FRO - First Quarter 2015 Results
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June 1, 2015 9:00 AM EDT
Evercore ISI upgraded Frontline Ltd. (NYSE: FRO) from Sell to Hold with a price target of $3.00 (from $2.00).
For an analyst ratings summary and ratings history on Frontline Ltd. click here. For more ratings news on Frontline Ltd. click here.
Shares of Frontline Ltd. closed at $2.58 yesterday.
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May 29, 2015 6:08 AM EDT
Frontline (NYSE: FRO) reported Q1 EPS of $0.25, $0.07 better than the analyst estimate of $0.18.
Frontline Ltd. also announced that the Company has entered into a heads of agreement to amend the terms of the long term charter agreements with Ship Finance International Limited (NYSE: SFK) for the remainder of the charter period.
A subsidiary of Frontline has 17 vessels on charter from Ship Finance with an average remaining charter period of 7.7 years. The new agreement will take effect from July 1, 2015 and will reflect a combination of reduced long-term base... More
