Wells Fargo Comments on Bearish Fronline (FRO) Outlook
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Imperial Capital Starts Frontline Ltd. (FRO) at Underperform, $1 Price Target
February 26, 2013 8:38 AM ESTImperial Capital initiates coverage on Frontline Ltd. (NYSE: FRO) with a Underperform. PT $1.00.
The firm comments, "Although the recent financial restructuring has extended FROs runway, we believe crude tanker market fundamentals do not point to a near-term recovery and cash flow sweeps/profit... More
Frontline (FRO) Posts Prelim. Q4 Loss of 21c/Share
February 22, 2013 6:32 AM ESTFrontline (NYSE: FRO) reported Q4 EPS of ($0.21), $0.33 better than the analyst estimate of ($0.54).
The net loss attributable to the Company in the fourth quarter includes a loss on sale of assets and amortization of deferred gains of $2.6 million, which includes an aggregate deferred gain of $3.7 million relating to the sale and leasebacks of DHT Eagle (ex Front Eagle) and Gulf Eyadah (ex Front Shanghai), a gain of $11.2 million on the termination of the lease for the single hull VLCC Ticen Ocean, a loss of $16.5 million on the termination of the lease for Front... More
