HollyFrontier stock prices target 2013

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Indonesia stock info - HollyFrontier stock prices target 2013 ; Equities researchers at JPMorgan Chase increased their target price on shares of HollyFrontier Corp (NYSE: HFC) from $39.00 to $40.00 in a report issued on Monday. The firm currently has a “neutral” rating on the stock.The analysts wrote, “We are establishing a December 2013 price target of $40 for HFC, and we maintain our Neutral rating. Although we believe HFC’s inland refining system is well positioned to benefit from growth in production of disadvantaged inland North American crudes, which are trading at a discount to water-borne global crudes, strengthening HFC’s refining margins and HFC’s high cash returns to shareholders are likely to appeal to yield-oriented investors, we expect the shares to take a breather following strong outperformance in the year, and see stronger upside potential elsewhere in the group.”

Shares of HollyFrontier Corp traded down 1.62% during mid-day trading on Monday, hitting $41.29. HollyFrontier Corp has a 52 week low of $21.13 and a 52 week high of $40.97. The company has a market cap of $8.368 billion and a P/E ratio of 5.94.

HollyFrontier Corp last issued its quarterly earnings data on Wednesday, August 8th. The company reported $2.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.32 by $0.07. The company’s quarterly revenue was up 62.0% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp will post $6.70 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of HollyFrontier Corp from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of HollyFrontier Corp in a research note to investors on Thursday, September 6th. Finally, analysts at Argus raised their price target on shares of HollyFrontier Corp from $8.00 to $48.00 in a research note to investors on Tuesday, August 21st. They now have a “buy” rating on the stock.

HollyFrontier Corporation, formerly Holly Corporation, is an independent petroleum refiner that produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

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