HollyFrontier Corporation (NYSE:HFC) an independent petroleum refiner, is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.53 per share.
For the full year, analysts predict revenues of $ 10399.80 million, while looking forward to loss of $ 0.62 per share.
Previous Quarter Performance
HollyFrontier Corporation revealed loss for the second quarter of $ 0.25 per share, from the revenue of $ 2,063.00 million. The quarterly revenues reduced 56.87 percent compared with the same quarter last year. Wall street analysts are predicting, HFC to report 2Q20 loss of $ 0.55 per share from revenue of $ 2031.63 million. The bottom line results beat street analysts by $ 0.3 or 54.55 percent, at the same time, top line results outshined analysts by $ 31.37 million or 1.54 percent.
Stock Performance
Shares of HollyFrontier Corporation traded low $ -0.32 or -1.68 percent on Wednesday, reaching $ 18.73 with volume of 2.85 million shares. HollyFrontier Corporation has traded high as $ 19.68 and has cracked $ 18.42 on the downward trend
The closing price of $ 18.73, representing a 13.33 % increase from the 52 week low of $ 16.81 and a 65.74 % decrease over the 52 week high of $ 55.61.
The company has a market capital of $ 3.03 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 24.00 target price.
- On 9th September 2020, maintained by Piper Sandler at Overweight rating, with $ 36.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.35 per share on August 6, 2020. The dividend were payable on September 2, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
Conference Call
HollyFrontier Corporation will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hollyfrontier.com
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
