Several other equities research analysts have also commented on FRO. Morgan Stanley reiterated a hold rating on shares of Frontline in a research report on Wednesday, June 1st. Credit Suisse Group AG reissued a hold rating on shares of Frontline in a research note on Tuesday, May 31st. Zacks Investment Research downgraded shares of Frontline from a buy rating to a hold rating in a research note on Friday, June 3rd. Finally, Clarkson Capital reissued a buy rating on shares of Frontline in a research note on Friday, June 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $11.90.
Frontline (NYSE:FRO) opened at 7.17 on Tuesday. The stock has a 50 day moving average of $7.62 and a 200 day moving average of $8.01. Frontline has a 1-year low of $6.80 and a 1-year high of $17.05. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 4.70 and a beta of 2.53.
Frontline (NYSE:FRO) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.27 by $0.18. Frontline had a return on equity of 20.67% and a net margin of 31.41%. Equities analysts expect that Frontline will post $1.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Monday, September 12th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date was Thursday, September 8th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new position in Frontline during the first quarter worth approximately $1,231,000. A.R.T. Advisors LLC acquired a new stake in Frontline during the first quarter worth about $872,000. James Investment Research Inc. acquired a new stake in Frontline during the second quarter worth about $5,225,000. Palo Capital Inc. increased its stake in Frontline by 112.6% in the second quarter. Palo Capital Inc. now owns 51,358 shares of the company’s stock worth $404,000 after buying an additional 27,197 shares during the period. Finally, Strs Ohio increased its stake in Frontline by 38.6% in the second quarter. Strs Ohio now owns 21,600 shares of the company’s stock worth $169,000 after buying an additional 6,020 shares during the period. 9.12% of the stock is owned by institutional investors.
Frontline Company Profile
Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. The Company operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. The Company operates through subsidiaries and partnerships located in Bermuda, India, the Philippines, Liberia, Norway, the United Kingdom and Singapore.
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