HollyFrontier Coverages Begins as Outperform at Oppenheimer

HollyFrontier (HFC) has been initiated today with coverage from the research analysts at Oppenheimer.  Oppenheimer begins this new coverage of HollyFrontier with an initial price target set at $90 dollars and rates performance of HFC as “outperform.”  Oppenheimer analysts note that the company has infrastructure which is sophisticated enough to process low quality crude into high quality petroleum products which is desirable.

HFC still continues to enjoy considerable bullish momentum after free-falling in 2008.  The current high on the yearly chart of HFC is $80.55, and shares today still continue to edge northward to the former high.  During 2010 trading, after shares broke above 2009’s high of $33.53 there has been only a single month in which HFC trended to the downside which is very noteworthy.

HollyFrontier Corporation are principally an independent petroleum refiner that produces high value light products such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.  The company has market capitalization of $3,823,003,520 and 53,312,000 shares outstanding.  HFC has a 52-week high of $77.80 with the low being $24.35 dollars.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.