HollyFrontier Corp. Stock Rating Upgraded by Howard Weil (HFC)
HollyFrontier Corp. (NYSE:HFC) was upgraded by analysts at Howard Weil from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $47.00 price objective on the stock, up from their previous price objective of $41.00. Howard Weil’s target price suggests a potential upside of 10.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of HollyFrontier Corp. from $55.00 to $48.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Separately, analysts at Imperial Capital downgraded shares of HollyFrontier Corp. from an “outperform” rating to an “in-line” rating in a research note to investors on Monday, October 7th. They now have a $41.00 price target on the stock, down previously from $49.00. Finally, analysts at Oppenheimer downgraded shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. HollyFrontier Corp. has a consensus rating of “Hold” and a consensus price target of $52.73.
HollyFrontier Corp. (NYSE:HFC) traded up 1.60% during mid-day trading on Tuesday, hitting $43.17. 2,551,799 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’s 50-day moving average is $42.6 and its 200-day moving average is $45.30. The company has a market cap of $8.605 billion and a P/E ratio of 5.45.
HollyFrontier Corp. (NYSE:HFC) last posted its quarterly 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 $4.40 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.
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