HollyFrontier Corporation (HFC) Receives ‘Analyst’ Rating

HollyFrontier Corporation (HFC) has an average broker rating of 2.87, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

HollyFrontier Corporation (HFC) : The highest short term price target forecast on HollyFrontier Corporation (HFC) is $36 and the lowest target price is $25. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $29.29 with a standard deviation of $3.82.


Also, In a research note released to the investors, Piper Jaffray maintains its rating on HollyFrontier Corporation (NYSE:HFC).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Piper Jaffray raises the new price target from $24 per share to $27 per share. The rating by the firm was issued on August 22, 2016.

HollyFrontier Corporation (NYSE:HFC): After opening at $24.12, the stock dipped to an intraday low of $24.12 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.74 and the buying power remained strong till the end. The stock closed at $25.28 for the day, a gain of 4.81% for the day session. The total traded volume was 7,113,515. The stocks close on the previous trading day was $24.12.

HollyFrontier Corporation is an independent petroleum refiner in the United States. The Company produces refined products, such as gasoline, diesel fuel, jet fuel, lubricant products, and specialty and modified asphalt. The Company operates through two segments, namely, Refining and HEP. The Refining segment includes the operations of its El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries, and NK Asphalt Partners (NK Asphalt). The Companys refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Companys subsidiary Holly Energy Partners, L.P. (HEP). HEP is a limited partnership that acquires, owns and operates of the refined product pipeline and terminalling assets that support the refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.