Holly Energy Partners Stock Forecast, Price & News NYSE:HEP

Holly Energy Partners Stock Forecast, Price & News NYSE:HEP

hep stock price

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.

Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Discontinuation of the studies will provide the company with the financial stability needed to pursue its core HBV-focused programs. 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. Additionally, the company is discontinuing the development of all coronavirus and oral RNA destabilizer programs. It is ending the development of its oral RNA destabilizer,AB-161, due to a pre-clinical toxicology finding, which is unrelated to peripheral neuropathy.

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.

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Oil-Refiner Stocks Jumped Because They Can Make Money Off Low Crude Prices

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.

Sign-up to receive the latest news and ratings for Holly Energy Partners and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.

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.

Stockholders of record on Monday, July 31st will be paid a dividend of $0.35 per share on Friday, August 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.02%. Over the previous 90 days, Holly Energy Partners’s stock had 1 downgrade by analysts. Holly Energy Partners’ stock was trading at $18.12 at the beginning of 2023.

About MarketBeat

HollyFrontier–which was formed in July through the merger of Holly Corp… Hepatitis B is a significant global health concern affecting millions worldwide and leading to severe complications, including cirrhosis and liver cancer. Despite the availability of vaccines and treatment options, chronic HBV infection remains a pressing unmet medical need, resulting in approximately 820,000 deaths annually. Holly Energy Partners has been rated by Citigroup, and Raymond James in the past 90 days. Sign-up to receive the latest news and ratings for HEP and its competitors with MarketBeat’s FREE daily newsletter. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. We’d like to share more about how we work and what drives our day-to-day business. Arbutus’ shares have fallen 5.6% year to date compared with the industry’s 12.8% decline.

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.

Price and EPS Surprise Chart

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 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.

HF Sinclair Corporation Announces Proposal to Acquire All Outstanding Common Units of Holly Energy Partners, L.P. – Yahoo Finance

HF Sinclair Corporation Announces Proposal to Acquire All Outstanding Common Units of Holly Energy Partners, L.P..

Posted: Thu, 04 May 2023 07:00:00 GMT [source]

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.

/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.

Energy stocks gain; Halliburton rallies on results

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hep stock price

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.

Key Data

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

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 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.

  • Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
  • It operates through two segments, Pipelines and Terminals; and Refinery Processing Unit.
  • Shares of the company were up 4.8% on Sep 11, following the news.
  • Zacks Ranks stocks can, and often do, change throughout the month.
  • It operates through the Pipelines and Terminals, and Refinery Processing Unit segments.

Arbutus anticipates to report initial data from the early-stage study in the first half of 2024. Analysts like Holly Energy Partners less than other Oils/Energy companies. The consensus rating for Holly Energy Partners is Hold while the average consensus rating for oils/energy companies is Moderate Buy. 3 employees have rated Holly Energy Partners Chief Executive Officer Matt Clifton on Glassdoor.com. Matt Clifton has an approval rating of 100% among the company’s employees. This puts Matt Clifton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Holly Energy Partners (HEP) Price Target & Analyst Ratings

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.

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. https://1investing.in/ 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.

In the past 90 days, the Zacks Consensus Estimate for Corcept’s earnings has gone up from 62 cents per share to 78 cents for 2023. The bottom-line estimate has also improved from 61 cents to 83 cents for 2024 during the same time frame. In the past 90 days, the Zacks Consensus Estimate for Annovis Bio has narrowed from a loss of $4.89 per share to a loss of $4.38 for 2023.

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%.

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 where does money come from 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.

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