Barclays analyst Theresa Chen maintained a Sell rating on Holly Energy Partners LP (HEP) yesterday and set a price target of $23.00. The company’s shares closed last Monday at $21.95, close to its 52-week low of $21.75.
According to TipRanks.com, Chen is a 3-star analyst with an average return of 7.2% and a 71.4% success rate. Chen covers the Basic Materials sector, focusing on stocks such as KNOT Offshore Partners, Phillips 66 Partners, and Magellan Midstream.
Holly Energy Partners LP has an analyst consensus of Strong Sell, with a price target consensus of $25.00.
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Based on Holly Energy Partners LP’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.69 million. In comparison, last year the company had a net profit of $45 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HEP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Holly Energy Partners LP engages in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units. It operates through the offices located in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho and Washington.
