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HFC Analyst Recommendations Are Mixed ahead of 2Q Earnings

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Analyst recommendations for HFC

In this series, we’ve examined HollyFrontier’s (HFC) 2Q16 estimates, refining margin outlook, and stock performance ahead of its earnings release expected on August 3, 2016. In this part, we’ll examine the ratings of analysts covering the stock.

The above table shows that three of the eight companies surveyed have rated HFC as a “buy,” “overweight,” or “outperform.” The highest 12-month price target for HFC stands at $34, indicating a 42% rise from its current levels. Another five companies have rated HFC as a “hold.”

The average 12-month price target for HFC stands at $28, indicating a 17% rise from its current levels. None of the companies have given a “sell” rating to HollyFrontier. HFC’s lowest 12-month price target stands at $20, implying a 17% fall from its current levels.

The highest price target for HFC has been set by RBC Capital Markets, whereas the lowest price target has been set by Piper Jaffray. Barclays and Credit Suisse have given HFC price targets above $30 per share.

On the other hand, Raymond James and Wolfe Research have given “market perform” and “peer perform” recommendations on the stock.

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HFC’s peers

HollyFrontier’s peers Valero Energy (VLO), PBF Energy (PBF), and CVR Refining (CVRR) have been rated as “buys” by 62%, 47%, and 11% of analysts surveyed, respectively. If you are looking for exposure to global energy stocks, you can consider the Vanguard FTSE All-World ex-US Fund (VEU).

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