Frontline Ltd. (FRO) has been under a strong bear grip, hence the stock is down -0.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.68% in the past 1 week. The stock has risen by 0.84% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.83% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 5.52%.The 200 Day SMA reached 14.04%
Frontline Ltd. (NYSE:FRO): After opening at $7.21, the stock dipped to an intraday low of $7.135 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.22 and the buying power remained strong till the end. The stock closed at $7.17 for the day, a gain of 1.99% for the day session. The total traded volume was 710,995. The stocks close on the previous trading day was $7.17.
Frontline Ltd. (FRO) : Currently there are 4 street experts covering Frontline Ltd. (FRO) stock. The most bullish and bearish price target for the stock is $12 and $3 respectively for the short term. The average price target of all the analysts comes to $7.75. The estimated standard deviation from the target is $3.77.
Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Companys tanker fleet consisted of 22 vessels and consists of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.