Positive News Coverage Somewhat Unlikely to Affect Holly Energy Partners, L.P. (HEP) Share Price

Media coverage about Holly Energy Partners, L.P. (NYSE:HEP) has trended positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public 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 0.27 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.4045314471012 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

A number of equities analysts have recently weighed in on HEP shares. BidaskClub lowered Holly Energy Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Scotiabank set a $34.00 target price on Holly Energy Partners, L.P. and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research lowered Holly Energy Partners, L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of $35.00.

Shares of Holly Energy Partners, L.P. (NYSE HEP) opened at 34.43 on Wednesday. The company has a market cap of $2.21 billion, a P/E ratio of 28.55 and a beta of 0.88. The company’s 50-day moving average price is $33.43 and its 200 day moving average price is $33.75. Holly Energy Partners, L.P. has a one year low of $29.53 and a one year high of $38.09.

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 Zacks’ consensus estimate 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 net margin of 34.06% and a return on equity of 34.14%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Holly Energy Partners, L.P. will post $1.39 earnings per share for the current year.

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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.

Insider Buying and Selling by Quarter for Holly Energy Partners, L.P. (NYSE:HEP)

Insider Buying and Selling by Quarter for Holly Energy Partners, L.P. (NYSE:HEP)

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