Frontline Ltd. (FRO) Shares are Up 0.85%

Frontline Ltd. (FRO) : Traders are bullish on Frontline Ltd. (FRO) as it has outperformed the S&P 500 by a wide margin of 1.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.85% in the last 1 week, and is up 1.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Frontline Ltd. is up 15.11% in the last 3-month period. Year-to-Date the stock performance stands at -39.63%. The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 3.38%.


Frontline Ltd. (NYSE:FRO): The stock opened at $8.20 on Friday but the bulls could not build on the opening and the stock topped out at $8.38 for the day. The stock traded down to $8.17 during the day, due to lack of any buying support eventually closed down at $8.33 with a loss of -0.24% for the day. The stock had closed at $8.35 on the previous day. The total traded volume was 967,481 shares.

Also, In a research note released to the investors, Seaport Global assumes its rating on Frontline Ltd. (NYSE:FRO).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Seaport Global announces the price target of $9 per share. The rating by the firm was issued on May 4, 2016.

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.

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