Holly Energy Partners, L.P. (HEP) Receives Daily Media Impact Rating of 0.20
News stories about Holly Energy Partners, L.P. (NYSE:HEP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Holly Energy Partners, L.P. earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 46.6481921537387 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Holly Energy Partners, LP Announces Pricing of $100 Million of Senior Notes Due 2024 – Business Wire (press release) (businesswire.com)
- How Does Holly Energy Partners’ High-Yield Partnership Hold Up to Enterprise Products Partners? – Madison.com (host.madison.com)
- Energy Market Commentary: Demand For Crude Oil Strengthening (business.nasdaq.com)
- Holly Energy Partners LP Proposes Additional Debt Offering Of Senior Notes (oilandgasinvestor.com)
- BRIEF-Holly Energy Partners announces proposed tack-on offering of senior notes (reuters.com)
Holly Energy Partners, L.P. (NYSE:HEP) opened at 33.99 on Friday. The stock has a 50 day moving average price of $32.80 and a 200 day moving average price of $33.74. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 28.18 and a beta of 0.87. Holly Energy Partners, L.P. has a 52-week low of $29.53 and a 52-week high of $38.09.
Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.12). The company had revenue of $109.14 million for the quarter, compared to analysts’ expectations of $113.12 million. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. Analysts expect that Holly Energy Partners, L.P. will post $1.41 EPS for the current fiscal year.
HEP has been the subject of several recent research reports. BidaskClub raised Holly Energy Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Scotiabank set a $34.00 price objective on Holly Energy Partners, L.P. and gave the company a “hold” rating in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Holly Energy Partners, L.P. currently has a consensus rating of “Sell” and a consensus target price of $37.00.
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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.
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