Brokerage Firm Rating Update on HollyFrontier Corporation (HFC)

HollyFrontier Corporation (HFC) : Zacks Investment Research ranks HollyFrontier Corporation (HFC) as 5, which is a Strong Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.87, which indicates as a Hold.

HollyFrontier Corporation (HFC) : Average target price received by HollyFrontier Corporation (HFC) is $29.29 with an expected standard deviation of $3.82. The most aggressive target on the stock is $36, whereas the most downbeat target is $25. 7 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Piper Jaffray maintains the rating on HollyFrontier Corporation (NYSE:HFC). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the 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): The stock opened at $24.9 and touched an intraday high of $25.19 on Wednesday. During the day, the stock corrected to an intraday low of $24.65, however, the bulls stepped in and pushed the price higher to close in the green at $25.13 with a gain of 1.21% for the day. The total traded volume for the day was 3,147,053. The stock had closed at $24.83 in the previous trading session.

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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