HollyFrontier Corp.’s “Buy” Rating Reaffirmed at Argus (HFC)
HollyFrontier Corp. (NYSE:HFC)‘s stock had its “buy” rating reiterated by research analysts at Argus in a report released on Wednesday, StockRatingsNetwork reports. They currently have a $56.00 price target on the stock. Argus’ price target points to a potential upside of 32.76% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $42.00 to $45.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $53.00 to $43.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays Capital reiterated a “buy” rating on shares of HollyFrontier Corp. (NYSE:HFC) in a research note to investors on Tuesday, September 10th. They now have a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.18.
Shares of HollyFrontier Corp. (NYSE:HFC) traded up 0.84% during mid-day trading on Wednesday, hitting $42.18. 2,780,159 shares of the company’s stock traded hands. HollyFrontier Corp. has a 1-year low of $36.22 and a 1-year high of $59.20. The stock has a 50-day moving average of $43.53 and a 200-day moving average of $45.9. The company has a market cap of $8.407 billion and a P/E ratio of 5.37.
HollyFrontier Corp. (NYSE:HFC) last announced its earnings results 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. On average, analysts predict that HollyFrontier Corp. will post $4.71 earnings per share for the current fiscal year.
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.