Frontline Ltd. (FRO) was a big mover last session, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the most recent uptrend for the company, as the stock is now up almost 28% since Nov 26.
The company has seen 2 positive revisions in the past one month. Also, the Zacks Consensus Estimate, currently pegged at a loss, has narrowed 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 Friday’s jump can turn into more strength down the road.
Frontline currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked shipping stocks include Baltic Trading Limited (BALT), Diana Containerships Inc. (DCIX), Genco Shipping & Trading Ltd. (GNK). All these stocks carry a Zacks Rank #2 (Buy).
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FRONTLINE LTD (FRO): Free Stock Analysis Report
BALTIC TRADING LTD (BALT): Free Stock Analysis Report
DIANA CONTAINERSHIPS INC (DCIX): Free Stock Analysis Report
GENCO SHIPPING & TRADING LTD (GNK): Free Stock Analysis Report
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