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

Rating:
Hold FRO

Frontline Ltd. (FRO) upgraded to Hold by Dahlman Rose

Posted on: Wednesday,  Jan 4, 2012  8:25 AM ET by Dahlman Rose

Dahlman Rose rated Hold Frontline Ltd. (NYSE: FRO) on 01/04/2012. Previously Dahlman Rose rated Sell Frontline
Ltd. (NYSE: FRO) on 11/22/2011., when the stock price was $3.03. Since then, Frontline Ltd. has gained 43.56% of its value until Dahlman Rose rated FRO Buy on 01/04/2012, when the price was $4.35. .

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.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/28/2012 8:25 AM Buy
None
7.44 9.50
as of 12/31/2012
1 Week down  -1.80 %
1 Month down  -1.21 %
3 Months down  -15.10 %
1 YTD down  -57.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/4/2012 8:25 AM Hold
None
4.35
11/22/2011 1:25 PM Sell
None
3.03 2.00
10/6/2011 8:25 AM Sell
None
4.30
1/12/2011 10:25 AM Hold
None
26.72
1/6/2010 9:25 AM Buy
None
30.38 42.00

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