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

Rating:
Buy FRO
up 12.33 %

Frontline Ltd. (FRO) upgraded to Buy by DNB Markets

Posted on: Wednesday,  Jan 13, 2016  10:25 AM ET by DNB Markets

DNB Markets rated Buy Frontline Ltd. (NYSE: FRO) on 01/13/2016, when the stock price was $2.27. Since
then, Frontline Ltd. has gained 12.33% as of 01/14/2016's recent price of $2.55.
If you would have followed this DNB Markets's recommendation on FRO, you would have gained 12.33% of your investment in 1 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.

DNB Markets
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/13/2016 10:25 AM Buy
None
2.27
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2014 9:25 AM Hold
None
4.97

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