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

Rating:
Underperform
FRO
up 14.11 %

Frontline Ltd. (FRO) rated Underperform with price target $4.20 by FBR Capital

Posted on: Wednesday,  Dec 7, 2011  8:25 AM ET by FBR Capital

FBR Capital rated Underperform Frontline Ltd. (NYSE: FRO) on 12/07/2011. Previously FBR Capital rated Underperform Frontline Ltd. (NYSE: FRO) on 11/23/2011.,
when the stock price was $2.91. Since then, Frontline Ltd. has lost 12.37% as of 01/14/2016's recent price of $2.55.
If you would have followed the previous FBR Capital's recommendation on FRO, you would have gained 14.11% of your investment in 1513 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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/7/2011 8:25 AM Sell
None
4.12 4.20
as of 12/30/2011
1 Week down  -2.14 %
1 Month down  -38.38 %
3 Months down  -4.12 %
1 YTD down  -74.24 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/23/2011 8:25 AM Sell
None
2.91 1.50
8/29/2011 8:25 AM Hold
None
6.25 8.00
8/10/2011 8:25 AM Hold
None
7.58
5/26/2011 8:25 AM Buy
None
17.59 28.00
11/29/2010 8:25 AM Buy
None
25.69 40.00
4/28/2010 8:25 AM Buy
None
34.67 44.00
3/1/2010 8:25 AM Buy
None
26.98 39.00
8/31/2009 8:25 AM Hold
None
22.58 23.00

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