Frontline Ltd. (FRO) was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.26 to $2.86 in the past one-month time frame.
The company has seen four positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Frontline. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Frontline currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, some better-ranked shipping stocks include Navios Maritime Holdings Inc. (NM), Euroseas, Ltd. (ESEA) and Global Ship Lease, Inc. (GSL). While Navios Maritime Holdings sports a Zacks Rank #1 (Strong Buy), Euroseas and Global Ship Lease have a Zacks Rank #2 (Buy).
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FRONTLINE LTD (FRO): Free Stock Analysis Report
NAVIOS MARITIME HOLDINGS INCMARS (NM): Free Stock Analysis Report
EUROSEAS LTD MARSHALL ISLANDS (ESEA): Free Stock Analysis Report
GLOBAL SHIP LEASE INC (GSL): Free Stock Analysis Report
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