The oil tanker shipping company released its first quarter 2015 earnings results early Friday.
Additionally, it announced that it has entered into a new agreement with Ship Finance International (SFL) to reduce its costs, giving the U.S. company a 27.7% stake in Frontline, according to Reuters.
Ship Finance was spun off from Frontline in 2004, and is also controlled by shipping tycoon John Fredriksen.
Bermuda-based Frontline is a shipping company engaged primarily in the ownership and operation of oil tanker.
The company operates oil tankers through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the U.K., and Singapore.
Frontline's principal focus is the transportation of crude oil and its related refined dirty petroleum cargoes for oil companies and oil trading companies.
Separately, TheStreet Ratings team rates FRONTLINE LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate FRONTLINE LTD (FRO) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
You can view the full analysis from the report here: FRO Ratings Report