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Frontline Ltd. (FRO)

- NYSE
  • Nov. 16, 2012, 9:10 AM
    Premarket gainers: PENN +33%. SHF +29%. SWSH +22%. OMX +17%. ASCA +17%. CLNT +15%. BYD +12%. STSI +11%. MGM +7%. OSIS +6%. LVS +6%. VRNG +6%. GMCR +5%. CALI +5%. FRO +5%.
    Losers: DVAX -48%. SINA -7%.
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  • Nov. 14, 2012, 12:45 PM
    Midday top 10 gainers: CALI +115%. INOC +40%. ANF +28%. ULTR +23%. TCX +22%. SGYP +21%. FRO +16%. ROYL +13%. VIPS +13%. AXAS +12%. Midday top 10 Losers: ORCC -19%. IAG -18%. ENVI -17%. CPGI -16%. ASUR -16%. BSDM -15%. SUTR -15%. ENMD -14%. BIOF -14%. GTIM -14%.
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  • Nov. 14, 2012, 11:53 AM
    Frontline (FRO +15.8%) shares are surging, perhaps related to bullish analyst comments on rallying VLCC spot rates. FRO has "the most exposure to spot VLCCs and are in line to benefit from these improving rates," Dahlman Rose writes; considering OSG's bankruptcy filing, investors should buy FRO, "especially since it is in a good financial position after its restructuring."
    | 2 Comments
  • Nov. 14, 2012, 9:49 AM
    Shares of Frontline (FRO +9.9%) abandon their 30-day trading range to hit new heights. The buying surge isn't related to a broad sector move or any specific contract news, but looks like a momentum play.
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  • Nov. 14, 2012, 9:10 AM
    Premarket gainers: ANF +32%. TCX +21%. ZAZA +8%. CSCO +7%. FRO +7%. ARO +7%
    Losers: IAG -8%. SNE -7%. MOS -5%.
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  • Nov. 14, 2012, 8:22 AM
    Overseas Shipholding (OSG) files for Chapter 11 bankruptcy protection. The world's no. 2 independent tanker operator has been struggling to plug a $300M shortfall in its $1.5B fully drawn revolving credit facility, and warned last month that it may have to seek bankruptcy protection. OSG -61% premarket; FRO +10.2%.
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  • Oct. 19, 2012, 9:12 AM
    Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS, PRGN, EXM, FRO, OSG, NAT, OSK, TNK, TNP.
    | 1 Comment
  • Oct. 16, 2012, 8:25 AM
    Frontline (FRO) terminates a long-term shipping contract with Ship Finance International (SFL). As a consequence, Ship Finance will receive a $500K payment and sell its iron ore vessel.
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  • Oct. 12, 2012, 8:48 AM
    Shipping stocks continue to suffer as forecasts for shipments of coal and iron ore are revised lower with China and Europe showing demand below expectations. After making an impressive run in Q1, the Guggenheim Shipping ETF (SEA) is now off over 15% for the following two quarters. Despite the malaise, analysts see some light at the end of the tunnel for 2013 as lower capacity helps support pricing in the sector.
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  • Oct. 12, 2012, 6:01 AM
    European insurers North of England P&I Association and Gard drop their coverage of tankers that store Iranian oil, Reuters reports, even though EU sanctions ban the insurance on the transport of  the crude and not the storage. The oil is being held off the Malaysian coast by Hong Kong's Titan Petrochemicals, which hires tankers owned by Frontline (FRO); the latter has withdrawn the charter for at least one of Titan's fleet.
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  • Sep. 19, 2012, 10:14 AM
    Shipping stocks (GNK +4.6%) soar as news out of China on steel and iron prices has traders making bets on select names. Advancers: DRYS +6.8%, PRGN +10.4%, EXM +12.8%, GNK +6.5%, FRO +3.1%, OSG +3.6%.
    | 4 Comments
  • Sep. 18, 2012, 2:19 PM
    Nordic American Tanker (NAT -1.4%) acquires the remaining 50% shareholding interest in Orion Tanker Pool from Frontline (FRO -9.1%), effective January, 2013. Once the transaction closes, Orion will become a 100% subsidiary of NAT. FRO's nine suezmax vessels will leave Orion later this year after the shipper advised NAT that it wishes to be more flexible in the operation of its vessels.
    | 8 Comments
  • Aug. 29, 2012, 9:10 AM
    Premarket gainers: JOSB +14%. TEAR +8%. MCP +6%. TFM +5%.
    Losers: ARQL -26%. WCRX -22%. DY -17%. JASO -9%. FRO -8%.
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  • Aug. 29, 2012, 8:23 AM
    More on Frontline's (FRO) Q2: After reporting a loss of $0.31 per basic share, the company will not pay a dividend. Following last year's restructuring, operating fleet is reduced to 48 vessels from 58. Based on results achieved so far, Q3 results are expected to be "significantly worse" than in Q2. FRO -7.8% premarket.
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  • Aug. 29, 2012, 5:34 AM
    Frontline (FRO): Q2 EPS of -$0.05 beats by $0.02. Revenue of $219.4M (-19.5% Y/Y). Shares -6% premarket. (PR)
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  • Aug. 29, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: FRO, HNZ, JASO, JOY, YGE
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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