HollyFrontier Reaches New 52-Week High (HFC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- HollyFrontier (NYSE: HFC) hit a new 52-week high Friday as it is currently trading at $41.23, above its previous 52-week high of $40.97 with 692,419 shares traded as of 10:05 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

HollyFrontier has a market cap of $8.14 billion and is part of the basic materials sector and energy industry. Shares are up 69.9% year to date as of the close of trading on Thursday.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. The company has a P/E ratio of 5.4, below the average energy industry P/E ratio of 5.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HollyFrontier as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full HollyFrontier Ratings Report.

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