HollyFrontier Corp (HFC) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media coverage about HollyFrontier Corp (NYSE:HFC) has trended somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HollyFrontier Corp earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned media headlines about the oil and gas company an impact score of 66 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted AlphaOne’s scoring:
- Traders Alert: Comcast Corporation (NASDAQ:CMCSA), Staples, Inc … – Wall Street Times (press release) (wallstreetnews24.com)
- Stocks Roundup – HollyFrontier Corp (NYSE:HFC), Office Depot Inc (NASDAQ:ODP) – Daily News Journal (journalfinance.net)
- HollyFrontier Corp (HFC) Earns Daily News Impact Rating of 0.10 (americanbankingnews.com)
- Marathon Petroleum Stock: Performance ahead of the 1Q17 Earnings (finance.yahoo.com)
- HollyFrontier Corp (HFC) Price Target Raised to $63.00 (americanbankingnews.com)
Several research firms have recently issued reports on HFC. Barclays PLC raised their target price on shares of HollyFrontier Corp from $58.00 to $63.00 and gave the stock a “hold” rating in a report on Monday. Scotiabank set a $29.00 price objective on shares of HollyFrontier Corp and gave the company a “hold” rating in a report on Monday, March 27th. Tudor Pickering lowered shares of HollyFrontier Corp from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Goldman Sachs Group Inc started coverage on shares of HollyFrontier Corp in a report on Monday, February 13th. They set a “sell” rating and a $26.00 price objective for the company. Finally, Credit Suisse Group AG decreased their price objective on shares of HollyFrontier Corp from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, January 26th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. HollyFrontier Corp has an average rating of “Hold” and an average target price of $33.04.
HollyFrontier Corp (NYSE:HFC) traded up 3.84% during midday trading on Friday, hitting $27.88. 3,684,277 shares of the stock traded hands. The company’s 50-day moving average is $27.51 and its 200 day moving average is $28.33. HollyFrontier Corp has a 12-month low of $22.07 and a 12-month high of $37.98. The firm’s market cap is $4.91 billion.
HollyFrontier Corp (NYSE:HFC) last released its quarterly earnings data on Wednesday, February 22nd. The oil and gas company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. HollyFrontier Corp had a negative net margin of 3.40% and a positive return on equity of 3.30%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts anticipate that HollyFrontier Corp will post $1.59 EPS for the current fiscal year.
In other HollyFrontier Corp news, Director Michael Jennings sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $28.40, for a total transaction of $369,200.00. Following the sale, the director now owns 49,727 shares of the company’s stock, valued at $1,412,246.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.
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About HollyFrontier Corp
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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