Holly Energy Partners Sees Surging Trading Volume After Analyst Upgrade
August 8, 2023
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Holly Energy Partners ($NYSE:HEP) (HEP) has seen an unexpected surge in trading volume recently, after an analyst from Defense World upgraded the company’s stock. This unexpected growth is likely due to the analyst’s decision to upgrade the stock from a “hold” to a “buy” rating. Investors have taken this upgrade into account and are now trading the stock in record numbers. HEP is a midstream energy company that operates pipelines, storage tanks and terminals, primarily located in the southwest, midwest, and Rocky Mountain regions of the United States. HEP provides services to major oil refineries and other customers in the transportation of fuel, such as gasoline and diesel.
This recent surge in trading volume for HEP’s stock is a sign that investors are taking notice of the analyst’s upgrade. While it remains to be seen whether or not the upgrade will be beneficial to HEP in the long run, the current increase in trading volume is a promising sign for investors. This development could potentially bring more attention to HEP and its operations, potentially leading to further growth for the company.
Stock Price
At market open, HEP stock opened at $19.8 and closed at the same price, up by 0.3% from the prior closing price. The upgrade from an analyst caused the stock to attract increased attention from investors and significantly raised its trading volume. The jump in trading activity has made HEP stock one of the most actively traded stocks on the market. It will be interesting to see if this trend continues in the coming days or if HEP will return to its previous levels of trading. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HEP. More…
| Total Revenues | Net Income | Net Margin |
| 574.56 | 217.86 | 37.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HEP. More…
| Operations | Investing | Financing |
| 346.28 | -45.76 | -307.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HEP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.71k | 1.76k | 6.94 |
Key Ratios Snapshot
Some of the financial key ratios for HEP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.0% | -1.6% | 57.5% |
| FCF Margin | ROE | ROA |
| 54.7% | 23.6% | 7.6% |
Analysis
At GoodWhale, we have conducted an analysis of HOLLY ENERGY PARTNERS’s financials, and based on our Star Chart it appears that they are classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This makes them an attractive target for certain types of investors looking for companies that are already established and not too volatile. When it comes to the specific areas of profitability, asset, dividend and growth, HOLLY ENERGY PARTNERS is strong in profitability and medium in the other three categories. When assessing the company’s health score, our analysis reveals that it is 8/10, indicating that it is capable of weathering any market crisis without the risk of bankruptcy. This makes HOLLY ENERGY PARTNERS an attractive investment option for those seeking relatively stable, moderate returns. More…
Peers
The company’s pipelines transport crude oil from production areas to refineries and refined products from refineries to terminals and end-use locations. Holly Energy Partners LP also provides crude oil and refined products storage services. The company was founded in 1947 and is headquartered in Dallas, Texas. Holly Energy Partners’ main competitors include Hess Midstream LP, Magellan Midstream Partners LP, Gibson Energy Inc.
– Hess Midstream LP ($NYSE:HESM)
Hess Midstream Partners LP is a master limited partnership that owns, operates, develops and acquires midstream assets in the United States. The company’s assets include crude oil and refined products pipelines, terminals, and storage facilities. Hess Midstream Partners is headquartered in Houston, Texas.
– Magellan Midstream Partners LP ($NYSE:MMP)
Magellan Midstream Partners LP is a publicly traded partnership that owns, operates, and invests in a diversified portfolio of energy assets. The company’s assets include crude oil pipelines, refined product pipelines, storage facilities, and terminals. Magellan Midstream Partners LP is headquartered in Tulsa, Oklahoma.
– Gibson Energy Inc ($TSX:GEI)
Gibson Energy Inc. is a leading independent midstream energy company based in Calgary, Alberta, Canada. The company owns and operates a integrated network of infrastructure spanning crude oil transportation, storage, processing and marketing. Gibson Energy is one of the largest independent midstream companies in Canada with a market cap of over $3 billion and a return on equity of nearly 28%. The company’s integrated network of assets and infrastructure provides customers with a complete solution for their energy needs. Gibson Energy is a trusted partner for customers across the energy value chain.
Summary
Holly Energy Partners (HEP) saw unusually-high trading volume following an analyst upgrade. The upgrade was based on an investment analysis which showed that HEP is a strong income stock in the midstream energy space with a favorable risk/reward profile. The company’s long-term track record for delivering stable distributions is attractive to investors, who may be looking for consistent income and capital appreciation potential in the midstream energy market.
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