HollyFrontier Corp. Given “Buy” Rating at Barclays Capital (HFC)
HollyFrontier Corp. (NYSE:HFC)‘s stock had its “buy” rating reiterated by analysts at Barclays Capital in a research report issued to clients and investors on Tuesday, AR Network reports. They currently have a $85.00 price target on the stock. Barclays Capital’s target price indicates a potential upside of 98.32% from the stock’s previous close.
Shares of HollyFrontier Corp. (NYSE:HFC) traded up 0.07% during mid-day trading on Tuesday, hitting $42.86. The stock had a trading volume of 2,733,547 shares. HollyFrontier Corp. has a 52 week low of $35.8259 and a 52 week high of $58.5559. The stock’s 50-day moving average is $44.5 and its 200-day moving average is $47.10. The company has a market cap of $8.543 billion and a price-to-earnings ratio of 5.50.
HollyFrontier Corp. (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.14. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that HollyFrontier Corp. will post $5.01 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HFC. Analysts at Credit Suisse cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) to $55.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley downgraded shares of HollyFrontier Corp. (NYSE:HFC) from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Cowen and Company raised their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $45.00 to $47.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock.
One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.30.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, September 4th.
HollyFrontier Corporation (NYSE:HFC), formerly Holly Corporation, is a petroleum refiner, which produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.