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What to Know before Frontline's 2Q17 Results

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Part 4
What to Know before Frontline's 2Q17 Results PART 4 OF 4

Frontline on the Street: Analysts Recommendations before the 2Q17 Results

Frontline before the 2Q17 results

We’ve already looked at what Wall Street analysts are estimating for Frontline’s (FRO) revenue and EBITDA for 2Q17 and fiscal 2017. Now let’s look at what analysts are recommending for Frontline and other crude (DBO) tanker companies.

Frontline on the Street: Analysts Recommendations before the 2Q17 Results

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Analysts’ recommendations

Of the five analysts covering Frontline, none of the analysts recommend a “strong buy,” while one analyst recommends a “buy.” Notably, 60% or three analysts give a “hold” rating to Frontline. The remaining analyst gives the stock a “sell.” None of the analysts recommend “strong sell” for the stock.

In 2017, only one analyst has revised its recommendation for Frontline. In July 2017, Evercore downgraded Frontline to “underperform” from “inline.”

The 12-month consensus target price for Frontline is $6. Compared to the current market price of $5.45 on August 23, this target price implies a potential upside of $10.9%.

Recommendations for FRO’s peers

Nordic American Tankers (NAT) is covered by nine analysts. About 55% of them give the company a “hold” recommendation, while 22% give it a “sell,” and 22% give it a “strong sell.”

Teekay Tankers (TNK) is covered by ten analysts. None of the analysts give a “strong buy,” but 30% of the analysts give a “buy,” and 50% of the analysts recommend a “hold.” The remaining 20% analysts give a “sell” recommendation.

Of the 15 analysts covering DHT Holdings (DHT), 7% give it a “strong buy,” and 40% give the stock “buy” recommendation, while 53% of the analysts recommend a “hold.”

Of the four analysts covering Navios Maritime Midstream Partners (NAP), 75% give it a “hold” recommendation, and 25% give it a “sell.”

Gener8 Maritime (GNRT) is covered by seven analysts. Of these, 28% give the stock a “strong buy,” and 43% give “buy” recommendation, while 29% give it a “hold.”

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