In a report released yesterday, Paul Cheng from Barclays maintained a Buy rating on Hollyfrontier Corp (HFC), with a price target of $83. The company’s shares opened today at $52.91.
According to TipRanks.com, Cheng is a 4-star analyst with an average return of 2.8% and a 47.9% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Marathon Petroleum Corporation, and Imperial Oil Limited.
Hollyfrontier Corp has an analyst consensus of Hold, with a price target consensus of $66.60, implying a 25.9% upside from current levels. In a report issued on January 7, RBC Capital also reiterated a Buy rating on the stock with a $68 price target.
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The company has a one-year high of $83.28 and a one-year low of $42.42. Currently, Hollyfrontier Corp has an average volume of 2.27M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP).
