The Holly Energy Partners, L.P. (HEP) Earns News Impact Rating of 0.12

The Holly Energy Partners, L.P. (HEP) Earns News Impact Rating of 0.12

These are some of the news headlines that may have impacted Alpha One’s scoring:

News headlines about Holly Energy Partners, L.P. (NYSE:HEP) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne 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 news sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave press coverage about the pipeline company an impact score of 43 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Holly Energy Partners, L.P. (HEP) opened at 31.61 on Monday. The firm’s 50-day moving average price is $34.94 and its 200 day moving average price is $34.58. The stock has a market capitalization of $2.02 billion, a P/E ratio of 24.54 and a beta of 0.89. Holly Energy Partners, L.P. has a 12-month low of $29.53 and a 12-month high of $38.09. Holly Energy Partners, L.P. (NYSE:HEP) last announced its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.36. The business had revenue of $105.63 million for the quarter, compared to the consensus estimate of $117 million. Holly Energy Partners, L.P. had a net margin of 40.64% and a return on equity of 40.74%. Holly Energy Partners, L.P.’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. On average, equities analysts anticipate that Holly Energy Partners, L.P. will post $1.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 7.85%. This is a positive change from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Thursday, May 4th. Holly Energy Partners, L.P.’s payout ratio is presently 135.75%. A number of analysts have commented on HEP shares. Zacks Investment Research cut Holly Energy Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 23rd. Scotiabank reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Holly Energy Partners, L.P. in a research note on Thursday, March 23rd. Finally, Bank of America Corp lowered Holly Energy Partners, L.P. from a “buy” rating to an “underperform” rating and dropped their price target for the company from $39.00 to $36.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.40.

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 7.85%. This is a positive change from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Thursday, May 4th. Holly Energy Partners, L.P.’s payout ratio is presently 135.75%. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HEP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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