Brokerages expect Holly Energy Partners, L.P. (NYSE:HEP) to announce earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Holly Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.48. Holly Energy Partners reported earnings of $0.45 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The business is scheduled to issue its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Holly Energy Partners will report full-year earnings of $2.17 per share for the current financial year. For the next year, analysts forecast that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.73 to $1.79. Zacks’ EPS averages are an average based on a survey of analysts that cover Holly Energy Partners.
Holly Energy Partners (NYSE:HEP) last posted its earnings results on Wednesday, October 30th. The pipeline company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $135.90 million during the quarter, compared to analysts’ expectations of $129.88 million. Holly Energy Partners had a net margin of 42.47% and a return on equity of 40.22%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS.
Several analysts have weighed in on the company. Cfra raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Credit Suisse Group cut Holly Energy Partners from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $31.00 to $24.00 in a research note on Monday, August 19th. UBS Group dropped their price target on Holly Energy Partners from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Zacks Investment Research cut Holly Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, ValuEngine raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Sell” and a consensus price target of $24.77.
A number of hedge funds have recently bought and sold shares of the stock. HM Payson & Co. purchased a new position in Holly Energy Partners in the second quarter worth about $38,000. Tower Research Capital LLC TRC bought a new stake in shares of Holly Energy Partners during the third quarter valued at approximately $38,000. NEXT Financial Group Inc purchased a new position in Holly Energy Partners in the 2nd quarter worth approximately $41,000. North Star Investment Management Corp. purchased a new position in Holly Energy Partners in the 3rd quarter worth approximately $45,000. Finally, Aperio Group LLC bought a new position in Holly Energy Partners in the 2nd quarter valued at approximately $109,000. 31.44% of the stock is owned by institutional investors.
HEP stock traded up $0.02 during trading on Wednesday, reaching $22.15. The company had a trading volume of 26,678 shares, compared to its average volume of 226,102. Holly Energy Partners has a 52 week low of $20.81 and a 52 week high of $31.23. The company has a market cap of $2.36 billion, a P/E ratio of 13.03, a PEG ratio of 12.24 and a beta of 0.72. The business has a 50 day moving average of $22.64 and a 200 day moving average of $25.95. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.20 and a quick ratio of 1.20.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th were given a $0.6725 dividend. The ex-dividend date was Friday, October 25th. This represents a $2.69 dividend on an annualized basis and a dividend yield of 12.15%. Holly Energy Partners’s dividend payout ratio is currently 158.24%.
Holly Energy Partners Company Profile
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.
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