Short Term Price Target on HollyFrontier Corporation (HFC)

HollyFrontier Corporation (NYSE:HFC) stock is expected to deviate a maximum of $11.49 from the average target price of $35.38 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 $24.

HollyFrontier Corporation has lost 4.15% in the last five trading days and dropped 15.56% in the last 4 weeks. HollyFrontier Corporation has dropped 29.66% during the last 3-month period . Year-to-Date the stock performance stands at -39.12%. Also, Morgan Stanley downgrades their rating on the shares of HollyFrontier Corporation (NYSE:HFC). The current rating of the shares is Underweight. Earlier, the shares were rated a Equal-weight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $28 per share from $41 per share. The rating by the firm was issued on June 17, 2016.

HollyFrontier Corporation (NYSE:HFC) : The consensus on HollyFrontier Corporation (NYSE:HFC) based on 12 analyst recommendation on the company stock is 2.39, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on HollyFrontier Corporation (NYSE:HFC).

HollyFrontier Corporation (NYSE:HFC): The stock opened at $23.96 on Thursday but the bulls could not build on the opening and the stock topped out at $24.03 for the day. The stock traded down to $22.85 during the day, due to lack of any buying support eventually closed down at $23.77 with a loss of -0.79% for the day. The stock had closed at $23.96 on the previous day. The total traded volume was 4,835,094 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Executive Chairman) of Hollyfrontier Corp, Jennings Michael had sold 35,000 shares worth of $1,243,550 in a transaction dated March 29, 2016. In this transaction, 35,000 shares were sold at $35.53 per share.

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.

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