Frontline Ltd. (FRO) - NYSE
  • Aug. 6, 2013, 11:36 AM
    • The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for shares of Frontline (FRO -1.9%).
    • Rates for the biggest crude carriers sank 68% in the past two weeks, more than reversing their advance since the end of June; the rise is seen as a blip, as the U.S. meets the highest share of its own energy needs in three decades.
    • Rates for VLCCs, each hauling 2M barrels, fell to $7,954/day on Aug. 2 after rising as high as $24,493 on July 12; earnings last exceeded the $25.5K that FRO says it needs to break even in November.
    • While U.S. oil production is bearish for crude tankers, it’s boosting demand for ships to export refined products, chemicals and liquefied petroleum gas; Scorpio Tankers (STNG) is expected to benefit.
    | Aug. 6, 2013, 11:36 AM | 4 Comments
  • Jul. 24, 2013, 12:45 PM
    Midday top 10 gainers: ZHNE +31%. FRO +22%. MFB +23%. CDTI +19%. TOPS +24%. VMW +16%. MHH +16%. HLIT +14%. USU +13%. VICR +13%.
    Midday top 10 Losers: SCKT.PK -20%. NBS -16%. BRCM -16%. VOCS -15%. WLT -14%. TNGN.OB -14%. CEVA -15%. SRPT -14%. IRBT -14%. PLCM -12%.
    | Jul. 24, 2013, 12:45 PM
  • Jul. 24, 2013, 12:02 PM

    Frontline (FRO +19.4%) breaks out to five-month highs following a positive Seeking Alpha article highlighting the return of old WTI-Brent price relationships, which means a renewed need to charter oil tankers. VLCC rates have jumped and should return to a level that makes FRO sustainably profitable again, Ryan Yates writes; dayates need not return to 2008 $200K-$300K levels for shares to get re-priced.

    | Jul. 24, 2013, 12:02 PM | 2 Comments
  • Jul. 18, 2013, 5:38 PM
    After-hours top gainers, as of 5:15 p.m.: FRO +6%. ALGN +5%. HOLX +5%. SWKS +5%. ALNY +5%.
    After-hours top losers: ICUI -8%. PSDV -6%. ISRG -6%. OPEN -6%. MSFT -5%.
    | Jul. 18, 2013, 5:38 PM
  • Jul. 12, 2013, 8:33 AM

    Seasonal oil tanker hiring orders rose to their highest seasonal level since 2007, as demand for crude cargoes accelerates before a projected surge in oil refining. Rates on the benchmark Saudi Arabia to Japan route reportedly have jumped fourfold to $24,939/day since late June, helping owners contend with VLCC earnings that averaged $6,838/day YTD, lowest since at least 1997. FRO +4.1% premarket.

    | Jul. 12, 2013, 8:33 AM | 2 Comments
  • Jul. 11, 2013, 12:45 PM
    Midday top 10 gainers: WAVX +32%. LBIX +26%. RMTI +26%. BPI +19%. ALNY +17%. PSIX +16%. DRAM +14%. BSDM +14%. RDCM +14%. GTXI +13%.
    Midday top 10 Losers: ALVR -45%. MACK -21%. LEDS -20%. INO -13%. TDG -11%. MKTO -10%. KNDI -9%. LEE -8%. LTON -8%. FRO -7%.
    | Jul. 11, 2013, 12:45 PM
  • Jun. 18, 2013, 12:45 PM
    Midday top 10 gainers: USMD +31%. ZN +26%. GEVO +23%. CBMX +21%. CYTK +20%. PRXI +18%. HOTR +18%. WLT +15%. BBGI +15%. ATV +14%.
    Midday top 10 Losers: OSH -14%. MNKD -13%. OPXA -12%. LTON -10%. IESC -10%. KNDI -9%. FRO -8%. GENE -8%. BAA -8%. HAST -8%.
    | Jun. 18, 2013, 12:45 PM
  • Jun. 17, 2013, 12:45 PM
    Midday top 10 gainers: FRO +24%. KNDI +23%. IGLD +20%. HOTR +17%. LIVE +16%. DQ +15%. BIOL +14%. HAST +14%. GNK +13%. CLFD +13%.
    Midday top 10 Losers: FOLD -25%. ORMP -15%. SGOC -12%. EDAP -11%. AXU -10%. BLIN -9%. CERE -9%. RVLT -9%. TEX -9%. PXLW -9%.
    | Jun. 17, 2013, 12:45 PM
  • Jun. 17, 2013, 10:49 AM

    Frontline (FRO +23%) soars after John Fredriksen backs the sector for gains due to "high growth" in LPG production. Other shipping stocks on the move: Ship Finance International (SFL) +1.5%, Seadrill (SDRL) +1.2%, StealthGas (GASS) +3.4%, GasLog (GLOG) +3.2%.

    | Jun. 17, 2013, 10:49 AM | 10 Comments
  • Jun. 17, 2013, 9:11 AM
    Premarket gainers: OSH +47%. FRO +21%. KNDI +16%. LDK +8%. MNKD +5%. AMD +5%. DVAX +5%. NFLX +5%.
    Losers: FOLD -29%. TEX -14%. MDVN -7%.
    | Jun. 17, 2013, 9:11 AM
  • Jun. 7, 2013, 9:11 AM
    Premarket gainers: ROSG +16%. JKS +15%. IMUC +10%. NLST +8%. CBK +8%. GFA +7%. SNTA +7%. ELN +5%.
    Losers: FSGI -42%. TIVO -18%. IRM -15%. JRCC -14%. LAMR -9%. CPRT -8%. FRO -7%. EQIX -8%. OIS -8%.
    | Jun. 7, 2013, 9:11 AM
  • Jun. 5, 2013, 5:15 PM

    Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming.

    | Jun. 5, 2013, 5:15 PM | 2 Comments
  • May 30, 2013, 12:34 PM
    Frontline (FRO -6%) trades lower after releasing Q1 earnings and issuing a weak outlook for Q2. The company was blunt in its own assessment of the tanker market, saying it's "massively oversupplied" and that it may take some time before a reasonable market balance is restored.
    | May 30, 2013, 12:34 PM
  • May 30, 2013, 8:20 AM

    More on Frontline's (FRO) Q1 results: Expects weaker Q2 results than Q1 based on rates achieved so far and increased dry docking costs. Says it may lack cash to repay a $225M bond due in April 2015. Says the tanker market is "massively oversupplied" and "may take some time before a reasonable market balance is restored and sustained recovery of the tanker market occurs." FRO -5.5% premarket.

    | May 30, 2013, 8:20 AM
  • May 30, 2013, 8:13 AM
    Frontline (FRO): Q1 EPS of -$0.24 beats by $0.19. Says Q1 time charter rate for VLCCs was $17K/day vs. breakeven of ~$25.5K, while Q1 rate for Suezmax tankers was $14.5K/day vs. breakeven of $18.5K. Shares -4.6% premarket. (PR)
    | May 30, 2013, 8:13 AM
  • May 30, 2013, 12:05 AM

    Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, GLNG, JOY, YGE

    | May 30, 2013, 12:05 AM | 2 Comments
Company Description
Frontline Ltd. is a Bermuda based tanker company, which is engaged in the seaborne transportation of crude oil and oil products. It operates oil tankers of two sizes, including very large crude carriers, which are primarily used to transport crude oil from the Middle East Gulf to the Far East,... More
Sector: Services
Industry: Shipping
Country: United States