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Frontline (FRO) in Focus: Stock Jumps 8.1% in Session

Zacks Equity Research

Frontline Ltd. (FRO) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $4.14–$4.91 since Jan 6.

This shipping industry stock has seen one positive revision in the past 60 days. The Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Frontline. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Frontline has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same sector include Diana Containerships Inc. (DCIX) Knightsbridge Tankers Limited (VLCCF) and Aegean Marine Petroleum Network Inc. (ANW). While Diana Containerships and Knightsbridge Tankers Limited sport a Zacks Rank #1 (Strong Buy), Aegean Marine carries a Zacks Rank #2 (Buy).

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FRONTLINE LTD (FRO): Free Stock Analysis Report

DIANA CONTAINERSHIPS INC (DCIX): Free Stock Analysis Report

KNIGHTSBRIDGE TANKERS LTD (VLCCF): Free Stock Analysis Report

AEGEAN MARINE PETROLEUM NETWORK (ANW): Free Stock Analysis Report


Zacks Investment Research