|Bid||5.98 x 2200|
|Ask||5.99 x 1100|
|Day's Range||5.82 - 6.01|
|52 Week Range||3.79 - 6.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (10.45%)|
|1y Target Est||5.10|
The tanker group as a whole is "uniquely positioned" to take advantage of a likely increase in oil production and potentially significant IMO 2020 tailwinds, according to Wells Fargo. The Analyst ...
Stock Research Monitor: FRO, GLOG, and NMM LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want a free Stock Review on NNA sign up now at www.wallstequities.com/registration . This morning, WallStEquities.com ...
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 22, which ended on June 1, the BDTI dropped from 781 to 754. In week 21, the index rose by 67 points. The index shows the direction that crude tanker rates are heading. The index has risen ~8% since the beginning of the year.
Frontline Ltd positive outlook for the year has to do with the number of VLCC oil tankers that are being scrapped. The company notes that 22 VLCCs have been scrapped already in 2018. Frontline Ltd says that owners of older tonnage are disposing of older vessels at record rates due to high scrap prices and low demand for oil tankers.
The company achieved a spot TCE (time charter equivalent) of $14,99 per day for VLCCs (very large crude carriers). Teekay Tankers’ (TNK) first-quarter revenue was $88.4 million—12% lower year-over-year. In the first quarter, Frontline took delivery of three newbuilds—one VLCC and two LR2 tankers.
Please find enclosed the presentation of Frontline Ltd.' s preliminary first quarter 2018 results to be held on the webcast/ conference call 31 May, 2018 at 15:00 CET. This information is subject to the ...
The Hamilton, Bermuda-based company said it had a loss of 8 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for ...
Frontline Ltd., today reported unaudited results for the three months ended March 31, 2018: Highlights. Reports net loss attributable to the Company and net loss attributable to the Company adjusted for ...
As we saw in the previous part of this series, analysts expect a 30% YoY (year-over-year) fall in Frontline’s (FRO) first-quarter revenues. In this part of the series, we’ll see what analysts expect for Frontline’s EBITDA for the first quarter and for the fiscal year.
We’ve already looked at what analysts expect for Frontline’s (FRO) revenues and EBITDA. Now, let’s look at what analysts recommend for Frontline and its peers.
Wall Street analysts estimate net revenues of $85.2 million for Frontline (FRO) in the first quarter. A sequential fall from $178.5 million in the previous quarter and a 30% fall from $121.9 million in the first quarter of 2017.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 20, which ended on May 18, the BDTI rose from 657 to 714. In week 19, the index rose by seven points. The index shows the direction that crude tanker rates are heading. The index has risen ~2.0% since the beginning of the year.
Frontline Ltd.' s preliminary first quarter 2018 results will be released on Thursday May 31 2018 and a webcast and conference call will be held at 3:00 p.m. CET. The results presentation will be available ...
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 19, which ended on May 11, the BDTI rose to 657 from 650. In week 18, the index dropped by five points. The index shows the direction that crude tanker rates are heading. The index has fallen ~6.0% since the beginning of the year.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 17, which ended on April 27, the BDTI rose from 637 to 655. In week 16, the index fell by 3 points. The index shows the direction that crude tanker rates are heading. The index has fallen ~6% since the beginning of 2018.
In this part, we’ll discuss what Euronav (EURN) said about the crude tanker industry in its 1Q18 conference call. The outlook will help us assess the future for Euronav and other crude tanker companies including Teekay Tankers (TNK), Tsakos Energy Navigation (TNP), DHT Holdings (DHT), Frontline (FRO), Navios Maritime Midstream Partners (NAP), and Nordic American Tankers (NAT).
Euronav (EURN) and Gener8 Maritime Partners’ (GNRT) merger should will close towards the end of 2Q18—subject to Gener8 shareholders’ vote. The merger will require approval from most of Gener8 Maritime Partners’ shareholders. If the deal is terminated under certain circumstances, Gener8 Maritime Partners might be required to pay $39 million as a termination fee to Euronav.
Euronav announced its 1Q18 results on April 25. Euronav’s (EURN) revenues and EBITDA (earnings before interest, tax, depreciation, and amortization) fell YoY (year-over-year) in 1Q18.
Of the 14 analysts that gave recommendations on DHT Holdings, 71% are bullish on the stock—two analysts gave a “strong buy” recommendation, while eight analysts gave a “buy” recommendation. Four analysts gave a “hold” recommendation for DHT Holdings. None of the analysts recommended a “strong sell” or “sell” for DHT Holdings. Target price