Holly Energy Partners LP (NYSE: HEP) has reported earnings for its third fiscal quarter (ending September 30) of $0.50 versus $0.33 for the same period a year ago — an increase of 52%. However, this result fell short of the consensus estimate of $0.53 by $-0.03. E.P.S. were $1.89 for the latest four quarters through September 30 versus $1.65 for the same period a year ago — an increase of 15%.
Recent Price Action
Holly Energy Partners LP (NYSE: HEP) stock closed at $21.97 on 11/2/23 after a large increase of 2.8%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
HEP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Holly Energy Partners has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Holly Energy Partners has a neutral Appreciation Score of 48 but a very high Power Rating of 90, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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