Barclays Adjusting Numbers on Holly Energy Partners (HEP) After Acquisition of Interest in UNEV Pipeline

July 13, 2012 3:05 PM EDT
Get Alerts HEP Hot Sheet
Price: $34.88 -1.94%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
Trade HEP Now!
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Holly Energy Partners (NYSE: HEP) price target of $63.00 (from $62.00).

Analyst, Brian J. Zarahn, said, "Acquisition modestly accretive near term, provides upside potential long term. HEP's conference call provided additional color on UNEV pipeline economics. GP giveback makes transaction modestly accretive now, while Rockies refinery expansions provide upside post 2014...However, we expect units to be range bound given HEP will likely raise additional equity to finance UNEV acquisition."

FY12 EPS estimate lowered from $2.77 to $2.75 and FY13 from $3.21 to 3.09.

For an analyst ratings summary and ratings history on Holly Energy Partners click here. For more ratings news on Holly Energy Partners click here.

Shares of Holly Energy Partners closed at $60.77 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment