HollyFrontier Corporation (NYSE:HFC) stock is expected to deviate a maximum of $11.22 from the average target price of $35.63 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $53 and the most muted being $25.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Morgan Stanley downgrades the rating on HollyFrontier Corporation (NYSE:HFC). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency lowers the price target from $41 per share to $28 per share. The rating by the firm was issued on June 17, 2016.
HollyFrontier Corporation (NYSE:HFC): stock turned positive on Thursday. Though the stock opened at $24.61, the bulls momentum made the stock top out at $24.83 level for the day. The stock recorded a low of $24.45 and closed the trading day at $24.8, in the green by 2.23%. The total traded volume for the day was 3,304,127. The stock had closed at $24.26 in the previous days trading.
The company shares have dropped -41.57% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $54.73 and the one year low was seen on Jun 21, 2016. The 50-Day Moving Average price is $27.17 and the 200 Day Moving Average price is recorded at $33.79. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Jennings Michael, director officer (Executive Chairman) of Hollyfrontier Corp, had unloaded 35,000 shares at an average price of $35.53 in a transaction dated on March 29, 2016. The total value of the transaction was worth $1,243,550.
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.