Why HollyFrontier Corporation (NYSE:HFC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.62 on HollyFrontier Corporation (NYSE:HFC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.77 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of HollyFrontier Corporation (NYSE:HFC) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For HollyFrontier Corporation Commo, the PEG ratio for coming 3-5 years is 5.97.

Technical Analysis

The technical analysis highlights that HollyFrontier Corporation Commo current is trading $0.13 points away or +0.52% from its 50-day moving average of $25.80. Further it is trading $-3.35 or -11.46% away its 200-day moving average of $29.28.

The 52-week high of HollyFrontier Corporation (NYSE:HFC) was $52.30 while lowest point recorded in 52-week was $22.07. It implies if stock price makes a movement of over $-26.37, it will record a new 52-week high. In the case of +17.49% drop, it will touch a new 52-week low.

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