Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Holly Energy Partners, L.P. (NYSE:HEP) Share Price
News coverage about Holly Energy Partners, L.P. (NYSE:HEP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Holly Energy Partners, L.P. earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.9339029167502 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- 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)
- Holly Energy Partners, LP (HEP) to Acquire Remaining Interests in Frontier and SLC Pipelines from Plains All … – StreetInsider.com (streetinsider.com)
- BRIEF-Holly Energy Partners to acquire remaining interests in Frontier and SLC pipelines (reuters.com)
- Holly Energy Partners buys Utah pipeline interests from Plains for $250M (seekingalpha.com)
Shares of Holly Energy Partners, L.P. (NYSE HEP) traded down 1.81% during mid-day trading on Friday, hitting $32.63. 131,115 shares of the stock were exchanged. Holly Energy Partners, L.P. has a 12 month low of $29.53 and a 12 month high of $38.09. The firm has a market cap of $2.10 billion, a P/E ratio of 27.06 and a beta of 0.86. The stock’s 50 day moving average is $33.55 and its 200 day moving average is $34.56.
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. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. The firm had revenue of $109.14 million during the quarter, compared to analysts’ expectations of $113.12 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts expect that Holly Energy Partners, L.P. will post $1.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a $0.6325 dividend. This represents a $2.53 annualized dividend and a dividend yield of 7.75%. This is a boost from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, August 3rd. Holly Energy Partners, L.P.’s dividend payout ratio (DPR) is presently 207.38%.
A number of brokerages have recently commented on HEP. BidaskClub cut shares of Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of Holly Energy Partners, L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th. Scotiabank set a $34.00 target price on shares of Holly Energy Partners, L.P. and gave the company a “hold” rating in a report 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 dropped their target price for the company from $39.00 to $36.00 in a report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.75.
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.
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