The stock of Frontline Ltd (NYSE:FRO) is a huge mover today! The stock is down 3.16% or $0.26 after the news, hitting $7.8 per share. About 686,224 shares traded hands. Frontline Ltd (NYSE:FRO) has declined 39.17% since September 9, 2015 and is downtrending. It has underperformed by 46.42% the S&P500. The move comes after 7 months negative chart setup for the $9.93 billion company. It was reported on Apr, 15 by Barchart.com. We have $7.41 PT which if reached, will make NYSE:FRO worth $496.50 million less.
Out of 4 analysts covering Frontline Ltd. (NYSE:FRO), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Frontline Ltd. was the topic in 7 analyst reports since November 25, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers.”
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