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Enter Symbol:
 
Holly Energy Partners, L.p. (HEP) [hlAlert]

Rating:
Buy HEP
up 71.81 %

Holly Energy Partners, L.p. (HEP) rated Buy with price target $39 by SMH Capital

Posted on: Thursday,  Oct 30, 2008  1:25 PM ET by SMH Capital

SMH Capital rated Buy Holly Energy Partners, L.p. (NYSE: HEP) on 10/30/2008. Previously SMH Capital rated Buy Holly Energy Partners, L.p. (NYSE: HEP)
on 07/02/2008., when the stock price was $19.41. Since then, Holly Energy Partners, L.p. has gained 71.81% as of 09/08/2015's recent price of $33.34.
If you would have followed the previous SMH Capital's recommendation on HEP, you would have gained 71.81% of your investment in 2624 days.

Holly Energy Partners, L.P. (HEP) operates a system of refined product and crude oil pipelines, storage tanks and distribution terminals primarily in west Texas, New Mexico, Utah and Arizona. The Company generates revenues by charging tariffs for transporting refined product and crude oil through its pipelines and by charging fees for terminalling refined products and other hydrocarbons, and storing and providing other services at the Company?s terminals. HEP does not take ownership of products that it transports or terminal. It serves Holly Corporation?s (Holly) refineries in New Mexico and Utah under three 15-year pipeline, terminal and tankage agreements with Holly. It also serves the Alon USA, Inc. (Alon) Big Spring, Texas refinery (Big Spring Refinery) under the Alon pipelines and terminals agreement expiring in 2020 (Alon PTA). The substantial majority of the Company?s business is devoted to providing transportation and terminalling services to Holly.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/30/2008 1:25 PM Buy
None
13.86 19.50
as of 12/24/2008
1 Week up  3.24 %
1 Month up  15.87 %
3 Months down  -1.53 %
1 YTD down  -0.18 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/30/2008 2:25 PM Buy
None
17.11 23.00
7/2/2008 1:25 PM Buy
None
19.41 23.50

(*) Stock Price at the time of the recommendation.
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