Frontline's second quarter performance has earned disparate reviews from analysts.
The John Fredriksen-backed tanker owner Tuesday reported $1.08m in net earnings for the three months ended 30 June, with most ship classes surpassing break-even rates ahead with the IMO 2020 emissions regulations fast approaching.
The results pushed Jefferies analyst Randy Giveans to bump up his second-half and 2020 earnings per share estimates, while Evercore's Jonathan Chappell held firm.