HEP Holly Energy Partners L P. Stock Price & News

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There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

Holly Energy Partners upgraded to overweight from underweight at JPMorgan, price target raised to $20 from $17

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

ANVS’ earnings beat estimates in three of the trailing four quarters and missed the mark in one, delivering an average surprise of 13.40%. ANIK’s earnings beat estimates in one of the trailing four quarters and missed the mark in the remaining three, delivering an average negative surprise of 32.12%. According to analysts, Holly Energy Partners’s stock has a predicted downside of -4.01% based on their 12-month price targets. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better.

Analyst Ratings Holly Energy Partners L.P.

The bottom-line estimate has narrowed from a loss of $3.18 to a loss of $2.77 for 2024 during the same time frame. In the past 90 days, the Zacks Consensus Estimate forAnika Therapeutics has narrowed from a loss of $1.41 per share to a loss of $1.32 for 2023. The bottom-line estimate has narrowed from a loss of 79 cents to a loss of 64 cents for 2024 during the same time frame.

AB-161 was being evaluated in an early-stage study for patients with HBV infection. We note that therewere no reported safety issues in healthy subjects who received doses of AB-161 during the early-stage study. The company recently initiated a phase Ia/Ib study on AB-101, an oral PD-L1 inhibitor. Data from preclinical studies on the candidate have indicated its ability to reactivate exhausted HBV-specific T-cells in chronic HBV patients,potentially restoring the immune response against the virus.

• As of Jun 30, 2023, the company had cash, cash equivalents and investments in marketable securities of $163.5 million compared with $178.5 million as of Mar 31, 2023.
• According to analysts, Holly Energy Partners’s stock has a predicted downside of -4.01% based on their 12-month price targets.
• Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
• Analysts like Holly Energy Partners less than other Oils/Energy companies.
• Sign-up to receive the latest news and ratings for HEP and its competitors with MarketBeat’s FREE daily newsletter.
• Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states.

Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum.

HEP Analyst Estimates

/PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Holly Energy Partners LP engages in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. It operates through the Pipelines and Terminals, and Refinery Processing Unit segments. The Pipelines and Terminals segment includes petroleum products, crude pipelines and terminal, tankage, and loading rack facilities. The company was founded in 2004 and is headquartered in Dallas, TX. 2 Wall Street analysts have issued 12-month price targets for Holly Energy Partners’ stock.

Zacks’ 7 BestStrong Buy Stocks for September, 2023

A hold rating indicates that analysts believe investors should maintain any existing positions they have in HEP, but not buy additional shares or sell existing shares. According to the issued ratings of 2 analysts in the last year, the consensus https://1investing.in/ rating for Holly Energy Partners stock is Hold based on the current 2 hold ratings for HEP. The average twelve-month price prediction for Holly Energy Partners is $20.33 with a high price target of $22.00 and a low price target of $18.00.

Their HEP share price forecasts range from $18.00 to $22.00. On average, they anticipate the company’s stock price to reach $20.33 in the next twelve months. This suggests that the stock has a possible downside of 12.5%. View analysts price targets for HEP or view top-rated stocks among Wall Street analysts. 2 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Holly Energy Partners in the last year. The consensus among Wall Street equities research analysts is that investors should “hold” HEP shares.

These are established companies that reliably pay dividends. Holly Energy Partners saw a decrease in short interest in August. As of August 31st, there was short interest totaling 902,300 shares, a decrease of 27.8% from the August 15th total of 1,250,000 shares. Based on an average daily trading volume, of 404,900 shares, the days-to-cover ratio is currently 2.2 days.

Since then, HEP shares have increased by 28.3% and is now trading at $23.24. The technique has proven to be very useful for finding positive surprises. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states.

The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment. CORT’s earnings beat estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average surprise of 6.99%.

This strategic shift is expected to extend the company’s cash runway through the third quarter of 2025. Shares of the company were up 4.8% on Sep 11, following the news. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Holly Energy Partners declared a quarterly dividend on Thursday, July 20th.

Provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals; and Refinery Processing Unit. High-growth stocks tend standard error of sample mean is inversely proportional to to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.