Published On: Wed, Oct 19th, 2016

Holly Energy Partners, L.P. (NYSE:HEP) – Broker Update

Below are the most recently updated broker updates which include ratings and price targets for Holly Energy Partners, L.P. (NYSE:HEP).

08/26/2016 – Broker: Goldman Sachs Rating: neutral New Target: 36 reiteration

07/07/2016 – Broker: Barclays Rating: equal weight New Target: 35 reiteration

04/27/2016 – Broker: Raymond James Rating: underperform downgrade

04/01/2016 – Broker: Piper Jaffray Rating: overweight reiteration

04/01/2016 – Broker: Simmons Rating: overweight New Target: 42 reiteration

03/01/2016 – Broker: UBS Rating: buy upgrade

02/17/2016 – Broker: Bank of America Merrill Lynch Rating: buy upgrade

09/08/2015 – Broker: Scotiabank Rating: sector perform New Target: 36 reiteration

07/07/2014 – Broker: Zacks Rating: neutral New Target: 39.7 downgrade

The average price target from the most recent broker reports is 37.74

The stock decreased -0.66% (-0.22) during the last days session, reaching 32.96 and roughly 108269 shares were bought or sold by traders. Holly Energy Partners, L.P. (NYSE:HEP) has increased by +4.83% over 12 months.

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 West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. The Company operates through segments, including pipelines and terminals segment and a refinery processing unit segment. As of December 31, 2016, its pipelines and terminals segment consisted of 24 main pipeline segments; Crude gathering networks in Texas and New Mexico; 10 refined product terminals; one crude terminal; 8,300 track feet of rail storage located at one facility; seven locations with truck and/or rail racks, and Tankage at all six of HollyFrontier Corporation’s (HFC’s) refining facility locations. As of December 31, 2016, the Company’s refinery processing unit segment consisted of five refinery processing units at two of HFC’s refining facility locations.