HollyFrontier (HFC) Earning Somewhat Positive Press Coverage, Accern Reports
News headlines about HollyFrontier (NYSE:HFC) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HollyFrontier earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 44.571028737628 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- HollyFrontier Corporation (NYSE: HFC) – Is the Stock Safe to Invest? – Alpha Beta Stock (alphabetastock.com)
- Short Term Technical Analysis: HollyFrontier Corporation (HFC), Knight-Swift Transportation Holdings Inc. (KNX) – Market Movers (financialqz.com)
- Here's Why Shares of HollyFrontier Spiked 20% in November (finance.yahoo.com)
- HollyFrontier (HFC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Whirling Stocks: Pareteum Corporation, (NYSE: TEUM), HollyFrontier Corporation, (NYSE: HFC), Genesis Energy, LP … – Stocks In The News (press release) (tradingnewsnow.com)
HFC has been the subject of several recent analyst reports. Cowen reaffirmed a “hold” rating and issued a $30.00 target price on shares of HollyFrontier in a research note on Tuesday, October 17th. Scotiabank raised shares of HollyFrontier from an “outperform” rating to a “focus stock” rating and upped their target price for the company from $33.00 to $39.00 in a research note on Saturday, September 30th. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, October 17th. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HollyFrontier currently has an average rating of “Hold” and an average price target of $38.59.
Shares of HollyFrontier (NYSE:HFC) traded up $1.59 during mid-day trading on Tuesday, reaching $45.90. 3,391,803 shares of the company’s stock were exchanged, compared to its average volume of 2,805,830. The firm has a market capitalization of $8,150.00, a PE ratio of 28.55, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. HollyFrontier has a 12-month low of $23.46 and a 12-month high of $46.16.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. research analysts expect that HollyFrontier will post 2.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s dividend payout ratio is currently 69.47%.
In other news, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the sale, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.
HollyFrontier 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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