Raymond James analyst Justin Jenkins maintained a Buy rating on Holly Energy Partners (NYSE:HEP) LP on Thursday, setting a price target of $21, which is approximately 6.38% above the present share price of $19.74.
Jenkins expects Holly Energy Partners LP to post earnings per share (EPS) of $0.49 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Holly Energy Partners, with an average price target of $20.75.
The analysts price targets range from a high of $23 to a low of $18.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $127.46 million and a net profit of $62.69 million. The company's market cap is $2.08 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.1% and a 59.95% success rate.
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 Pipelines & Terminals and Refinery Processing Unit segments. The company was founded by 2004 and is headquartered in Dallas, TX.