Somewhat Negative News Coverage Somewhat Unlikely to Impact Frontline (FRO) Share Price

Headlines about Frontline (NYSE:FRO) have been trending somewhat negative recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Frontline earned a media sentiment score of -0.05 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 46.4168602399678 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s rankings:

FRO has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Frontline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Seaport Global Securities set a $7.00 target price on shares of Frontline and gave the company a “buy” rating in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.67.

Shares of Frontline (NYSE FRO) opened at $3.99 on Friday. The firm has a market cap of $692.80, a P/E ratio of 133.04 and a beta of 1.80. Frontline has a one year low of $3.79 and a one year high of $7.22. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.22.

Frontline (NYSE:FRO) last announced its earnings results on Wednesday, November 22nd. The shipping company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). The firm had revenue of $75.86 million during the quarter, compared to analyst estimates of $78.30 million. Frontline had a net margin of 0.29% and a return on equity of 1.70%. equities research analysts anticipate that Frontline will post -0.15 EPS for the current year.

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Frontline Company Profile

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).

Insider Buying and Selling by Quarter for Frontline (NYSE:FRO)

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