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Last 175.00 GBp
Change Today 0.00 / 0.00%
Volume 0.0
FRO On Other Exchanges
Symbol
Exchange
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As of 4:00 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

frontline ltd (FRO) Snapshot

Open
175.00 GBp
Previous Close
175.00 GBp
Day High
175.00 GBp
Day Low
175.00 GBp
52 Week High
01/13/15 - 325.00 GBp
52 Week Low
11/25/14 - 75.00 GBp
Market Cap
240.5M
Average Volume 10 Days
2.4K
EPS TTM
--
Shares Outstanding
137.4M
EX-Date
05/25/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FRONTLINE LTD (FRO)

frontline ltd (FRO) Related Businessweek News

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frontline ltd (FRO) Details

Frontline Ltd., a shipping company, through its subsidiaries, owns and operates oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products. Its very large crude carriers (VLCCs) primarily transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port, as well as Suezmax tankers trade in the Atlantic Basin, the Middle East, and Southeast Asia. As of December 31, 2014, the company’s tanker fleet consisted of 22 vessels, including 14 VLCCs and 8 Suezmax tankers. It is also involved in the charter, purchase, and sale of vessels. The company has operations in the Bahamas, Bermuda, the Cayman Islands, India, the Philippines, the Isle of Man, Liberia, Norway, the United Kingdom, and Singapore. Frontline Ltd. was founded in 1948 and is based in Hamilton, Bermuda.

118 Employees
Last Reported Date: 03/16/15
Founded in 1948

frontline ltd (FRO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

frontline ltd (FRO) Key Developments

Frontline Ltd. Announces Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015

Frontline Ltd. announced consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $134.777 million against $118.972 million a year ago. Net operating income was $33.007 million against loss of $65.548 million a year ago. Net income before tax and non-controlling interest was $17.496 million against loss of $78.848 million a year ago. Net income attributable to company was $17.370 million or $0.11 per basic share against loss of $78.230 million or $0.81 per basic share a year ago. The decrease in results from operations in the second quarter is mainly explained by an increase in drydocking expenses by $5.9 million, partly offset by a decrease in running expenses of $900,000. For the six months, the company reported total operating revenues of $279.154 million against $288.970 million a year ago. Net operating income was $72.491 million against loss of $59.969 million a year ago. Net income before tax and non-controlling interest was $48.717 million against loss of $93.990 million a year ago. Net income attributable to company was $48.494 million or $0.35 per basic share against loss of $90.315 million or $0.95 per basic share a year ago. For the quarter, the company’s average daily time charter equivalents (TCEs) earned in the spot and period market in the second quarter by the company's VLCCs and Suezmax tankers were $50,600 and $33,800 compared with $49,400 and $33,100 in the previous quarter. The spot earnings for the company's VLCCs and Suezmax vessels were $53,600 and $38,000 compared with $52,200 and $35,000 in the preceding quarter. Bunkers in Rotterdam averaged $326/mt in the second quarter of 2015 compared to $280/mt in the first quarter of 2015. The average daily TCEs earned in the spot and period market in the six months ended June 30, 2015 by the company's VLCCs and Suezmax tankers were $50,000 and $33,400, respectively, compared with $23,400 and $19,800, respectively, in the six months ended June 30, 2014. The spot earnings for the company's VLCCs and Suezmax vessels were $52,800 and $36,400, respectively, in the six months ended June 30, 2015 compared with $22,600 and $19,800, respectively, in the six months ended June 30, 2014.

Frontline Ltd., Q2 2015 Earnings Call, Aug 26, 2015

Frontline Ltd., Q2 2015 Earnings Call, Aug 26, 2015

Frontline Ltd. Announces Termination of Charter-In Contract of Front Glory

Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter for the 1995 built Suezmax tanker Front Glory. Ship Finance has simultaneously sold the vessel to an unrelated third party. The charter with Ship Finance is expected to terminate at the end of the third quarter of 2015. Frontline will receive a compensation payment of approximately $2.2 million from Ship Finance for the termination of the current charter.

 

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FRO Competitors

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Company Last Change
Ardmore Shipping Corp $10.98 USD -0.12
d'Amico International Shipping SA €0.74 EUR +0.02
Eusu Holdings Co Ltd 9,000 KRW +50.00
Gulfmark Offshore Inc $8.07 USD -0.13
TAL International Group Inc $17.30 USD +0.26
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Industry Analysis

FRO

Industry Average

Valuation FRO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.4x
Price/Cash Flow 7.1x
TEV/Sales NM Not Meaningful
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