Here's Why Shares of HollyFrontier Spiked 20% in November
Shares of oil refiner HollyFrontier (NYSE: HFC) climbed 20% in November, outpacing many of its independent oil refining peers. The impetus for the notable gain was a respectable third-quarter earnings report and market conditions that continue to improve in HollyFrontier's favor.
Let's start with the obvious catalyst: HollyFrontier's third-quarter earnings. The company reported earnings of $1.53 per share compared to $0.42 per share this time last year. Beating 2016 results isn't that impressive considering how bad that year was for refiners in general, but HollyFrontier also benefited from completing an investment plan to improve operations at its Rocky Mountain refineries, as well as the addition of the Petro-Canada Lubricant business.
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Source: Fool.com
HF Sinclair Corp. Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on HF Sinclair Corp..
With a target price of 62 € there is a positive potential of 27.05% for HF Sinclair Corp. compared to the current price of 48.8 €.
