HollyFrontier Corporation (HFC) : Zacks Investment Research ranks HollyFrontier Corporation (HFC) as 4, which is a Sell recommendation. 5 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 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.39, which indicates as a Buy.
HollyFrontier Corporation (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 (NYSE:HFC): The stock opened at $22.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.99 for the day. The stock traded down to $22.07 during the day, due to lack of any buying support eventually closed down at $22.95 with a loss of -0.86% for the day. The stock had closed at $23.15 on the previous day. The total traded volume was 6,554,023 shares.
Also, Morgan Stanley downgrades its rating on HollyFrontier Corporation (NYSE:HFC). The global brokerage major lowers the current price target from $41 per share to $28 per share. Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on June 17, 2016. The company shares have dropped -48.08% 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 27, 2016. The 50-Day Moving Average price is $25.90 and the 200 Day Moving Average price is recorded at $32.47.
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.