News headlines about Frontline (NYSE:FRO) have trended somewhat negative recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frontline earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 47.1197609628204 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Sitharaman flies in Sukhoi for 40 minutes (dailypioneer.com)
- Frontline Securities Ltd Q2 PAT climbs to Rs. 2.54 crores (equitybulls.com)
- Defence minister Sitharaman undertakes sortie in Sukhoi (telegraphindia.com)
- Mamata’s Nandigram moment (frontline.in)
Several equities research analysts recently commented on FRO shares. Zacks Investment Research upgraded Frontline from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Seaport Global Securities set a $7.00 target price on Frontline and gave the company a “buy” rating in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.67.
Frontline (NYSE:FRO) last posted its quarterly earnings results on Wednesday, November 22nd. The shipping company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Frontline had a return on equity of 1.70% and a net margin of 0.29%. equities analysts predict that Frontline will post -0.14 EPS for the current year.
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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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