Fact Check: What’s wrong with HollyFrontier Corporation (HFC) today

The biggest losers of the session on the Wall Street include HollyFrontier Corporation (NYSE:HFC), which fell -1.04 points or -2.33% to trade at $43.65 as last check. The stock closed last session at $44.69 and sets an active trading volume day with a reported 811772 contracts so far this session. HFC shares had a relatively better volume day versus average trading capacity of 2.3 million shares, but with a 0.17 billion float and a 2.59% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for HFC stock indicates that the average analyst price target is $58.54 per share. This means the stock has a potential increase of 34.11% from where the HFC share price has been trading recently which is between $43.8 and $44.85. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $45.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “These 20 S&P 500 companies have posted the biggest sales surprises this earnings season” and dated May 17, 2019.

During the recent trading session for HollyFrontier Corporation (NYSE:HFC), the company witnessed their stock drop by $-0.28 over a week and tumble down $-3.71 from the price 20 days ago. When compared to their established 52-week high of $83.28, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/04/18. The recent low of $42.19 stood for a -47.59% since 05/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.17 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for HollyFrontier Corporation, the two-week RSI stands at 36.36. This figure suggests that HFC stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current HFC readings is similarly very revealing as it has a stochastic reading of 26.2% at this stage. This figure means that HFC share price today is being overbought.

Technical chart claims that HollyFrontier Corporation (HFC) would settle between $45.09/share to $45.5/share level. However, if the stock price goes below the $44.04 mark, then the market for HollyFrontier Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $43.4 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.12. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at BofA/Merrill raised their recommendation on shares of HFC from Underperform to Neutral in their opinion released on April 29. Goldman analysts have lowered their rating of HollyFrontier Corporation (NYSE:HFC) stock from Neutral to Sell in a separate flash note issued to investors on April 16. Analysts at Morgan Stanley, made their first call for the equity with a Equal-Weight recommendation, according to a research note that dated back to February 12.

HFC equity has an average rating of 3, with the figure leaning towards a bullish end. 17 analysts who tracked the company were contacted by Reuters. Amongst them, 11 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated HollyFrontier Corporation (NYSE:HFC) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, HFC stock price is currently trading at 7.59X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.44 while for the average stock in the same group, the multiple is 0.78. HollyFrontier Corporation current P/E ratio of 7.32 means it is trading at a discount against its industry’s 21.89. In the past 5 years, this ratio for the stock has been fluctuating between 8.31 and 26.38.

HollyFrontier Corporation (HFC)’s current-quarter revenues are projected to climb by nearly -2.14% to hit $4.38 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -9.67% from $17.71 billion to a noteworthy $16 billion. At the other end of the current quarter income statement, HollyFrontier Corporation is expected to see its adjusted earnings surge by roughly 9.66% to hit $1.59 per share. For the fiscal year, HFC’s earnings are projected to climb by roughly -29.04% to hit $4.57 per share.