Holly Energy Partners (NYSE:HEP) posted its earnings results on Tuesday. The pipeline company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06, MarketWatch Earnings reports. The firm had revenue of $127.46 million for the quarter, compared to analyst estimates of $124.97 million. Holly Energy Partners had a return on equity of 40.34% and a net margin of 32.83%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share.
Shares of NYSE HEP opened at $16.02 on Wednesday. The business’s 50 day moving average price is $14.98 and its two-hundred day moving average price is $13.81. The company has a market cap of $1.69 billion, a PE ratio of 10.20 and a beta of 1.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 3.12. Holly Energy Partners has a twelve month low of $6.57 and a twelve month high of $23.37.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Tuesday, February 2nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date was Monday, February 1st. Holly Energy Partners’s dividend payout ratio (DPR) is presently 74.87%.
Several analysts have issued reports on the company. UBS Group dropped their price target on Holly Energy Partners from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Credit Suisse Group downgraded Holly Energy Partners from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Thursday, December 17th. Finally, Zacks Investment Research raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.57.
About Holly Energy Partners
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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