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A report released today by UBS Securities about Holly Energy Partners (NYSE:HEP) lowers the target price to $36.00

Holly Energy Partners (NYSE:HEP) had its target bumped down to $36.00 by UBS Securities in an issued report announced 10/17/2017. The dropped price target implies a potential upside of 0.06% based on the company's last closing price.

Yesterday Holly Energy Partners (NYSE:HEP) traded 0.44% higher at $33.93. The company’s 50-day moving average is $33.82 and its 200-day moving average is $33.75. The last closing price is up 0.75% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 38,081 shares of HEP traded hands, down from an average trading volume of 274,194

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Holly Energy Partners (NYSE:HEP)

Holly Energy Partners has a 52 week low of $29.53 and a 52 week high of $38.09 with a P/E ratio of 28.19 The company’s market cap is currently $0.

Also covering Holly Energy Partners's price target, a total of 6 analysts have released a report on Holly Energy Partners. The 12-month price target is $36.17 with 1 broker rating the stock a strong buy, 3 equity analysts rating the company a buy, four equity analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 analysts rating the company a sell.

More About Holly Energy Partners (NYSE:HEP)

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.

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