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

Rating:
Underperform
FRO
up 52.54 %

Frontline Ltd. (FRO) rated Underperform with price target $1.75 by Imperial Capital

Posted on: Tuesday,  Sep 24, 2013  11:25 AM ET by Imperial Capital

Imperial Capital rated Underperform Frontline Ltd. (NYSE: FRO) on 09/24/2013. Previously Imperial Capital rated Underperform Frontline Ltd. (NYSE: FRO) on 07/20/2012.,
when the stock price was $3.89. Since then, Frontline Ltd. has lost 34.45% as of 01/14/2016's recent price of $2.55.
If you would have followed the previous Imperial Capital's recommendation on FRO, you would have gained 52.54% of your investment in 1273 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.

Imperial Capital
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2013 11:25 AM Sell
None
2.67 1.75
as of 12/13/2013
1 Week down  -2.71 %
1 Month down  -36.00 %
3 Months down  -29.77 %
1 YTD down  -4.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2013 9:25 AM Sell
None
2.20 1.00
7/20/2012 8:26 AM Sell
None
3.89 2.50

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