6.46 0.00 (0.00%)
After hours: 5:07PM EDT
|Bid||6.00 x 800|
|Ask||6.63 x 4000|
|Day's Range||6.43 - 6.65|
|52 Week Range||3.79 - 6.80|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.10|
The CEOs of the world's largest oil trading houses issued their crude oil estimates during the Oil & Money conference in London this week. According to these executives, crude will trade between $65 and $100 per barrel in 2019, with the price primarily driven by U.S. sanctions on Iran and the relevant crude oil exports. Trafigura CEO Jeremy Weir has been saying since late September that he wouldn't be surprised to see oil trading beyond $100 per barrel in 2019.
The International Energy Administration just reported in its Oil Market Report that third-quarter global oil and liquids production has reached 100.3 million barrels a day as the world continues its insatiable demand for energy commodities without any signs of a slowdown -- despite sanctions, trade wars and other geopolitical standoffs. According to the IEA, the surge in production has been driven by the U.S. shale revolution and supported by big increases in Brazil, Canada and elsewhere. In the future, the IEA sees that additional supply could potentially come from places like Iran, Iraq, Libya, Nigeria and Venezuela, if their various challenges can be overcome, although we remain skeptical about those particular sources in the near term.
As we approach the deadline for U.S. sanctions on Iran to kick in on Nov. 4, we are seeing large consuming countries like India, the world's third-largest importer, continuing to buy Iranian crude oil as they seek options to bypass the sanctions. Amid sanctions and ongoing trade wars, the U.S. is rerouting the flow of crude oil tankers, providing a boost to shares of Frontline Ltd. , one of the largest crude oil tankers, as the loss of Iranian crude oil means tankers are taking longer routes to haul the commodity to Asia.
A look at the shareholders of Frontline Ltd (NYSE:FRO) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders Read More...
Frontline Ltd. ("Frontline" or the "Company") announces that Ulrika Laurin and James O'Shaughnessy have in a board meeting after the AGM today been elected as new board members in the Company to fill vacancies on the Board. Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an international ship-management company.
Frontline Ltd. advises that the 2018 Annual General Meeting of the Shareholders of the Company was held on September 21, 2018 at 10:00 ADT at the Hamilton Princess Hotel and Beach Club, 76 Pitts Bay Road, ...
NEW YORK, Sept. 11, 2018-- Capital Link’ s 11th Annual Shipping & Marine Services Forum will take place on Tuesday, September 25, 2018 at The Royal Society in London.. It is organized in partnership with ...
Please find enclosed the presentation of Frontline Ltd.' s second quarter 2018 results to be held on the webcast/ conference call 22 August, 2018 at 15:00 CET.
Frontline (FRO) delivered earnings and revenue surprises of 23.81% and 24.12%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / August 22, 2018 / Frontline Ltd. (NYSE: FRO ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 22, 2018 at 9:00 AM Eastern Time. To listen ...
The Hamilton, Bermuda-based company said it had a loss of 13 cents per share. Losses, adjusted for non-recurring gains, were 16 cents per share. The results beat Wall Street expectations. The average estimate ...
Frontline Ltd., today reported unaudited results for the three and six months ended June 30, 2018:. Net loss attributable to the Company for the second quarter of 2018 of $22.9 million, or $0.13 per share ...
Frontline Ltd.' s preliminary second quarter 2018 results will be released on Wednesday August 22 2018 and a webcast and conference call will be held at 3:00 p.m. CET. The results presentation will be ...
Investors need to pay close attention to Frontline (FRO) stock based on the movements in the options market lately.
Frontline Ltd. announces that its 2018 Annual General Meeting will be held on September 21, 2018. A copy of the Notice of Annual General Meeting and associated information including the Company's Annual ...
As renewed Iran-focused, energy-related sanctions come into place in November, the major question for investors is how the energy sector stands to win. This week Swiss-based Trafigura Pte, one of the largest crude oil traders in the world, submitted plans to build the first deep water crude oil export terminal in Corpus Christi, Texas, to allow crude oil super tankers, Very Large Crude Carriers (VLCC), to load crude at the port reducing costs and inefficiencies.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.
In week 30, the week ending July 27, Evercore downgraded one crude tanker company and revised other companies’ target prices.
We have analyzed the weekly U.S. crude production figures reported by the Energy Information Administration, which have averaged an all-time record 11 million barrels a day for the past two weeks -- a 16% boom since early January. As a result we are building a bullish view on midstream infrastructure investments. To date, the U.S. has passed Russia to become the largest crude oil producer in the world, and the future is even brighter for the U.S. oil industry as the shale sector as a whole is on track to achieve positive free cash flow in 2018, according to the International Energy Agency.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 30, the week ending July 27, the BDTI rose to 759 from 723. The BDTI has risen ~8.4% in 2018. Investors should compare the BDTI’s YoY (year-over-year) performance because the industry is seasonal. At the same time last year, the index was 16% higher at ~648. In week 30, the BDTI fell by 21 points.
China released its June auto sales data on July 11. In June, China’s automobile sales rose 4.8% YoY (year-over-year) to 2.27 million. In May, China’s vehicle sales rose 9.6%, while its sales in April rose 11.5%. China’s automobile sales rebounded steadily after they fell more than 11% in February. Automobile sales are a key indicator for assessing China’s economic (FXI) health.