Frontline stock price strong volumes accompanied Frontline

Strong volumes accompanied Frontline stock price’s rise to $23.15, hinting at fresh institutional buying. Recent upgrades from major banks have added to momentum in the shipping equities space. . At current levels, NAT stock qualifies for Benzinga’s penny Frontline ( NYSE:FRO - Get Free Report ) last released its earnings results on Friday, August 29th. The shipping company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06). The firm had revenue of $282.95 million for the quarter, compared to analyst estimates of $328.71 million. Frontline had a return on equity of 10.27% and a net margin of 12.94%.The firm's revenue was up 34.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Sell-side analysts anticipate that Frontline will post 1.78 EPS for the current year. Frontline stock price shows resilience at $22.91 amid global equity market turbulence. Technical indicators signal that staying above the $22.50 support zone is key for bullish sentiment.