Frontline traded at $56.55 this Thursday October 29th, increasing $1.02 or 1.84 percent since the previous trading session. Looking back, over the last four weeks, Frontline gained 14.78 percent. Over the last 12 months, its price rose by 132.05 percent. Looking ahead, we forecast Frontline to be priced at 51.22 by the end of this quarter and at 46.41 in one year, according to Trading Economics global macro models projections and analysts expectations.
Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. Its tankers segment includes crude oil tankers and product tankers. As of December 31, 2016, the Company's fleet consisted of 28 vessels owned by the Company (seven very large crude carriers (VLCCs), 10 Suezmax tankers and 11 Aframax/LR2 tankers); 13 vessels that are under capital leases (11 VLCCs and two Suezmax tankers); one VLCC that is recorded as an investment in finance lease; four vessels chartered-in for periods of 12 months, including extension options (two VLCCs and two Suezmax tankers); two VLCCs where cost/revenue is split equally with a third party (of which one is chartered-in by it and one by a third party); three medium range product tankers that are chartered-in on short term time charters with a remaining duration of less than two months, and five vessels that are under commercial management (two Suezmax tankers and three Aframax oil tankers).