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Holly Energy Partners, L.P. (NYSE:HEP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday. They currently have a $39.70 target price on the stock. Zacks‘s price objective points to a potential upside of 14.05% from the company’s current price.

Shares of Holly Energy Partners, L.P. (NYSE:HEP) traded down 0.11% on Monday, hitting $34.7702. 43,020 shares of the company’s stock traded hands. Holly Energy Partners, L.P. has a one year low of $29.55 and a one year high of $40.00. The stock’s 50-day moving average is $34.4 and its 200-day moving average is $33.1. The company has a market cap of $2.040 billion and a P/E ratio of 36.53.

Holly Energy Partners, L.P. (NYSE:HEP) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $77.52 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts predict that Holly Energy Partners, L.P. will post $1.24 earnings per share for the current fiscal year.

Separately, analysts at Howard Weil raised their price target on shares of Holly Energy Partners, L.P. from $34.00 to $35.00 in a research note on Friday, May 2nd. They now have a “sector perform” rating on the stock.

Holly Energy Partners, L.P. (NYSE:HEP) is engaged principally in the business of operating a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals and loading rack facilities in west Texas, New Mexico, Utah, Arizona, Oklahoma, Idaho and Washington.

To view Zacks’ full report, visit Zacks’ official website.

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