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Holly Energy Partners (HEP) Surges: Stock Moves 7% Higher

Zacks

Holly Energy Partners, L.P. HEP was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.32 to $33.31 in the past one-month time frame.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Holly Energy Partners currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Holly Energy Partners, L.P. Price


Holly Energy Partners, L.P. Price | Holly Energy Partners, L.P. Quote

A better-ranked stock in the Oil and Gas – Production and Pipelines industry is TransCanada Corporation TRP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HEP going up? Or down? Predict to see what others think:Up or Down

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