Somewhat Positive Press Coverage Somewhat Unlikely to Impact Frontline (FRO) Stock Price
News headlines about Frontline (NYSE:FRO) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frontline earned a news impact score of 0.02 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 45.9559737172263 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Industrial Real-estate Crunch Hits the Valley (bcbusiness.ca)
- OPEC Cutback Deal May Be a Windfall for Struggling Global Shippers: Broker (shipandbunker.com)
- OPEC opens door to U.S.-Asia trade for battered crude shippers (hellenicshippingnews.com)
- Financial Contrast: Andeavor Logistics (ANDX) versus Frontline (FRO) (americanbankingnews.com)
- Baskin-Robbins Celebrates the Opening of Its 500th Store in Saudi Arabia (albawaba.com)
Shares of Frontline (FRO) traded down $0.13 during trading on Friday, reaching $5.99. The company’s stock had a trading volume of 425,900 shares, compared to its average volume of 780,608. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.66 and a current ratio of 1.66. Frontline has a 52-week low of $4.87 and a 52-week high of $8.05. The firm has a market cap of $1,040.08, a P/E ratio of 14.94 and a beta of 1.94.
Frontline (NYSE:FRO) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.05). Frontline had a return on equity of 4.42% and a net margin of 4.74%. The business had revenue of $89.99 million for the quarter, compared to analyst estimates of $86.55 million. analysts forecast that Frontline will post -0.03 earnings per share for the current fiscal year.
Several research analysts recently issued reports on FRO shares. BidaskClub raised Frontline from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Evercore ISI lowered Frontline from an “in-line” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $4.00 in a research report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, ValuEngine downgraded Frontline from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Frontline presently has a consensus rating of “Hold” and an average price target of $6.00.
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Frontline Company Profile
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