58.5 F
New York
Friday, November 27, 2020

When Will Frontline Ltd. (FRO) Slow Down

Must read

Will ReneSola Ltd (SOL) Find a Support Level Soon?

ReneSola Ltd (SOL) shares are trading at higher $5.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Forecast Just Changed on Sandstorm Gold Ltd. (NYSE:SAND)

Sandstorm Gold Ltd. (SAND) shares are trading at higher $7.25 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Fortive Corporation (FTV)’s Stock is Jumping, Here is Why

Fortive Corporation (FTV) shares are trading at lower $71.87 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Renewed Optimism is Surrounding BHP Group (NYSE:BHP)

BHP Group (BHP) shares are trading at lower $57.32 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Frontline Ltd. (FRO) shares are trading at higher $6.86 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $13.33 and the low is $5.28. Over the last 52 weeks, FRO is down -36.95% while the S&P 500 is up 15.13%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FRO reported a profit of $272.73 million. Frontline Ltd. also saw revenues increase to $399.97 million. In addition, FRO has free cash flow of $292.66 million as of 06-2020. The company’s EBITDA came in at $225.52 million which compares well with its peers.

FRO booked profit margins of 35.00%, its Return on Equity (ROE) is 30.10%, and its Return on Assets is 12.10%. All told, it is clear that, FRO needs to be on your watchlist.

Find out when FRO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FRO has a short ratio of 5.65 and outstanding shares of 197.69M.

Company Outlook

FRO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.02 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.32. Frontline Ltd. FRO also noted assets of $4.05 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FRO has historically followed its peers on positive news.

All told, Frontline Ltd. FRO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FRO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Frontline Ltd. FRO is now commanding a market cap of 1.39B and a float of 99.34M. FRO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FRO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FRO, either long or short, and we have not been compensated for this article.

Latest article

The Last Few Sessions Have Tenneco Inc. (TEN) Soaring

Tenneco Inc. (TEN) shares are trading at lower $11.13 and the avg recommendation for the stock is Hold, while the current analyst price target...

Rockwell Medical Inc. (NASDAQ:RMTI) Stock is Plummeting, Here is Why

Rockwell Medical Inc. (RMTI) shares are trading at lower $1.00 and the avg recommendation for the stock is Moderate Buy. To add more color...

Tractor Supply Company (TSCO)’s Stock is Jumping, Here is Why

Tractor Supply Company (TSCO) shares are trading at lower $133.90 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Newpark Resources Inc. (NR)?

Newpark Resources Inc. (NR) shares are trading at lower $1.71 and the avg recommendation for the stock is Moderate Buy. To add more color...

When Will TETRA Technologies Inc. (TTI) Slow Down

TETRA Technologies Inc. (TTI) shares are trading at lower $0.80 and the avg recommendation for the stock is Hold. To add more color to...