Frontline (FRO) Receives a Buy from BTIG
In a report released today, Gregory Lewis from BTIG reiterated a Buy rating on Frontline, with a price target of $30.00.
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According to TipRanks, Lewis is a 5-star analyst with an average return of 18.9% and a 52.33% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, DHT Holdings, and National Energy Services Reunited.
In addition to BTIG, Frontline also received a Buy from Evercore ISI’s Jonathan Chappell in a report issued on October 28. However, on November 4, Kepler Capital maintained a Sell rating on Frontline (NYSE: FRO).
Based on Frontline’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $480.08 million and a net profit of $77.54 million. In comparison, last year the company earned a revenue of $556.03 million and had a net profit of $187.57 million
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