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Frontline call volume above normal and directionally bullish » 12:45
03/30/20
03/30
12:45
03/30/20
12:45
FRO

Frontline

$10.40 /

+1.015 (+10.82%)

Bullish option flow…

Bullish option flow detected in Frontline with 2,474 calls trading, 1.7x expected, and implied vol increasing over 6 points to 127.18%. May-20 10 calls and Apr-20 11 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.27. Earnings are expected on May 14th.

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Over a week ago
Upgrade
Jefferies upgrades Frontline to Buy on strong tanker market » 05:49
03/24/20
03/24
05:49
03/24/20
05:49
FRO

Frontline

$6.71 /

+0.36 (+5.67%)

Jefferies analyst Randy…

Jefferies analyst Randy Giveans upgraded Frontline to Buy from Hold with a price target of $10, down from $12. The analyst expects the tanker market to remain strong throughout 2020, resulting in "substantial" dividend payments. With Frontline shares currently trading at a 35% discount to net asset value, Giveans upgrades the name to Buy. Tanker rates are exceeding expectations as Saudi floods the market with cheap oil, Giveans tells investors in a research note.

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Frontline upgraded to Buy from Hold at Jefferies » 05:09
03/24/20
03/24
05:09
03/24/20
05:09
FRO

Frontline

$6.71 /

+0.36 (+5.67%)

Jefferies analyst Randy…

Jefferies analyst Randy Giveans upgraded Frontline to Buy from Hold with a $10 price target.

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Conference/Events
BTIG oilfield services to hold an analyst/industry conference call » 10:25
03/16/20
03/16
10:25
03/16/20
10:25
FRO

Frontline

$8.09 /

-1.24 (-13.29%)

Oilfield Services…

Oilfield Services Analysts provide an oil tanker market update with Frontline on an Analyst/Industry conference call to be held on March 16 at 11 am hosted by BTIG.

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Conference/Events
BTIG oilfield services to hold an analyst/industry conference call » 04:55
03/16/20
03/16
04:55
03/16/20
04:55
FRO

Frontline

$9.33 /

+0.365 (+4.07%)

Oilfield Services…

Oilfield Services Analysts provide an oil tanker market update with Frontline on an Analyst/Industry conference call to be held on March 16 at 11 am hosted by BTIG.

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Conference/Events
BTIG oilfield services to hold an analyst/industry conference call » 13:18
03/13/20
03/13
13:18
03/13/20
13:18
FRO

Frontline

$8.74 /

-0.225 (-2.51%)

Oilfield Services…

Oilfield Services Analysts provide an oil tanker market update with Frontline on an Analyst/Industry conference call to be held on March 16 at 11 am hosted by BTIG.

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Downgrade
Frontline downgraded to Hold from Buy at DNB Markets » 05:44
03/09/20
03/09
05:44
03/09/20
05:44
FRO

Frontline

$7.05 /

+0.36 (+5.38%)

DNB Markets analyst…

DNB Markets analyst Nicolay Dyvik downgraded Frontline to Hold from Buy with an $8.75 price target.

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Hot Stocks
Frontline announces sale-and-leaseback agreement up to $544M » 07:44
03/06/20
03/06
07:44
03/06/20
07:44
FRO

Frontline

$6.69 /

-0.955 (-12.49%)

Frontline announced that…

Frontline announced that it has signed a sale-and-leaseback agreement in an amount up to $544M with ICBC Financial Leasing. The Lease Financing has a tenor of seven years, carries a rate of LIBOR plus a margin of 230 bps, has an amortization profile of 17.8 years and includes purchase options for Frontline throughout the term with a purchase obligation at the end of the term. The proceeds of the Lease Financing will be used to finance the cash amount payable upon closing of the acquisition of 10 Suezmax tankers built in 2019 under the sale and purchase agreement with a wholly-owned subsidiary of Trafigura Pte Ltd. targeted to take place March 16, 2020.

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Over a month ago
Earnings
Frontline reports Q4 EPS 55c, consensus 69c » 08:49
02/27/20
02/27
08:49
02/27/20
08:49
FRO

Frontline

$7.32 /

+0.16 (+2.23%)

Reports Q4 revenue, net…

Reports Q4 revenue, net voyage expenses, $224M, consensus $254.01M.

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Options
Largest borrow rate increases among liquid names » 08:45
01/29/20
01/29
08:45
01/29/20
08:45
SKT

Tanger Factory

$14.97 /

+0.13 (+0.88%)

, XBIT

XBiotech

$23.06 /

-0.24 (-1.03%)

, ACB

Aurora Cannabis

$1.98 /

+0.095 (+5.05%)

, ADAP

Adaptimmune

$3.94 /

+0.3 (+8.24%)

, AMC

AMC Entertainment

$6.77 /

+0.41 (+6.45%)

, LK

Luckin Coffee

$39.62 /

+2.51 (+6.76%)

, WVE

Wave Life Sciences

$7.53 /

+0.04 (+0.53%)

, APHA

Aphria

$5.00 /

+0.135 (+2.78%)

, TLRY

Tilray

$19.53 /

+1 (+5.40%)

, FRO

Frontline

$10.26 /

-0.245 (-2.33%)

Latest data shows the…

Latest data shows the largest indicative borrow rate increases among liquid option names include: Tanger Factory (SKT) 105.16% +10.16, XBiotech (XBIT) 18.04% +8.78, Aurora Cannabis (ACB) 72.20% +4.38, Adaptimmune (ADAP) 100.47% +3.40, AMC Entertainment (AMC) 60.15% +0.20, Luckin Coffee (LK) 3.88% +0.20, WAVE Life Sciences (WVE) 2.63% +0.19, Aphria (APHA) 44.15% +0.12, Tilray (TLRY) 40.10% +0.11, and Frontline (FRO) 1.03% +0.10.

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