Frontline Ltd. (FRO) was a big mover last session, as the company saw its shares rise roughly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 33.6% since Nov 26, 2014.
The company has seen 2 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 this recent jump can turn into more strength down the road.
Frontline currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some better-ranked shipping stocks include Nordic American Tankers Limited (NAT), Danaos Corporation (DAC) and Capital Product Partners L.P. (CPLP). All these stocks carry a Zacks Rank #2 (Buy).
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FRONTLINE LTD (FRO): Free Stock Analysis Report
NORDIC AMERICAN TANKER (NAT): Free Stock Analysis Report
CAPITAL PRODUCT PARTNERS LP (CPLP): Free Stock Analysis Report
DANAOS CORP (DAC): Free Stock Analysis Report
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