HollyFrontier (NYSE:HFC) announced its quarterly earnings data on Wednesday. The oil and gas company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.32, MarketWatch Earnings reports. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share.
Shares of NYSE:HFC opened at $68.26 on Friday. The company has a market cap of $11.14 billion, a PE ratio of 29.42, a P/E/G ratio of 1.14 and a beta of 1.16. The company has a quick ratio of 1.21, a current ratio of 2.38 and a debt-to-equity ratio of 0.37. HollyFrontier has a twelve month low of $39.42 and a twelve month high of $83.28.
HFC has been the subject of a number of research reports. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price objective on shares of HollyFrontier in a report on Friday, August 3rd. US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group upgraded shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target for the company in a research note on Tuesday, October 16th. Morgan Stanley lifted their price target on shares of HollyFrontier from $75.00 to $82.00 and gave the stock a “hold” rating in a research note on Monday, July 16th. Finally, Mizuho began coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $66.73.
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.
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