Analysts are weighing in on how HollyFrontier Corp (NYSE:HFC), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.9. The stock is rated as buy by 4 analysts, with 2 outperform and 10 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 17.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.58 a share, which would compare with $1.45 in the same quarter last year. They have a high estimate of $1.29 and a low estimate of $0.30. Revenue for the period is expected to total nearly $2.35B from $3.70B the year-ago period.
For the full year, 12.00 Wall Street analysts forecast this company would deliver earnings of 1.79 per share, with a high estimate of $2.85 and a low estimate of $0.76. It had reported earnings per share of $4.67 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $10.15B versus 13.24B in the preceding year.
The analysts project the company to maintain annual growth of around 10.55% percent over the next five years as compared to an average growth rate of 8.52% percent expected for its competitors in the same industry.
Among the 13 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for HFC is $36.46 but some analysts are projecting the price to go as high as $55.00. If the optimistic analysts are correct, that represents a 122 percent upside potential from the recent closing price of $24.80. Some sell-side analysts, particularly the bearish ones, have called for $24.00 price targets on shares of HollyFrontier Corp (NYSE:HFC).
In the last reported results, the company reported earnings of $1.45 per share, while analysts were calling for share earnings of $1.30. It was an earnings surprise of 11.50%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt. The company offers its products to other refiners, convenience store chains, independent marketers, retailers, truck stop chains, wholesalers, railroads, governmental entities, paving contractors or manufacturers, and commercial and specialty markets, as well as for commercial airline use. It owns and operates five refineries with a combined crude oil processing capacity of approximately 443,000 barrels per day in El Dorado, Kansas; Tulsa, Oklahoma; Artesia, New Mexico; Cheyenne, Wyoming; Woods Cross, Utah, as well as owns and operates asphalt terminals in Arizona, New Mexico, and Oklahoma; and vacuum distillation and other facilities in Lovington, New Mexico. HollyFrontier Corporations refineries serve markets in the Mid-Continent, Southwest, and Rocky Mountain regions of the United States. The company was formerly known as Holly Corporation and changed its name to HollyFrontier Corporation as a result of its merger with Frontier Oil Corporation in July 2011. HollyFrontier Corporation was founded in 1947 and is based in Dallas, Texas.