Holly Energy Partners (NYSE:HEP) hit a new 52-week high Wednesday as it changed hands at $60.77 compared with its previous 52-week high of $60.08. Holly Energy is currently trading at $59.60 with 3,615 shares changing hands as of 10:05 a.m..
NEW YORK ( TheStreet) -- Holly Energy Partners (NYSE: HEP) hit a new 52-week high Wednesday as it traded at $60.77 compared with its previous 52-Week high of $60.08. Holly Energy is changing hands at $59.60 with 3,615 shares traded as of 10:05 a.m. ET. Average volume has been 37,400 shares over the past 30 days. Holly Energy has a market cap of $1.3 billion and is part of the basic materials sector and energy industry. Shares are up 16.7% year to date as of the close of trading on Tuesday. 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 28.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 21.9. TheStreet Ratings rates Holly Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Holly Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.