Somewhat Negative Media Coverage Somewhat Unlikely to Affect Frontline (FRO) Share Price
Press coverage about Frontline (NYSE:FRO) has been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frontline earned a daily sentiment score of -0.05 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.3203611914349 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Seaport Global Securities set a $7.00 price objective on Frontline and gave the stock a “buy” rating in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.67.
Frontline (FRO) traded down $0.01 during midday trading on Thursday, reaching $4.06. The company’s stock had a trading volume of 294,120 shares, compared to its average volume of 706,086. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.22. The firm has a market cap of $5,540.00, a P/E ratio of 27.00 and a beta of 1.81. Frontline has a 12-month low of $4.00 and a 12-month high of $7.24.
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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).
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