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Frontline Ltd. (FRO)

- NYSE
  • Jul. 23, 2012, 2:47 PM
    Oil transporters take a beating as low rates, lower fuel consumption and a tanker glut continue to dissuade investors. Tanker rates are averaging less than $5K/day, a far cry from the $25K-$30K that Overseas Shipholding (OSG -5.8%) and Frontline (FRO -3.8%) need to break even, Jefferies says: "These companies are losing money and unable to cover cash costs."
    | 2 Comments
  • Jun. 20, 2012, 2:26 PM
    Last week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of emboldening tanker operators to raise shipping rates for very-large crude carriers, as Bloomberg calculates Q3 rates will average $18K/day vs. a low of nearly half as much in Q2. Stocks poised to benefit after painful declines: FRO, SFL, NAT, OSG, TNK, TNP.
    | 2 Comments
  • Jun. 12, 2012, 5:05 PM
    Why Seadrill (SDRL) has a brighter future than shipbuilding peer Frontline (FRO): As the oil industry pushes further into deeper waters, SDRL's ships, boring as far as seven miles below the surface, are projected to earn an average $625K/day a year from now, 21% more than in 2011; FRO's large crude carriers earn $30.3K/day, down from an average $97K in 2008.
    | 10 Comments
  • Jun. 4, 2012, 2:26 PM
    Ship Finance International (SFL -4%)) agrees to sell its 20-year old combination carrier Front Rider to an unrelated third party, while simultaneously agreeing to terminate the corresponding charter party with a subsidiary of Frontline Ltd (FRO -7.7%). SFL will receive approximately $10.2M, including a $500k charter termination compensation payment from FRO, and book gain of approximately $1.7M in Q312.
    | 3 Comments
  • May 30, 2012, 11:44 AM
    Shares of Frontline (FRO -11.1%) see a double-digit loss after Deutsche Bank slaps a downgrade to Sell on the company. Analysts cite the low quality of the tanker firm's fleet and find it hard to see any potential for upside earnings surprises in the near future.
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  • May 25, 2012, 9:15 AM
    Frontline (FRO) moves up 6.7% premarket after its Q1 report smashes the expectations of analysts. The company says the oil tanker market is recovering faster than it anticipated.
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  • May 25, 2012, 9:05 AM
    Premarket gainers: GNOM +20%. FRO +7%.
    Losers: DCTH -36%. TLB -27%. GENE -11%. PAY -10%. NYMT -6%. VRML -6%.
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  • May 25, 2012, 6:21 AM
    Frontline (FRO): Q1 EPS of $0.09 beats by $0.25. Revenue of $167.8M (-28.7% Y/Y). (PR)
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  • Apr. 26, 2012, 9:20 AM
    Premarket gainers: PATK +26%. HTWR +15%. REGN +14%. NUAN +14%. LOGI +14%. VHC +12%. CTXS +12%. NRGY +10%. EQIX +9%. CRUS +8%. SPPI +8%. INCY +7%. XLNX +7%. WPI +7%. AMRN +5%. EA +7%. MWW +5%. AH +6%. PHM +6%. AIS +5%. AIXG +5%. LSI +4%. TS +3%. UN +3%. ZNGA +3%. FRO +3%. RDS +3%.
    Losers: FURX -28%. PCS -15%. HRB -15%. TQNT -14%. ALU -13%. TSPT -12%. AET -9%. PTX -7%. AKAM -6%. AZN -6%. ZMH -5%. DB -5%. HERO -5%. STD -5%. DOW -4%. CELG -4%. CS -4%. CROX -4%. GG -3%. BWA -3%. UNH -3%. LVS -3%. VALE -3%. UPS -3%. POT -3%.
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  • Apr. 24, 2012, 2:45 PM
    Shipping stocks perk up as rates and bookings show some weekly improvement off of increased demand from China as it continues to import more oil from Africa as an alternative to Iran. The Baltic Dry Index +2.2% to $1,090, as the sector falls stocks back in favor for the day. Advancers: FRO +5.1%, OSG +5.1%, EXM +3.6%, GNK +1.5%, NM +1.6%, PRGN +1.8%, EGLE +8.1%, SBLK +2.2%, SB +2.8%.
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  • Apr. 11, 2012, 3:37 PM
    Shippers are seeing strong upside in today's trade, as reports suggest many carriers are dropping anchor until rates increase further and Alcoa's earnings surprise may indicate a more accelerated global shipping recovery. DRYS +8.2%, FRO +3.1%, NEWL +72%, FREE +12.1%, EGLE +5.6%, DSX +2%, TNK +3%.
    | 1 Comment
  • Apr. 11, 2012, 9:10 AM
    Premarket gainers: TZOO +30%. TITN +16%. THLD +7%. MITK +6%. BBVA +6%. BCS +6%. AA +5%. ING +5%. IRE +5%. DB +5%. RENN +5%. PCX +5%. HOV +5%. FRO +4%. STD +4%. DRYS +4%. ALU +4%. MT +4%. AVP +4%. GNW +4%. ARNA +4%. ACI +3%. MTL +3%. ZNGA +3%. SSL +3%. DLLR +3%. WLT +3%. RIO +3%. TEF +3%. X +3%. ANR +3%.
    Losers: NOK -16%.
    | 1 Comment
  • Apr. 9, 2012, 10:40 AM
    Shares of Frontline (FRO +2.4%) spike higher after trading in negative territory earlier. Sparking the quick rally is chatter that the shipping company is in play as a takeover target.
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  • Mar. 28, 2012, 9:29 AM
    Shares of shipper Frontline (FRO) are upgraded to Buy from Hold at Dahlman Rose, which cites an improved market for tanker rates and a successful restructuring: "The company retains significant spot market exposure, and has resolved the balance sheet issues which served as an overhang over the shares." FRO +7.2% premarket.
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  • Mar. 20, 2012, 9:13 AM
    Frontline (FRO) -5.9% premarket after shares are downgraded to Underperform at Wells Fargo, which believes the "recent short squeeze" - FRO is up 69% in the past 10 trading days, vs. S&P up 5% - has taken valuation "well beyond a sustainable level... particularly given the fact that there has been little-to-no change in FRO’s long-term fundamentals."
    | 2 Comments
  • Mar. 20, 2012, 9:05 AM
    Premarket gainers: FMCN +8%. ZLCS +7%. WMB +4%. KORS +4%. TIF +4%.
    Losers: TRGT -16%. JASO -9%. FRO -6%. RGP -5%. ADBE -4%. GEN -4%. ALV -4%. RIO -4%. IRE -3%. MT -3%. BHP -3%. CLF -3%. AKS -3%. SDRL -3%. S -3%. ING -3%.
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Company Description
Frontline Ltdis an international shipping company. TheCompany operates in the tanker market as an international provider of seaborne transportation of crude oil.
Sector: Services
Industry: Shipping
Country: United States