HollyFrontier Corporation is an independent petroleum refiner and marketer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HFC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HollyFrontier could be a solid choice for investors.
Current Quarter Estimates for HFC
In the past 30 days, three estimates have gone higher for HollyFrontier while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 72 cents a share 30 days ago, to 93 cents today, a move of 29.2%.
Current Year Estimates for HFC
Meanwhile, HollyFrontier’s current year figures are also looking quite promising, with five estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.00 per share 30 days ago to $2.38 per share today, an increase of 19%.
HollyFrontier Corporation Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 10.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes ""All In"" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>
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Surging Earnings Estimates Signal Good News for HollyFrontier (HFC)
HollyFrontier Corporation is an independent petroleum refiner and marketer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HFC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HollyFrontier could be a solid choice for investors.
Current Quarter Estimates for HFC
In the past 30 days, three estimates have gone higher for HollyFrontier while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 72 cents a share 30 days ago, to 93 cents today, a move of 29.2%.
Current Year Estimates for HFC
Meanwhile, HollyFrontier’s current year figures are also looking quite promising, with five estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.00 per share 30 days ago to $2.38 per share today, an increase of 19%.
HollyFrontier Corporation Price and Consensus
HollyFrontier Corporation Price and Consensus | HollyFrontier Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 10.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes ""All In"" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>