Gainers: Resolute Forest Products (RFP) +64%. Mercer International (MERC) +12%. Losers: Borr Drilling (BORR) -11%. Scorpio Tankers (STNG) -11%. TORM (TRMD) -11%. Frontline (FRO) -11%.
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Frontline Ltd. (NYSE:FRO) price is hovering lower on Tuesday, July 05, dropping -13.69% below its previous close. >> 5 Best Growth Stocks for 2022 << >> 5 Best Growth Stocks for 2022 << A look at today’s price movement shows that the recent level at last check reads $8.84, with intraday deals fluctuating between $8.61 … What Did We Note About Insider Trading At Frontline Ltd. (NYSE: FRO)? Read More »
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In recent trading session, Frontline Ltd. (NYSE:FRO) saw 1.93 million shares changing hands at last check today with its beta currently measuring 0.23. Company’s recent per share price level of $8.61 trading at -$0.25 or -2.77% at last check today assigns it a market valuation of $1.96B. That most recent trading price of FRO’s stock … Frontline Ltd. (NYSE:FRO) Stock Has Risen 25.32% YTD, What Do Analysts Anticipate Next? Read More »
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Frontline Ltd. (NYSE:FRO) traded at $9.37 at last check on Monday, June 27, made an upward move of 4.34% on its previous day’s price. Looking at the stock we see that its previous close was $8.98 and the beta (5Y monthly) reads 0.13 with the day’s price range being $8.695 – $9.16. In terms of … Frontline Ltd. (NYSE: FRO) Continues To Be Hot This Week? Read More »
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Euronav is an industry leader in the tanker industry and announced a merger with Frontline, creating the largest oil tanker fleet by capacity. EURN is an attractive investment opportunity.
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Frontline Ltd. (NYSE:FRO) at last check was buoying at $9.38 on Friday, June 10, with a rise of 0.97% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $9.29 and 5Y monthly beta was reading 0.13 with its price kept floating in … Frontline Ltd. (FRO): A New Perspective Read More »
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Equities analysts expect Frontline Ltd. to post sales of $174.40 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Frontline''s…
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Frontline Ltd. (NYSE:FRO) traded at $10.24 at last check on Monday, June 6, made a downward move of -1.49% on its previous day’s price. Looking at the stock we see that its previous close was $10.40 and the beta (5Y monthly) reads 0.13 with the day’s price range being $10.01 – $10.40. In terms of … Wall Street’s Take On Frontline Ltd. (NYSE: FRO) Stock. Read More »
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This article is excerpted from Tom Yeung’s Profit & Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Growth Investing Works On Tuesday, I introduced the Profit & Protection playbook — a good, hard look into beating the markets with data. The big takeaway from that newsletter? Growth investing works. Stocks with high expected growth rates (both sales and earnings) and past growth tend to outperform over the following twelve months. That’s no news to venture capitalists or my Hypergrowth Investing colleague, Luke Lango. But there was a wrinkle: Turnarounds do even better. Stocks that had the worst sales growth in the prior year outperformed their high-growth counterparts by a 1.4-to-1 ratio. I can practically see Warren Buffett and InvestorPlace analyst Eric Fry smiling. But if you’re tired of all this theoretical fluff, I don’t blame you. We’re here for profits, not a lesson in data science or fortune-telling. So today, we’re going to use the Profit & Protection playbook to identify five promising growth stocks that look set to ride out the upcoming 6 to 12 months.
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Cleaves Securities Stick to Their Buy Rating for Frontline Ltd
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Kepler Capital Stick to Their Buy Rating for Frontline Ltd
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The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery of cargoes.Strange to think, then, that shares of two of the market’s biggest pureplay owners -- Euronav NV and Frontline Ltd. -- have been steadily rallying since early February. It’s because the oil tanker sector is emerging as a hot coronavirus vaccine play.The coronavirus has ravaged both global oil demand and supply, rendering the fees that owners charge for individual cargo deliveries little short of disastrous. But industry executives, shipbrokers and analysts all say there’s reason to be bullish: the more oil is kept off the market now, the harder the snapback will be as vaccination programs help to revive global oil demand -- and with it the flow of cargoes.“We are probably never going to experience a demand increase similar to what we are likely to see over the next nine months for tankers,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “Six months down the road, we will have higher OPEC+ production because the world is going to consume a lot more oil as vaccines take effect and economies recover.”Coming BackIt’s an optimism that already filtered into the oil market.
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Cleaves Securities Stick to Their Sell Rating for Frontline Ltd
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Kepler Capital Stick to Their Buy Rating for Frontline Ltd
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Frontline Ltd. , today reported unaudited results for the three and nine months ended September 30, 2020: Highlights Net income… | November 25, 2020
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Final earnings conference call transcript of Frontline Ltd - FRO stock
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Never before has oil production been slashed this much this quickly, but it still isn't enough to offset coronavirus demand destruction. OPEC and cooperating non-OPEC countries such as Russia (a coalition known as OPEC+) will cut output by 9.7 million barrels/day (b/d) in May-June, 7.7 million b/d in July-December and 5.8 million b/d in January-April 2021. Coronavirus demand destruction is estimated to exceed 20 million b/d. Continued excess production will pull more tankers into use as floating storage, reducing the number of vessels bidding for spot voyage deals and prolonging historically high rates. "In any other time, an output cut of this magnitude would be the death knell for the tanker industry," said Evercore ISI analyst Jon Chappell. "But with the reductions failing to match the estimated demand destruction, inventories are still likely to build materially … pressuring near-term oil prices and incenting floating storage. "Tanker stocks are the only place for energy capital before the demand/supply imbalance inflects," maintained Chappell.
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It was all setting up so nicely for crude-tanker stocks until those Trump tweets on Thursday morning … Shares of companies that own very large crude carriers (VLCCs; tankers that carry 2 million barrels of crude) had been climbing steadily since early March, pulled upward by spot rates of over $200,000 per day and expectations for a spike in floating-storage contracts. Then, like a roller coaster that rumbles over the top of the slope and gathers speed on the other side, the stocks came back down. At 10:30 a.m. Thursday, the U.S. president tweeted that Saudi Arabia and Russia would cut production by 10 million barrels per day (b/d), then: "Could be as high as 15 … GREAT news for everyone!" Actually, not everyone. Reduced output equates to fewer VLCC cargoes and less future storage. Merely talking about production cuts can immediately incentivize tanker owners to accept lower rates. Between the tweets and Friday's closing bell, crude pricing rose 30% and VLCC stocks went in the opposite direction, despite the fact that VLCC spot rates still exceed $220,000 per day: DHT Holdings, Inc. (NYSE: DHT ) fell 22%, Frontline Ltd. (NYSE: FRO ) 21%, Euronav (NYSE: EURN ) 16% and International Seaways, Inc. (NYSE: INSW ) 13%.
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The dangerous geopolitical chess game in the Persian Gulf just got even more complicated. For the first time, the U.S. has imposed sanctions on a Chinese …
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Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other tanker, owned by Frontline Ltd (NYSE: FRO ), was carrying a petrochemical feedstock from the Persian Gulf to Japan. The cause of the fires is not known but geopolitical tensions in the region … Full story available on Benzinga.com
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FRO earnings call for the period ending March 31, 2019.
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Frontline Ltd. (NYSE:FRO) Q1 2019 Earnings Conference Call May 16, 2019 9:00 AM ET Company Participants Robert Macleod – Chief Executive Officer Inger Klemp – C
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Frontline Ltd. (FRO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
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