Several other research analysts have also issued reports on FRO. ValuEngine lowered shares of Frontline from a sell rating to a strong sell rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Frontline from a sell rating to a hold rating in a research report on Monday, November 27th. Finally, Seaport Global Securities set a $7.00 target price on shares of Frontline and gave the stock a buy rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $5.67.
Frontline (FRO) opened at $4.36 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.45. Frontline has a 1 year low of $3.79 and a 1 year high of $7.15.
A number of large investors have recently made changes to their positions in the stock. PEAK6 Investments L.P. purchased a new position in Frontline in the fourth quarter worth $110,000. Millennium Management LLC bought a new stake in Frontline in the fourth quarter worth $2,263,000. Deutsche Bank AG lifted its stake in Frontline by 145.7% in the fourth quarter. Deutsche Bank AG now owns 398,487 shares of the shipping company’s stock worth $1,828,000 after purchasing an additional 236,276 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Frontline by 61.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,437,640 shares of the shipping company’s stock worth $6,599,000 after purchasing an additional 547,537 shares during the last quarter. Finally, Centenus Global Management LP bought a new stake in Frontline in the fourth quarter worth $565,000. Institutional investors own 14.41% of the company’s stock.
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Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. Its tankers segment includes crude oil tankers and product tankers. As of December 31, 2016, the Company’s fleet consisted of 28 vessels owned by the Company (seven very large crude carriers (VLCCs), 10 Suezmax tankers and 11 Aframax/LR2 tankers); 13 vessels that are under capital leases (11 VLCCs and two Suezmax tankers); one VLCC that is recorded as an investment in finance lease; four vessels chartered-in for periods of 12 months, including extension options (two VLCCs and two Suezmax tankers); two VLCCs where cost/revenue is split equally with a third party (of which one is chartered-in by it and one by a third party); three medium range product tankers that are chartered-in on short term time charters with a remaining duration of less than two months, and five vessels that are under commercial management (two Suezmax tankers and three Aframax oil tankers).
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