HollyFrontier Corporation HFC was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.42 to $30.56 in the past one-month time frame.
The move came as the gasoline prices are anticipated to rise higher in the United States.
The company has seen a mixed track record when it comes to estimate revisions of five increases and one decrease over the past one month, while the Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for HollyFrontier. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
HollyFrontier currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Oil and Gas – Refining and Marketing industry may consider a better-ranked stock like Par Pacific Holdings, Inc. (PARR), which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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