a Bermuda-based shipping company engaged primarily in the ownership and operation of oil tanker.
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