Frontline(FRO)

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3 Life-Changing Stocks Poised for Phenomenal Growth
InvestorPlace· 2024-02-12 20:02
In the stock market, certain companies stand out as potential game-changers, promising returns and transformative shifts in their respective sectors. Among these, three stocks are positioned at the forefront of their industries, ready to hit unparalleled growth. From energy and transportation to cutting-edge semiconductor technology, these companies are not merely reacting to market trends but shaping them. From fleet expansion strategies driving competitive edges to operational efficiencies fostering resil ...
Frontline (FRO) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-02-07 00:01
Frontline (FRO) closed the most recent trading day at $21.48, moving -1.1% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.23% for the day. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.Prior to today's trading, shares of the shipping company had lost 0.28% over the past month. This has lagged the Transportation sector's gain of 0.29% and the S&P 500's gain of 5.3% in that time.The upcoming earnings release of Frontline ...
Frontline (FRO) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-01-24 00:21
In the latest market close, Frontline (FRO) reached $21.16, with a -1.86% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.43%.Heading into today, shares of the shipping company had gained 0.42% over the past month, outpacing the Transportation sector's loss of 2.99% and lagging the S&P 500's gain of 2.08% in that time.The investment community will be paying close ...
Frontline (FRO) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-01-18 00:21
In the latest trading session, Frontline (FRO) closed at $22.49, marking a +0.99% move from the previous day. This change outpaced the S&P 500's 0.56% loss on the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.59%.Shares of the shipping company witnessed a gain of 7.79% over the previous month, beating the performance of the Transportation sector with its loss of 3.94% and the S&P 500's gain of 1.2%.The investment community will be closely monitoring the perfo ...
ZIM Shipping stock proves unsinkable despite Red Sea disruptions
MarketBeat· 2024-01-16 12:43
Key PointsIsrael-based ZIM Shipping shares have risen 36% year-to-date (YTD) despite the Red Sea disruptions from Houthi attacks on shipping vessels.Spot freight rates from China to some European destinations have skyrocketed up to 133%.ZIM Shipping has a 24.79% short interest.5 stocks we like better than ZIM Integrated Shipping ServicesThe Houthi attacks on cargo ships in the Red Sea have caused widespread disruptions and economic ramifications for the transportation sector, with cargo and dry bulk shippin ...
This Is Your Last Chance to Own These 3 Stocks Before Their Value Skyrockets
InvestorPlace· 2024-01-15 11:00
Identifying the next big opportunity can be as elusive as stock market rewards. Identifying the hidden potential within the stock market often demands keen insight and strategic analysis. This article explores three stocks ready to skyrocket with unique catalysts that catapult their value to unprecedented heights.Read more to unpack the layers of their operational strengths, geographic advantages and financial soundness, which provides a glimpse into these stocks’ lucrative prospects. Learn why these stocks ...
Frontline: Still A Buy At The High Price
Seeking Alpha· 2024-01-13 10:14
shaunl Introduction This is my second article on Frontline (NYSE:FRO). It is one of my most significant holdings, and I plan to add even more. The tanker market fundamentals and the Red Sea crisis are strong tailwinds for my thesis. In 3Q23, the company reported a disappointment due to lower day rates 3Q23. The most important is the rise of day rates for Aframax and Suezmax. FRO had contracted for 4Q23 70% of its Aframax and Suezmax ships at 62%/35% higher rates. FRO has a conservative debt repayment sc ...
FRO – Sale of its five oldest VLCCs
Newsfilter· 2024-01-12 21:30
Frontline plc (the "Company" or "Frontline") (NYSE:FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, for an aggregate net sale price of $290 million. The vessels are expected to be delivered to the new owner during the first quarter of 2024. After repayment of existing debt on the vessels, the transaction is expected to generate net cash proceeds of approximately $207 million, and the Company expects to record a gain in th ...
Frontline(FRO) - 2023 Q3 - Quarterly Report
2023-12-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the nine months ended September 30, 2023 Commission File Number: 001-16601 FRONTLINE PLC (Translation of registrant's name into English) John Kennedy, 8 Iris Building, 7th Floor, Flat/Office 740B, 3106, Limassol (Address of principal executive offices) Indicate by check mark whether the registrant files or will file ...
Frontline(FRO) - 2023 Q3 - Earnings Call Transcript
2023-11-30 17:04
Frontline plc (NYSE:FRO) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Jon Chappell - Evercore ISI Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Greg Lewis - BTIG Operator Good day and thank you for standing by. Welcome to the Q3 2023 Frontline plc Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today’s conference is ...