HollyFrontier Corporation (NYSE:HFC) rose 1.58% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -4.65% and is now down by -2.09% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.44% gain over the past 30 days. Its equity price dipped by -3.23% over the past three months which led to its overall six-month decrease to stand at -29.85%.
The shares of HollyFrontier Corporation (HFC) dropped by -39.9% or -$33.23 from its last recorded high of $83.28 which it attained on April 06 to close at $50.05 per share. Over the past 52 weeks, the shares of HollyFrontier Corporation has been trading as low as $46.75 before witnessing a massive surge by 7.06% or $3.3. This price movement has led to the HFC stock receiving more attention and has become one to watch out for. It jumped by 0.64% on Sunday and this got the market excited. The stock’s beta now stands at 1.16 and when compared to its 200-day moving average and its 50-day moving average, HFC price stands -19.13% below and -5.52% below respectively. Its average daily volatility for this week is 1.95% which is less than the 2.4% recorded over the past month.
Experts from research firms are bullish about the near-term performance of HollyFrontier Corporation with most of them predicting a $61 price target on a short-term (12 months) basis. The average price target by the analysts will see a 21.88% rise in the stock and would lead to HFC’s market cap to surge to $10.52B. The stock has been rated an average 3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track HollyFrontier Corporation (NYSE:HFC) and find out that 11 of them rated it as a Hold. 3 of the 6 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.
A look at HFC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 42.74 point. Its trading volume has lost -38690 shares compared to readings over the past three months as it recently exchanged 2051310 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2090000 shares, and this is 0.98 times the normal volume.
The price of Oaktree Capital Group, LLC (NYSE:OAK) currently stands at $49.93 after it went down by $-0.12 or -0.24% and has found a strong support at $49.77 a share. If the OAK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $49.62 mark would also be bad for the stock as it means that the stock would plunge by 0.62% from its current position. However, if the stock price is able to trade above the resistance point around $50.12, then it could likely surge higher to try and break the upward resistance which stands at $50.32 a share. Its average daily volatility over the past one month stands at 1.32%. The stock has plunged by 80.35% from its 52-weeks high of $9.8101 which it reached on May. 04, 2019. In general, it is 22.59% above its 52-weeks lowest point which stands at $38.65 and this setback was observed on Jun. 09, 2018.
Analysts have predicted a price target for Oaktree Capital Group, LLC (OAK) for 1 year and it stands at an average $48.5/share. This means that it would likely increase by -2.86% from its current position. The current price of the stock has been moving between $49.8101 and $50.16. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $43. On the other hand, one analyst is super bullish about the price, setting a target as high as $51.
The OAK stock Stochastic Oscillator (%D) is at 92.44%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 5.67 which compares to the 9.13 recorded by the industry or the 10.49 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.84, which is lower than the 16.68 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -14% over the past five years.
Analysts view Oaktree Capital Group, LLC (NYSE:OAK) as a Sell, with 3 consensus rating. Reuters surveyed 9 analysts that follow OAK and found that 8 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Oaktree Capital Group, LLC (OAK) shares or sell it if they already own it.
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