Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Frontline (FRO) Share Price

Media coverage about Frontline (NYSE:FRO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Frontline earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.1861849890422 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

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NYSE:FRO opened at $4.29 on Friday. Frontline has a fifty-two week low of $3.79 and a fifty-two week high of $6.95. The stock has a market capitalization of $767.51, a PE ratio of -143.00 and a beta of 1.68. The company has a current ratio of 1.45, a quick ratio of 1.17 and a debt-to-equity ratio of 1.45.

Frontline (NYSE:FRO) last released its quarterly earnings results on Wednesday, February 28th. The shipping company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.11. Frontline had a negative net margin of 40.98% and a negative return on equity of 0.31%. The business had revenue of $99.20 million for the quarter, compared to analysts’ expectations of $88.40 million. equities research analysts forecast that Frontline will post -0.34 EPS for the current year.

A number of research analysts have commented on FRO shares. DNB Markets raised shares of Frontline from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Zacks Investment Research raised shares of Frontline from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Seaport Global Securities set a $7.00 price target on shares of Frontline and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, ValuEngine cut shares of Frontline from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Frontline has a consensus rating of “Hold” and a consensus price target of $5.67.

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Frontline Company Profile

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).

Insider Buying and Selling by Quarter for Frontline (NYSE:FRO)

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