03 June, 2017
A number of other equities research analysts also recently issued reports on the stock. Frontline Ltd. had 10 analyst reports since November 25, 2015 according to SRatingsIntel. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. While the stock price moved along with the volume change, shares are touching $5.71. The stock appeared -7.93% below its 52-week highs and is down -5.52% for the last five trades.
The counter witnessed a trading volume of 0.72 million shares versus an average volume of 1.13 million shares during last trading session.
Fluidigm Corporation (NASDAQ:FLDM)'s market cap, the total dollar value of all of their outstanding shares, is 138.00m. Frontline has a 52-week low of $5.39 and a 52-week high of $10.41.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -18.68%, and has a poor year to date (YTD) performance of -18.57% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
Investors are on alert as Frontline Ltd. (NYSE:FRO)'s stock is experiencing unusual volume during today's trading.
Frontline Ltd. (FRO) surprised the stock market in its last reported earnings when it earned $0.28 a piece versus the consensus-estimated $0.13. Frontline had a return on equity of 13.92% and a net margin of 21.54%. Currently, the stock has a 1 Year Price Target of $7.13.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. The ex-dividend date is Thursday, June 8th. Zacks Investment Research raised shares of Frontline from a "sell" rating to a "hold" rating in a report on Thursday, May 11th. If you are accessing this news story on another website, it was stolen and republished in violation of USA and global trademark & copyright legislation. Credit Suisse upgraded Frontline Ltd. (NYSE:FRO) rating on Wednesday, November 25. Institutional investors and hedge funds own 8.80% of the company's stock. Mackenzie Financial Corp bought a new position in shares of Frontline during the first quarter worth about $101,000. Jane Street Group LLC boosted its stake in shares of Frontline by 142.7% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company's stock worth $108,000 after buying an additional 581 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Frontline by 426.8% in the first quarter.
Let's have a look at some of the important valuation ratios of the Frontline Ltd. Boston Partners purchased a new position in shares of Frontline during the first quarter worth $2,231,000. The company was reinitiated on Wednesday, May 4 by Seaport Global.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Frontline Ltd. the EPS stands at 0.28 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.14, suggesting the stock exceeded the analysts' expectations. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance.
