Holly Energy Partners (NYSE:HEP) is scheduled to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Holly Energy Partners (NYSE:HEP) last issued its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Holly Energy Partners had a net margin of 36.16% and a return on equity of 37.40%. The firm had revenue of $130.80 million for the quarter, compared to analyst estimates of $128.07 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts expect Holly Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of HEP stock opened at $23.60 on Wednesday. Holly Energy Partners has a 12 month low of $20.81 and a 12 month high of $31.63. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.44 billion, a P/E ratio of 13.88, a P/E/G ratio of 12.55 and a beta of 0.72. The company’s fifty day moving average price is $24.83 and its two-hundred day moving average price is $26.95.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, October 28th will be issued a $0.6725 dividend. The ex-dividend date is Friday, October 25th. This represents a $2.69 dividend on an annualized basis and a yield of 11.40%. Holly Energy Partners’s dividend payout ratio is currently 158.24%.
In other news, Director Eric L. Mattson sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.55, for a total value of $55,100.00. Following the sale, the director now owns 4,198 shares in the company, valued at approximately $115,654.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.
A number of equities analysts have commented on HEP shares. Raymond James lowered shares of Holly Energy Partners from a “market perform” rating to an “underperform” rating and set a $26.86 price objective on the stock. in a report on Wednesday, June 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Holly Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. TheStreet lowered shares of Holly Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, October 11th. Credit Suisse Group lowered shares of Holly Energy Partners from a “neutral” rating to an “underperform” rating and cut their target price for the company from $31.00 to $24.00 in a research note on Monday, August 19th. Finally, UBS Group cut their target price on shares of Holly Energy Partners from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Holly Energy Partners currently has an average rating of “Hold” and an average price target of $24.77.
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.
Featured Story: Dividend Reinvestment Plan (DRIP)
Receive News & Ratings for Holly Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.