A number of research firms have changed their ratings and price targets for Holly Energy Partners, L.P. (NYSE: HEP):

  • 11/10/2017 – Holly Energy Partners, L.P. had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $35.00 price target on the stock.
  • 11/3/2017 – Holly Energy Partners, L.P. was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $36.00 price target on the stock.
  • 11/3/2017 – Holly Energy Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 10/23/2017 – Holly Energy Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 10/20/2017 – Holly Energy Partners, L.P. was given a new $34.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 10/20/2017 – Holly Energy Partners, L.P. had its price target lowered by analysts at Wells Fargo & Company from $35.00 to $34.00. They now have a “market perform” rating on the stock.
  • 10/17/2017 – Holly Energy Partners, L.P. had its price target lowered by analysts at UBS AG from $39.00 to $36.00. They now have a “buy” rating on the stock.
  • 10/16/2017 – Holly Energy Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “

Holly Energy Partners, L.P. (NYSE HEP) traded down $0.15 during midday trading on Monday, hitting $32.75. 63,800 shares of the company’s stock were exchanged, compared to its average volume of 176,723. The company has a market capitalization of $2,106.45, a PE ratio of 18.82, a PEG ratio of 10.36 and a beta of 0.89. Holly Energy Partners, L.P. has a 12-month low of $30.10 and a 12-month high of $38.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.69.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.20. The company had revenue of $110.40 million for the quarter, compared to analyst estimates of $113.01 million. Holly Energy Partners, L.P. had a net margin of 34.35% and a return on equity of 34.29%. Holly Energy Partners, L.P.’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. analysts expect that Holly Energy Partners, L.P. will post 1.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be issued a $0.645 dividend. This is a positive change from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.58 annualized dividend and a yield of 7.88%. Holly Energy Partners, L.P.’s payout ratio is presently 166.45%.

Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

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