Last 9.20 NOK
Change Today -0.26 / -2.75%
Volume 306.4K
FRO On Other Exchanges
Symbol
Exchange
New York
London
Oslo
Stockholm
Frankfurt
As of 10:25 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

frontline ltd (FRO) Snapshot

Open
9.58 NOK
Previous Close
9.46 NOK
Day High
9.61 NOK
Day Low
9.11 NOK
52 Week High
01/9/14 - 34.20 NOK
52 Week Low
09/18/14 - 9.11 NOK
Market Cap
914.0M
Average Volume 10 Days
560.9K
EPS TTM
-1.55 NOK
Shares Outstanding
99.3M
EX-Date
05/25/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FRONTLINE LTD (FRO)

frontline ltd (FRO) Related Businessweek News

No Related Businessweek News Found

frontline ltd (FRO) Details

Frontline Ltd., through its subsidiaries, is engaged in the ownership and operation of oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products, as well as raw materials, such as coal and iron ore. Its very large crude carriers (VLCCs) primarily transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port, as well as Suezmax tankers trade in the Atlantic Basin, the Middle East, and Southeast Asia. As of December 31, 2013, the company’s tanker fleet consisted of 33 vessels, including 23 VLCCs and 10 Suezmax tankers. It is also involved in the charter, purchase, and sale of vessels. The company has operations in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom, and Singapore. Frontline Ltd. was founded in 1948 and is based in Hamilton, Bermuda.

96 Employees
Last Reported Date: 03/21/14
Founded in 1948

frontline ltd (FRO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

frontline ltd (FRO) Key Developments

Frontline Ltd. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Records Impairment Loss on Vessels

Frontline Ltd. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss attributable to the company of $78.2 million for the second quarter of 2014, equivalent to a loss per share of $0.81. Net loss attributable to the company was $22.1 million for the second quarter of 2014, when excluding impairment loss of $56.2 million, equivalent to a loss per share of $0.23. Total operating revenues fell to $118.97 million from $121.2 million a year ago. Net loss before tax and non controlling interest was of $78.848 million compared to $120.360 million a year ago. Net loss from continuing operations was of $78.946 million compared to $120.454 million a year ago. Net loss attributable to company was of $78.230 million or $0.81 per basic share compared to $120.277 million or $1.54 per basic share a year ago. Net cash used in operating activities was $0.429 million compared to $17.155 million a year ago. Additions to newbuildings, vessels and equipment was of $42.324 million compared to $0.450 million a year ago. For the six months, the company reported net loss attributable to the company of $90.3 million, equivalent to a loss per share of $0.95. Net loss attributable to the company of $18.4 million, when excluding loss on sale of vessels and impairment loss, equivalent to a loss per share of $0.19. Total operating Revenue was $288.970 million compared to $247.125 million a year ago. Net loss before tax and non controlling interest was of $93.990 million compared to $138.940 million a year ago. Net loss from continuing operations was of $94.158 million compared to $138.940 million a year ago. Net loss attributable to company was of $90.315 million or $0.95 per basic share compared to $139.032 million or $1.79 per basic share a year ago. Net cash provided by operating activities was $20.723 million compared to net cash used in operating activities was of $45.803 million a year ago. Additions to newbuildings, vessels and equipment was of $42.865 million compared to $1.172 million a year ago. The positive development in the tanker market in the third quarter is likely to give an improved operating result (excluding one time gains and losses) in the third quarter of 2014. The company recorded impairment loss on vessels of $81.324 million compared with $56.178 million for the same period last year.

Frontline Seeks Financial Alternatives

Frontline Ltd. (NYSE:FRO) is considering financing alternatives. Frontline board is considering various financing alternatives such as raising equity, selling assets, establishing new loans or refinancing existing arrangements to raise sufficient cash to repay the $190 million convertible bond loan.

Frontline Ltd., Q2 2014 Earnings Call, Aug 28, 2014

Frontline Ltd., Q2 2014 Earnings Call, Aug 28, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FRO:NO 9.20 NOK -0.26

FRO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BW LPG Ltd 84.25 NOK -1.10
d'Amico International Shipping SA €0.45 EUR -0.0073
Euronav NV €9.62 EUR +0.13
Solvang ASA 23.30 NOK 0.00
Tsakos Energy Navigation Ltd $7.00 USD -0.20
View Industry Companies
 

Industry Analysis

FRO

Industry Average

Valuation FRO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FRONTLINE LTD, please visit www.frontline.bm. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.