Is Frontline (NYSE:FRO) Finally Worth Your Time? What Does Seaport Global Securities Think?


Why Has Seaport Global Securities Given Frontline (NYSE:FRO) a $5 Price Target

Seaport Global Securities has just issued a Buy rating for Frontline (NYSE:FRO) shares. The firm have started coverage on shares of FRO in an interesting research report sent to investors on 17 December. This Estimated Target Price would suggest upside of 65.56% from the last stock price of Frontline (NYSE:FRO).

Approximately 123,675 shares of stock traded hands. Frontline Ltd. (NYSE:FRO) has risen 17.44% since May 14, 2015 and is uptrending. It has outperformed by 19.71% the S&P500.

Frontline Ltd. is a shipping company. The company has a market cap of $20.39 billion. The Firm is engaged in the ownership and operation of oil tankers. It has 1.04 P/E ratio. The Firm operates oil tankers of two sizes: very large crude carriers , which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons.

According to Zacks Investment Research, “FRONTLINE LTD’s business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers.”