Frontline Ltd. (FRO) has been under a strong bear grip, hence the stock is down -12.39% 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 0.31% in the past 1 week. The stock has risen by 0.85% in the past week indicating that the buyers are active at lower levels, but the stock is down -14.17% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 5.61% and the 50-Day Moving Average is 6.81%.The 200 Day SMA reached 17.23% Frontline Ltd. has dropped 10.11% during the last 3-month period . Year-to-Date the stock performance stands at -46.78%.
Frontline Ltd. (FRO) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $3. The average forecast of all the analysts is $7.75 and the expected standard deviation is $3.77.
Company shares have received an average consensus rating of Hold for the current week Frontline Ltd. (NYSE:FRO): The stock opened at $6.83 and touched an intraday high of $7.15 on Friday. During the day, the stock corrected to an intraday low of $6.8, however, the bulls stepped in and pushed the price higher to close in the green at $7.15 with a gain of 4.38% for the day. The total traded volume for the day was 1,175,250. The stock had closed at $7.15 in the previous trading session.
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.