HollyFrontier (HFC) has been covered by 17 Wall Street analysts. Among the analysts, three (or 18%) recommended a “buy” or “strong buy,” 11 (or 65%) recommended a “hold,” and three recommended a “sell” or “strong sell.”
Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Recently, Jefferies increased its target price on HollyFrontier stock from $49 to $50. However, JPMorgan Chase cut its target price on the stock from $63 to $59. HollyFrontier’s mean target price is $60 per share, which implies an ~23% gain from the current level.
Analysts’ mixed opinions
Wall Street analysts expect HollyFrontier’s earning to fall in 2019 due to weaker refining cracks and spreads, which could result in lower refining margins and earnings. HollyFrontier’s Lubricant segment, which the company has been expanding in the past few years, is expected to face weaker base oil cracks in 2019. The weaker base oil cracks could lead to lower Rack Back lubricant earnings for the company. Lower refining earnings and weaker Rack Back earnings could lead to lower profits in the current year. Wall Street analysts expect HollyFrontier’s earnings to fall 23% in 2019.
Analysts have mixed opinions on HollyFrontier likely due to the company’s strong financials and lower earnings outlook.