Holly Energy Stock Hits New 52-Week High (HEP)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $61.07, above its previous 52-week high of $61.05 with 182,129 shares traded as of 3:50 p.m. ET. Average volume has been 59,100 shares over the past 30 days.
Holly Energy has a market cap of $1.2 billion and is part of the
sector and
industry. Shares are up 7% year to date as of the close of trading on Wednesday.
Holly Energy Partners, L.P. operates a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals, and loading rack facilities. The company has a P/E ratio of 23.2, above the average energy industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Holly Energy as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
.
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