Barclays Assumes Holly Energy Partners L.P. to Equal-weight

Brokerage firm Barclays Assumes its rating on Holly Energy Partners L.P.(NYSE:HEP). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on Holly Energy Partners L.P.. The shares have been rated ‘Overweight’ by the firm. On Mar 18, 2016, Goldman Sachs said it Maintains its rating on Holly Energy Partners L.P.. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 1, 2016, UBS said it Upgrades its rating on Holly Energy Partners L.P.. The shares have been rated ‘Buy’ by the firm. On Feb 17, 2016, Bank of America said it Upgrades its rating on Holly Energy Partners L.P.. The shares have been rated ‘Buy’ by the firm.

Holly Energy Partners L.P. (HEP) shares turned negative on Fridays trading session with the shares closing down -1.39 points or -4.08% at a volume of 84,762. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.1474. The peak price level was also seen at $34.1474 while the days lowest was $32.71. Finally the shares closed at $32.71. The 52-week high of the shares is $36.4 while the 52-week low is $21.4377. According to the latest information available, the market cap of the company is $1,919 M.

Holly Energy Partners L.P.(HEP) last announced its earnings results on Feb 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $97.25M. Analysts had an estimated revenue of $95.56M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Michael Jennings (CEO) purchased 1,948 shares at $29.25 per share price.Also, On Oct 1, 2015, Kenneth Norwood (VP and Controller) purchased 1,000 shares at $27.44 per share price.On Jun 22, 2015, Mark T. Cunningham (Sr Vice President, Operations) sold 5,000 shares at $36.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Holly Energy Partners L.P. (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines storage tanks distribution terminals and loading rack facilities. The Company operates in West Texas New Mexico Utah Nevada Oklahoma Wyoming Kansas Arizona Idaho and Washington. Holly Logistic Services L.L.C. (HLS) is a subsidiary of HollyFrontier Corporation (HFC) which is the partner of the general partner of HEP and manages HEP. It owns and operates petroleum product and crude pipelines and terminal tankage and loading rack facilities that support HFC’s refining and marketing operations in the Mid-Continent Southwest and Rocky Mountain regions and Alon USA Inc.’s refinery in Big Spring Texas. Additionally the Company has interest in UNEV Pipeline LLC (UNEV) which owns a 427-mile 12-inch refined products pipeline running from Woods Cross Utah to Las Vegas Nevada product terminals near Cedar City Utah and Las Vegas Nevada and assets.

Leave a Reply

Holly Energy Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Holly Energy Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.