Somewhat Favorable Press Coverage Extremely Likely to Impact HollyFrontier Corporation (HFC) Share Price

Media headlines about HollyFrontier Corporation (NYSE:HFC) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HollyFrontier Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

HFC has been the subject of several recent research reports. Scotiabank set a $29.00 price objective on HollyFrontier Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Zacks Investment Research downgraded HollyFrontier Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Piper Jaffray Companies reissued a “neutral” rating on shares of HollyFrontier Corporation in a research report on Thursday, May 25th. Barclays PLC increased their target price on shares of HollyFrontier Corporation from $58.00 to $63.00 and gave the company a “hold” rating in a research report on Monday, April 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $37.00 target price on shares of HollyFrontier Corporation in a research report on Thursday, June 15th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. HollyFrontier Corporation has a consensus rating of “Hold” and a consensus target price of $32.41.

Shares of HollyFrontier Corporation (NYSE:HFC) traded down 1.81% during trading on Friday, hitting $28.25. The company had a trading volume of 2,028,103 shares. The firm’s market capitalization is $4.96 billion. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78. The company’s 50 day moving average is $27.08 and its 200 day moving average is $27.70.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. HollyFrontier Corporation had a positive return on equity of 1.37% and a negative net margin of 2.82%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $0.12 earnings per share. HollyFrontier Corporation’s revenue for the quarter was up 52.6% on a year-over-year basis. Analysts anticipate that HollyFrontier Corporation will post $1.11 earnings per share for the current fiscal year.

WARNING: This story was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/07/29/somewhat-favorable-media-coverage-extremely-likely-to-impact-hollyfrontier-corporation-hfc-share-price-updated-updated-updated.html.

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).

Insider Buying and Selling by Quarter for HollyFrontier Corporation (NYSE:HFC)

Receive News & Ratings for HollyFrontier Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply