Stock analysts at StockNews.com started coverage on shares of Holly Energy Partners (NYSE:HEP – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the pipeline company’s stock.
Holly Energy Partners Trading Down 0.8 %
Shares of Holly Energy Partners stock opened at $17.70 on Thursday. The company has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $18.03. Holly Energy Partners has a 12-month low of $15.12 and a 12-month high of $20.00. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.70. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 10.00 and a beta of 0.90.
Holly Energy Partners (NYSE:HEP – Get Rating) last issued its earnings results on Thursday, May 4th. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Holly Energy Partners had a net margin of 39.39% and a return on equity of 24.44%. The business had revenue of $143.30 million during the quarter, compared to analysts’ expectations of $124.62 million. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities analysts forecast that Holly Energy Partners will post 2.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Holly Energy Partners
About Holly Energy Partners
Holly Energy Partners LP engages in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. It operates through the Pipelines and Terminals, and Refinery Processing Unit segments. The Pipelines and Terminals segment includes petroleum products, crude pipelines and terminal, tankage, and loading rack facilities.
- Get a free copy of the StockNews.com research report on Holly Energy Partners (HEP)
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