Imperial Capital Starts Frontline Ltd. (FRO) at Underperform, $1 Price Target
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Wells Fargo Comments on Bearish Fronline (FRO) Outlook
February 25, 2013 10:02 AM ESTOn Friday Fronline (NYSE: FRO) warned about difficulties in the tanker business and said that it may have to restructure its business in order to repay debt that is due on April of 2015.
Commenting on the news, analyst Michael Webber of... 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

