Somewhat Favorable Press Coverage Somewhat Unlikely to Impact HollyFrontier Corporation (HFC) Stock Price
Press coverage about HollyFrontier Corporation (NYSE:HFC) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. HollyFrontier Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.2882741876975 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- HollyFrontier Corporation (HFC) Expected to Post Quarterly Sales of $3.22 Billion (americanbankingnews.com)
- HollyFrontier Corp. :HFC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017 (finance.yahoo.com)
- HollyFrontier Corporation Announces Appointment of Two Directors to Its Board of Directors (finance.yahoo.com)
- HollyFrontier Corporation (HFC) Price Target Raised to $49.00 at Royal Bank Of Canada (americanbankingnews.com)
- Zacks: Analysts Expect HollyFrontier Corporation (HFC) to Announce $0.45 Earnings Per Share (americanbankingnews.com)
Shares of HollyFrontier Corporation (HFC) opened at $42.07 on Tuesday. The company has a market capitalization of $7,115.74, a P/E ratio of 25.90, a P/E/G ratio of 2.07 and a beta of 1.21. HollyFrontier Corporation has a 52-week low of $22.63 and a 52-week high of $42.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier Corporation’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. equities analysts expect that HollyFrontier Corporation will post 1.94 EPS for the current year.
A number of equities analysts have commented on HFC shares. Cowen and Company reiterated a “hold” rating and issued a $30.00 target price on shares of HollyFrontier Corporation in a report on Tuesday, October 17th. Scotiabank upgraded shares of HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and boosted their target price for the stock from $33.00 to $39.00 in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, October 17th. ValuEngine upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, BidaskClub downgraded shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.89.
HollyFrontier Corporation Company Profile
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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