Media headlines about Holly Energy Partners, L.P. (NYSE:HEP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 news sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.116307095655 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- What’s Behind Holly Energy Partners LP (HEP)’s Movement - Financial News Review (finnewsreview.com)
- HEP Stock Crowded With Sellers - Nasdaq (nasdaq.com)
- Taking a Deep Dive into Technical Levels for Holly Energy Partners LP (HEP) - Sparta Review (spartareview.com)
- 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)
Several brokerages have recently commented on HEP. BidaskClub downgraded shares of Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research 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 research report on Wednesday, July 12th. Scotiabank set a $34.00 target price on shares of Holly Energy Partners, L.P. and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Bank of America Corporation cut shares of Holly Energy Partners, L.P. from a “buy” rating to an “underperform” rating and cut their target price for the company from $39.00 to $36.00 in a research note on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.75.
Holly Energy Partners, L.P. (NYSE:HEP) opened at 30.76 on Friday. The firm has a 50 day moving average of $33.48 and a 200-day moving average of $34.36. Holly Energy Partners, L.P. has a 52 week low of $29.53 and a 52 week high of $38.09. The stock has a market capitalization of $1.98 billion, a PE ratio of 25.51 and a beta of 0.86.
Holly Energy Partners, L.P. (NYSE:HEP) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.12. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. The business had revenue of $109.14 million for the quarter, compared to analysts’ expectations of $113.12 million. During the same period in the previous year, the company earned $0.45 EPS. Holly Energy Partners, L.P.’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Holly Energy Partners, L.P. will post $1.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a dividend of $0.6325 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 8.22%. Holly Energy Partners, L.P.’s dividend payout ratio is presently 207.38%.
COPYRIGHT VIOLATION NOTICE: “Holly Energy Partners, L.P. (HEP) Given Daily Media Sentiment Rating of 0.21” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/19/holly-energy-partners-l-p-hep-getting-somewhat-positive-media-coverage-analysis-shows-updated-updated.html.
About Holly Energy Partners, L.P.
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.
Receive News & Ratings for Holly Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.
