Media stories about Frontline (NYSE:FRO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frontline earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 45.378261232735 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Insider Investors Have A Large Stake In Frontline Ltd. (NYSE:FRO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Peaky Blinders makes a star of radical 1920s firebrand Jessie Eden (theguardian.com)
- Insider Investors Have A Large Stake In Frontline Ltd. (NYSE:FRO … – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Ripples of discontent (frontline.in)
- Frontline Discusses Current State Of The Crude Tanker Market – Seeking Alpha (seekingalpha.com)
A number of brokerages have commented on FRO. Credit Suisse Group reaffirmed a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. BidaskClub raised shares of Frontline from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine cut shares of Frontline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Evercore ISI cut shares of Frontline from an “in-line” rating to an “underperform” rating and cut their price objective for the stock from $6.00 to $4.00 in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.00.
Shares of Frontline (NYSE:FRO) traded down 0.49% during trading on Monday, reaching $6.11. 83,639 shares of the company traded hands. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $5.88. Frontline has a 12-month low of $4.87 and a 12-month high of $8.05. The stock has a market capitalization of $1.04 billion, a P/E ratio of 31.82 and a beta of 2.02.
Frontline (NYSE:FRO) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Frontline had a return on equity of 4.42% and a net margin of 4.74%. The business had revenue of $89.99 million for the quarter, compared to the consensus estimate of $86.55 million. On average, equities research analysts anticipate that Frontline will post ($0.01) earnings per share for the current fiscal year.
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