HollyFrontier (HFC) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for HollyFrontier (NYSE: HFC):

  • 1/24/2018 – HollyFrontier is now covered by analysts at Jefferies Group LLC. They set an “underperform” rating and a $40.00 price target on the stock.
  • 1/19/2018 – HollyFrontier was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. We also expect improving refining outlook to buoy the company’s bottom line in the near future. All these factors are also refleced in the company's solid earnings estimate revisions for the current year and impressive price performance. Consequently, we think HollyFrontier offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 1/16/2018 – HollyFrontier was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating.
  • 1/10/2018 – HollyFrontier had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $65.00 price target on the stock.
  • 1/3/2018 – HollyFrontier is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $51.00 price target on the stock.
  • 1/2/2018 – HollyFrontier was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. However, HollyFrontier has been bogged down by lingering issues pertaining to the refining margins, plus cost escalation associated with maintenance downtime and unplanned refinery shutdowns. As it is, we remain wary of the continued pressure on HollyFrontier's top line. Last but not the least, the U.S. refiners are feeling the pinch of higher RFS costs to comply with new cleaner gasoline production rules. Given these factors, we see HFC as a stock that ordinary investors should hold.”
  • 12/31/2017 – HollyFrontier was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/22/2017 – HollyFrontier was downgraded by analysts at Howard Weil from a “focus list” rating to an “outperform” rating.
  • 12/13/2017 – HollyFrontier was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. Finally, we expect improving refining outlook to buoy the company’s bottom line in the fourth quarter of 2017. Consequently, we think HollyFrontier offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 12/8/2017 – HollyFrontier had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $38.00 price target on the stock, up previously from $35.00.
  • 12/8/2017 – HollyFrontier was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 12/5/2017 – HollyFrontier was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. However, HollyFrontier has been bogged down by lingering issues pertaining to the refining margins, plus cost escalation associated with maintenance downtime and unplanned refinery shutdowns. As it is, we remain wary of the continued pressure on HollyFrontier's top line. Last but not the least, the U.S. refiners are feeling the pinch of higher RFS costs to comply with new cleaner gasoline production rules. Given these factors, we see HFC as a stock that ordinary investors should hold.”

HollyFrontier Corp (NYSE:HFC) traded down $1.99 during trading on Monday, hitting $46.82. The company’s stock had a trading volume of 3,276,303 shares, compared to its average volume of 2,220,000. The company has a market cap of $8,300.00, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. HollyFrontier Corp has a 52-week low of $23.46 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.

HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. HollyFrontier’s revenue for the quarter was up 30.6% on a year-over-year basis. sell-side analysts expect that HollyFrontier Corp will post 2.42 earnings per share for the current fiscal year.

In related news, CAO John W. Gann, Jr. sold 2,000 shares of the stock in a transaction on Saturday, November 10th. The stock was sold at an average price of $41.96, for a total value of $83,920.00. Following the completion of the sale, the chief accounting officer now directly owns 35,705 shares of the company’s stock, valued at approximately $1,498,181.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James M. Stump sold 30,000 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $51.21, for a total value of $1,536,300.00. The disclosure for this sale can be found here. Insiders have sold 82,649 shares of company stock worth $4,062,308 over the last ninety days. 0.51% of the stock is owned by insiders.

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).

Receive News & Ratings for HollyFrontier Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply