Somewhat Positive News Coverage Somewhat Unlikely to Impact HollyFrontier Corporation (HFC) Share Price
Press coverage about HollyFrontier Corporation (NYSE:HFC) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HollyFrontier Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.5156629291184 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Investors should hold on Stock: HollyFrontier Corporation (HFC) – Street Observer (press release) (streetobserver.com)
- HollyFrontier Corporation (HFC) Stake Up in Latest Report from Crawford Investment Counsel Inc – Modern Readers (modernreaders.com)
- The HollyFrontier Corporation (NYSE:HFC) Shares Gap Up Following Strong Earnings (overnewsmagazine.com)
- Oil & Gas Stock Roundup: Pioneer & Apache's Q2 Numbers, Genesis Energy's Alkali Buy & More (finance.yahoo.com)
- HollyFrontier Corporation (HFC) Stake Increased by Crawford Investment Counsel Inc – Highlight Press (highlightpress.com)
A number of equities research analysts recently issued reports on the company. BidaskClub cut HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Barclays PLC restated an “overweight” rating and issued a $39.00 price objective (up from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of HollyFrontier Corporation in a research note on Wednesday. Scotiabank upgraded HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.32.
HollyFrontier Corporation (HFC) opened at 28.56 on Friday. The firm’s 50-day moving average price is $28.11 and its 200-day moving average price is $27.67. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $34.78. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 36.24 and a beta of 1.24.
HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 27.4% on a year-over-year basis. On average, equities analysts predict that HollyFrontier Corporation will post $1.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio is currently 167.09%.
About HollyFrontier Corporation
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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