Frontline (FRO) Earns Daily Media Impact Score of 0.23

Media stories about Frontline (NYSE:FRO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Frontline earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.2211868799184 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

A number of research firms have recently weighed in on FRO. Evercore ISI cut Frontline from an “in-line” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $4.00 in a report on Friday, July 21st. BidaskClub upgraded Frontline from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine lowered Frontline from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Frontline has an average rating of “Hold” and an average price target of $6.00.

Frontline (NYSE:FRO) opened at 6.06 on Friday. Frontline has a one year low of $4.87 and a one year high of $8.05. The company’s 50-day moving average price is $5.89 and its 200 day moving average price is $5.89. The firm has a market capitalization of $1.03 billion, a PE ratio of 31.56 and a beta of 2.02.

Frontline (NYSE:FRO) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $89.99 million for the quarter, compared to the consensus estimate of $86.55 million. Frontline had a net margin of 4.74% and a return on equity of 4.42%. On average, analysts forecast that Frontline will post ($0.01) earnings per share for the current year.

WARNING: “Frontline (FRO) Earns Daily Media Impact Score of 0.23” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/27/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-frontline-fro-share-price.html.

About Frontline

Insider Buying and Selling by Quarter for Frontline (NYSE:FRO)

Receive News & Ratings for Frontline Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply