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Frontline (FRO) in Focus: Stock Moves 7% Higher

Zacks Equity Research
Updated

Frontline Ltd. FRO was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 12.7% in the past one-month time frame.

The upside is likely to have been driven by the company’s better-than-expected first quarter results.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Frontline currently has a Zacks Rank #4 (Sell) while its Earnings ESPis 0.00%.

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Frontline Ltd. Price and Consensus

Frontline Ltd. Price and Consensus | Frontline Ltd. Quote

A better-ranked stock in the Transportation - Shippingindustry is Navios Maritime Partners LP NMM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FRO going up? Or down? Predict to see what others think: Up or Down

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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To read this article on Zacks.com click here.
 
Zacks Investment Research