Holly Energy Partners traded at $20.45 this Thursday November 30th, decreasing $0.16 or 0.78 percent since the previous trading session. Looking back, over the last four weeks, Holly Energy Partners lost 3.76 percent. Over the last 12 months, its price rose by 9.30 percent. Looking ahead, we forecast Holly Energy Partners to be priced at 19.83 by the end of this quarter and at 18.09 in one year, according to Trading Economics global macro models projections and analysts expectations.
Holly Energy Partners, L.P. (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho and Washington. The Company operates through segments, including Pipelines and Terminals segment and a Refinery Processing Unit segment. Its pipelines and terminals segment consists of approximately 26 main pipeline segments; Crude gathering networks in Texas and New Mexico; refined product terminals; 1 crude terminal; approximately 31,800 track feet of rail storage located at two facilities; approximately 7 locations with truck and/or rail racks, and Tankage at all six of HollyFrontier Corporation's (HFC's) refining facility locations. Its Refinery Processing Unit segment consists of over five refinery processing units at two of HFC's refining facility locations.