Holly Energy Partners L.P. (NYSE:HEP) previous close was $15.54 while the outstanding shares total 105.44M. The firm has a beta of 1.11, a 12-month trailing P/E ratio of 9.93. HEP’s shares traded lower over the last trading session, losing -0.13% on 02/12/21. The shares fell to a low of $15.33 before closing at $15.52. Intraday shares traded counted 0.14 million, which was 64.76% higher than its 30-day average trading volume of 405.04K. The stock’s Relative Strength Index (RSI) is 63.52, with weekly volatility at 2.41% and ATR at 0.46. The HEP stock’s 52-week price range has touched low of $6.57 and a $23.88 high.
Investors have identified the Oil & Gas Midstream company Holly Energy Partners L.P. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.64 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Holly Energy Partners L.P. (HEP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 84.73 million total, with 60.13 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.96 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HEP sounds very interesting.
Is the stock of HEP attractive?
In related news, VP and Controller, Norwood Kenneth bought 3,500 shares of the company’s stock in a transaction that recorded on Mar 18. The purchase was performed at an average price of 7.22, for a total value of 25,270. As the purchase deal closes, the VP and Controller, Norwood Kenneth now bought 3,000 shares of the company’s stock, valued at 46,380. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
5 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Holly Energy Partners L.P.. 0 analysts has assigned a Sell rating on the HEP stock. The 12-month mean consensus price target for the company’s shares has been set at $18.83.