HollyFrontier Forecasted to Earn Q3 2018 Earnings of $1.39 Per Share (HFC)

HollyFrontier (NYSE:HFC) – Analysts at US Capital Advisors boosted their Q3 2018 EPS estimates for shares of HollyFrontier in a research report issued on Monday, April 16th. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings of $1.39 per share for the quarter, up from their prior forecast of $1.25. US Capital Advisors also issued estimates for HollyFrontier’s Q4 2018 earnings at $0.82 EPS and FY2019 earnings at $3.80 EPS.

How to Become a New Pot Stock Millionaire

A number of other equities analysts also recently issued reports on the company. Howard Weil downgraded HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research note on Tuesday, February 13th. Jefferies Group initiated coverage on HollyFrontier in a research note on Wednesday, January 24th. They set an “underperform” rating and a $40.00 price target for the company. Macquarie upgraded HollyFrontier from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group began coverage on HollyFrontier in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $46.12.

HFC stock opened at $58.03 on Tuesday. The stock has a market cap of $10,139.85, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.01. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $58.87.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. HollyFrontier’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS.

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of HollyFrontier by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock worth $1,868,000 after purchasing an additional 1,129 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of HollyFrontier by 11.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 17,035 shares of the oil and gas company’s stock worth $873,000 after purchasing an additional 1,712 shares during the period. Amalgamated Bank raised its holdings in shares of HollyFrontier by 5.9% in the 4th quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock worth $1,834,000 after purchasing an additional 2,010 shares during the period. Sandy Spring Bank bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $114,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of HollyFrontier by 6.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 38,140 shares of the oil and gas company’s stock worth $1,954,000 after purchasing an additional 2,400 shares during the period. 86.14% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/19/hollyfrontier-forecasted-to-earn-q3-2018-earnings-of-1-39-per-share-hfc.html.

HollyFrontier Company Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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

Leave a Reply