HollyFrontier Corporation (HFC) Scheduled to Post Earnings on Wednesday
HollyFrontier Corporation (NYSE:HFC) will be releasing its earnings data before the market opens on Wednesday, November 1st. Analysts expect HollyFrontier Corporation to post earnings of $0.65 per share for the quarter.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, analysts expect HollyFrontier Corporation to post $1.77 EPS for the current fiscal year and $2.27 EPS for the next fiscal year.
HollyFrontier Corporation (NYSE HFC) opened at 36.40 on Wednesday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 46.19 and a beta of 1.23. HollyFrontier Corporation has a 52 week low of $22.63 and a 52 week high of $37.00. The stock’s 50 day moving average price is $34.73 and its 200 day moving average price is $29.40.
Several research analysts have commented on the company. Cowen and Company reaffirmed a “hold” rating and set a $30.00 target price on shares of HollyFrontier Corporation in a report on Tuesday, October 17th. Scotiabank raised HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and lifted their target price for the stock from $33.00 to $39.00 in a report on Saturday, September 30th. Zacks Investment Research raised HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, October 17th. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Barclays PLC lifted their target price on HollyFrontier Corporation from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and two have 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 $34.62.
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About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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