Investment Analysts’ Recent Ratings Updates for Holly Energy Partners (HEP)

A number of research firms have changed their ratings and price targets for Holly Energy Partners (NYSE: HEP):

  • 10/2/2018 – Holly Energy Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/26/2018 – Holly Energy Partners was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/25/2018 – Holly Energy Partners was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $28.00 price target on the stock, down previously from $30.00.
  • 9/19/2018 – Holly Energy Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/28/2018 – Holly Energy Partners was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/27/2018 – Holly Energy Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 8/24/2018 – Holly Energy Partners had its price target lowered by analysts at JPMorgan Chase & Co. from $31.00 to $30.00. They now have an “underweight” rating on the stock.
  • 8/20/2018 – Holly Energy Partners had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $33.00 price target on the stock.
  • 8/9/2018 – Holly Energy Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Holly Energy Partners stock traded up $0.02 on Monday, reaching $31.27. 88,600 shares of the stock were exchanged, compared to its average volume of 185,722. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 17.77 and a beta of 0.91. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.12 and a quick ratio of 1.12. Holly Energy Partners, L.P. has a twelve month low of $26.08 and a twelve month high of $35.84.

Holly Energy Partners (NYSE:HEP) last released its earnings results on Wednesday, August 1st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.03). The firm had revenue of $118.76 million for the quarter, compared to analyst estimates of $123.41 million. Holly Energy Partners had a return on equity of 34.10% and a net margin of 44.01%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. As a group, sell-side analysts expect that Holly Energy Partners, L.P. will post 1.73 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in HEP. Cambridge Investment Research Advisors Inc. acquired a new position in Holly Energy Partners during the 2nd quarter worth $230,000. Virtu Financial LLC acquired a new position in Holly Energy Partners during the 2nd quarter worth $250,000. Truvestments Capital LLC acquired a new position in shares of Holly Energy Partners during the second quarter valued at about $345,000. BNP Paribas Arbitrage SA raised its position in shares of Holly Energy Partners by 40.7% during the first quarter. BNP Paribas Arbitrage SA now owns 24,206 shares of the pipeline company’s stock valued at $667,000 after buying an additional 6,996 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Holly Energy Partners during the second quarter valued at about $918,000. 31.27% of the stock is owned by hedge funds and other institutional investors.

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.

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