FRO - Third Quarter and Nine Months 2015 Results
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Credit Suisse Upgrades Frontline Ltd. (FRO) to Neutral
November 25, 2015 6:36 AM ESTCredit Suisse upgraded Frontline Ltd. (NYSE: FRO) from Underperform to Neutral with a price target of $4.00 (from $2.00).
Analyst G. Lewis commented, "We are upgrading to Neutral (from Underperform) and increasing our TP to $4 (from $2). Next week the FRO and Frontline 2012 merger... More
Frontline (FRO) Tops Q3 EPS by 1c
November 24, 2015 6:08 AM ESTFrontline (NYSE: FRO) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08.
Fleet Development
As of September 30, 2015, Frontline's fleet consisted of 14 VLCC and eight Suezmax tankers with an aggregate carrying capacity of 5.4 million dwt. Of these, two Suezmax tankers are owned by the Company and the remaining 20 vessels are chartered in from third parties. Additionally, the Company has 6 VLCCs, eight Suezmax tankers, 10 LR2 Aframax tankers, and 15 MR2 Handysize tankers under commercial management.
The majority of the Company's leased vessels are leased from Ship Finance International Ltd. ("Ship Finance") under long term... More
