Media headlines about Holly Energy Partners (NYSE:HEP) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. 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 earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 44.8254001365283 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Hess Concludes Sale of Norwegian Oil & Gas Assets for $2B – Nasdaq (nasdaq.com)
- Statoil (STO) Submits Bid for 760 MW Offshore Wind Project – Nasdaq – Nasdaq (nasdaq.com)
- Eni Conducts Successful Test of Tecoalli-2 Offshore Mexico – Nasdaq (nasdaq.com)
- Pioneer Energy (PES) Catches Eye: Stock Jumps 12.2% (finance.yahoo.com)
Several research firms have commented on HEP. Goldman Sachs Group lowered shares of Holly Energy Partners from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Monday, December 18th. Scotiabank set a $34.00 price objective on shares of Holly Energy Partners and gave the company a “hold” rating in a research note on Saturday, December 9th. Barclays restated an “equal weight” rating and set a $35.00 price target on shares of Holly Energy Partners in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Holly Energy Partners from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, November 3rd. Finally, UBS Group lowered shares of Holly Energy Partners from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.71.
Holly Energy Partners (NYSE:HEP) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. Holly Energy Partners had a net margin of 34.35% and a return on equity of 34.29%. The company had revenue of $110.40 million during the quarter, compared to analyst estimates of $113.01 million. During the same quarter last year, the business posted $0.33 EPS. Holly Energy Partners’s quarterly revenue was up 19.2% compared to the same quarter last year. equities research analysts anticipate that Holly Energy Partners will post 1.58 earnings per share for the current fiscal year.
In other news, Director Michael Jennings sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.51, for a total transaction of $130,040.00. Following the completion of the sale, the director now owns 22,978 shares in the company, valued at approximately $747,014.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.
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Holly Energy Partners 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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