HollyFrontier Corp (HFC) Releases Quarterly Earnings Results, Misses Estimates By $0.39 EPS
HollyFrontier Corp (NYSE:HFC) posted its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.28 by $0.39, AnalystRatings.NET reports. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $4.73 billion.
A number of research firms have recently commented on HFC. Analysts at Citigroup Inc. upgraded shares of HollyFrontier Corp from a “sell” rating to a “neutral” rating in a research note on Friday, July 11th. They now have a $40.00 price target on the stock, down previously from $42.00. On a related note, analysts at Macquarie upgraded shares of HollyFrontier Corp from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. Finally, analysts at Wells Fargo & Co. upgraded shares of HollyFrontier Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 9th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. HollyFrontier Corp has an average rating of “Hold” and a consensus price target of $52.67.
Shares of HollyFrontier Corp (NYSE:HFC) opened at 45.81 on Wednesday. HollyFrontier Corp has a 52-week low of $39.65 and a 52-week high of $53.42. The stock has a 50-day moving average of $45.52 and a 200-day moving average of $47.50. The company has a market cap of $9.077 billion and a price-to-earnings ratio of 16.75.
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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