Analyst Rating Update on HollyFrontier Corporation (HFC)

HollyFrontier Corporation (HFC) : The consensus on HollyFrontier Corporation (HFC) based on 11 analyst recommendation on the company stock is 2.88, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 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 (HFC).

HollyFrontier Corporation (HFC) : The consensus price target for HollyFrontier Corporation (HFC) is $28.75 for the short term with a standard deviation of $3.96. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $24.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Deutsche Bank downgrades its rating on HollyFrontier Corporation (NYSE:HFC). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 12, 2016.


HollyFrontier Corporation (NYSE:HFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.99 and $24.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.66, notching a gain of 4.22% for the day. The total traded volume was 7,903,065 . The stock had closed at $25.58 on the previous day.

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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