Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Holly Energy Partners, L.P. (NYSE:HEP) Stock Price

News headlines about Holly Energy Partners, L.P. (NYSE:HEP) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Holly Energy Partners, L.P. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 47.0565501181214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

• Holly Energy Partners, L.P. (HEP) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
• Holly Energy To Buy Remaining Interests In Two Pipelines – Oil and Gas Investor (registration) (oilandgasinvestor.com)
• Holly Energy Partners LP breached its 50 day moving average in a Bearish Manner : HEP-US : August 14, 2017 (finance.yahoo.com)
• Holly Energy Partners to buy rest of Frontier and SLC Pipelines (wyomingbusinessreport.com)
• Chaiken Money Flow For Holly Energy Partners LP (HEP) Above Zero – Evergreen Caller (evergreencaller.com)

Shares of Holly Energy Partners, L.P. (HEP) traded down 0.70% during mid-day trading on Wednesday, hitting $31.43. 159,947 shares of the stock were exchanged. The company has a 50-day moving average of $33.55 and a 200 day moving average of $34.43. Holly Energy Partners, L.P. has a one year low of $29.53 and a one year high of $38.09. The stock has a market cap of $2.02 billion, a PE ratio of 26.06 and a beta of 0.86.

Holly Energy Partners, L.P. (NYSE:HEP) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.12. The firm had revenue of $109.14 million for the quarter, compared to analysts’ expectations of $113.12 million. Holly Energy Partners, L.P. had a net margin of 34.06% and a return on equity of 34.14%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, equities analysts predict that Holly Energy Partners, L.P. will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a dividend of $0.6325 per share. This is an increase from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, August 3rd. This represents a $2.53 annualized dividend and a dividend yield of 8.05%. Holly Energy Partners, L.P.’s dividend payout ratio is presently 207.38%.

A number of brokerages have recently issued reports on HEP. BidaskClub downgraded shares of Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Scotiabank set a $34.00 price target on shares of Holly Energy Partners, L.P. and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Bank of America Corporation downgraded shares of Holly Energy Partners, L.P. from a “buy” rating to an “underperform” rating and cut their price target for the stock from $39.00 to $36.00 in a report on Thursday, May 4th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Holly Energy Partners, L.P. currently has an average rating of “Hold” and an average price target of $36.75.

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Holly Energy Partners, L.P. Company Profile

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.