Wall Street analysts forecast that Holly Energy Partners, L.P. (NYSE:HEP) will post earnings of $0.45 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Holly Energy Partners’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.42. Holly Energy Partners reported earnings of $0.56 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 19.6%. The company is scheduled to issue its next earnings results on Tuesday, February 19th.

On average, analysts expect that Holly Energy Partners will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.72. For the next financial year, analysts forecast that the business will report earnings of $1.83 per share, with EPS estimates ranging from $1.80 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Holly Energy Partners.

Holly Energy Partners (NYSE:HEP) last posted its earnings results on Tuesday, October 30th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Holly Energy Partners had a return on equity of 33.48% and a net margin of 43.25%. The firm had revenue of $125.80 million for the quarter, compared to analyst estimates of $125.79 million. During the same quarter in the prior year, the company earned $0.66 EPS. Holly Energy Partners’s revenue was up 13.9% on a year-over-year basis.

Several equities analysts recently issued reports on HEP shares. Zacks Investment Research raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. ValuEngine raised Holly Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 25th. Scotiabank reissued a “hold” rating and set a $33.00 target price on shares of Holly Energy Partners in a research note on Monday, August 20th. JPMorgan Chase & Co. decreased their target price on Holly Energy Partners from $31.00 to $30.00 and set an “underweight” rating on the stock in a research note on Friday, August 24th. Finally, Barclays lowered Holly Energy Partners from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $30.00 to $28.00 in a research note on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.75.

HEP opened at $29.99 on Friday. Holly Energy Partners has a 12-month low of $26.08 and a 12-month high of $34.62. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.64. The stock has a market cap of $3.15 billion, a P/E ratio of 17.04 and a beta of 0.94.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Monday, October 29th were given a $0.665 dividend. The ex-dividend date was Friday, October 26th. This represents a $2.66 dividend on an annualized basis and a yield of 8.87%. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.66. Holly Energy Partners’s dividend payout ratio (DPR) is currently 151.14%.

A number of hedge funds have recently bought and sold shares of HEP. Bank of Montreal Can acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $122,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Holly Energy Partners in the 2nd quarter valued at about $230,000. Private Advisor Group LLC acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $238,000. Virtu Financial LLC acquired a new stake in Holly Energy Partners in the 2nd quarter valued at about $250,000. Finally, Russell Investments Group Ltd. acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $286,000. 31.53% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Holly Energy Partners (NYSE:HEP)

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