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Enter Symbol:
 
Frontline Ltd. (FRO) [hlAlert]

Rating:
Sell FRO
down 13.21 %

Frontline Ltd. (FRO) rated Sell with price target $0.50 by Global Hunter Securities

Posted on: Wednesday,  Apr 17, 2013  10:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Sell Frontline Ltd. (NYSE: FRO) on 04/17/2013, when the stock price was $1.97. Since then, Frontline Ltd.
has gained 15.23% of its value until Global Hunter Securities rated FRO Neutral on 07/19/2013, when the price was $2.27.
If you would have followed this Global Hunter Securities's recommendation on FRO, you would have lost 13.21% of your investment in 93 days.

Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt), and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. As of February 28, 2009, the Company operated a tanker fleet consisting of 83 vessels. The fleet consists of 41 VLCCs, which are either owned or chartered in, 30 Suezmax tankers, which are either owned or chartered in, eight Suezmax OBOs, which are chartered in, and four VLCCs under its commercial management. In January 2008, the Company established Independent Tankers Corporation Limited (ITCL), as a wholly owned subsidiary for the purpose of holding, by way of contribution, its interests in Independent Tankers Corporation (ITC). In February 2008, Frontline spun off 17.53% of its holding in ITCL to its shareholders.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/19/2013 10:25 AM Hold
None
2.27 0.50
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -15.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 10:25 AM Sell
None
1.97 0.50

(*) Stock Price at the time of the recommendation.
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