HollyFrontier Corp (NYSE: HFC) was upgraded by UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $35.00 price target on the stock. The analysts noted that the move was a valuation call.
HFC has been the subject of a number of other recent research reports. Analysts at Dahlman Rose initiated coverage on shares of HollyFrontier Corp in a research note to investors on Thursday, April 26th. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) downgraded shares of HollyFrontier Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, March 29th. They now have a $40.00 price target on the stock. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of HollyFrontier Corp from an “outperform” rating to an “underperform” rating in a research note to investors on Monday, March 26th.
Shares of HollyFrontier Corp traded down 1.02% during mid-day trading on Friday, hitting $29.18. HollyFrontier Corp has a 52 week low of $21.13 and a 52 week high of $38.90. The company has a market cap of $6.034 billion and a P/E ratio of 4.61.
HollyFrontier Corp last issued its quarterly earnings data on Monday, May 7th. The company reported $1.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.23 by $0.07. HollyFrontier Corp’s revenue was up 112.0% compared to the same quarter last year. On average, analysts predict that HollyFrontier Corp will post $1.57 earnings per share next quarter.
HollyFrontier Corporation, formerly Holly Corporation, is an independent petroleum refiner that produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.