Analyst Revises Holly Energy Partners, L.P. (NYSE:HEP) Stock Target


Holly Energy Partners, L.P. (NYSE:HEP) mean price target has been set at $38.0000 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.4700 in the near-term quarter and $1.9400 for the ongoing fiscal. The market cap of Holly Energy Partners, L.P. Com was recorded at $2.02B after the stock closed at $34.3999 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Holly Energy Partners, L.P. (NYSE:HEP) has a P/E ratio of 19.4460. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Holly Energy Partners, L.P. (NYSE:HEP) PEG ratio sits at 2.7400. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Holly Energy Partners, L.P. Com visibly illustrates that the 50-day MA of Holly Energy Partners, L.P. Com is $33.6300, and stock is trading 0.7699 or +2.2893% distant from $33.6300. The 200-day MA is $30.9639, and this price is $3.4360 or +11.0968% off from current level. Holly Energy Partners, L.P. (NYSE:HEP) 52-week high is $36.9900 and the 52-week low is $21.4400. This represents that if the stock moves $-2.5901 points up on the chart to make a 52-week high. But, if it declines $+60.4473%, then the shares price can hit a new 52-week low.

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