Brokerages Expect Holly Energy Partners, L.P. (NYSE:HEP) Will Post Earnings of $0.49 Per Share

Equities analysts expect Holly Energy Partners, L.P. (NYSE:HEPGet Rating) to report earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Holly Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.51. Holly Energy Partners reported earnings per share of $0.48 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Holly Energy Partners will report full year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.85. For the next fiscal year, analysts forecast that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.88 to $2.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Holly Energy Partners.

Holly Energy Partners (NYSE:HEPGet Rating) last issued its quarterly earnings results on Monday, May 9th. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $117.25 million. Holly Energy Partners had a return on equity of 29.60% and a net margin of 41.05%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS.

HEP has been the subject of a number of recent research reports. Raymond James dropped their target price on Holly Energy Partners from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, February 23rd. TheStreet downgraded Holly Energy Partners from a “b-” rating to a “c” rating in a research report on Tuesday, March 15th. Barclays dropped their target price on Holly Energy Partners from $17.00 to $15.00 in a research report on Thursday, February 24th. StockNews.com downgraded Holly Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. Finally, Zacks Investment Research raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.

NYSE:HEP traded up $0.31 during mid-day trading on Friday, reaching $17.50. The stock had a trading volume of 69,495 shares, compared to its average volume of 164,421. The firm has a 50 day moving average price of $17.61 and a two-hundred day moving average price of $17.49. The stock has a market capitalization of $2.21 billion, a P/E ratio of 9.36 and a beta of 0.87. Holly Energy Partners has a one year low of $15.61 and a one year high of $23.69. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.11 and a current ratio of 1.11.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, May 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, April 29th. This represents a $1.40 dividend on an annualized basis and a yield of 8.00%. Holly Energy Partners’s dividend payout ratio (DPR) is currently 74.87%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Holly Energy Partners by 4.5% during the first quarter. Royal Bank of Canada now owns 29,919 shares of the pipeline company’s stock valued at $529,000 after buying an additional 1,288 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Holly Energy Partners by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 49,937 shares of the pipeline company’s stock valued at $883,000 after buying an additional 1,499 shares during the period. BNP Paribas Arbitrage SA grew its stake in Holly Energy Partners by 12.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 14,860 shares of the pipeline company’s stock worth $245,000 after purchasing an additional 1,656 shares during the period. Tortoise Index Solutions LLC grew its stake in Holly Energy Partners by 5.8% in the fourth quarter. Tortoise Index Solutions LLC now owns 36,178 shares of the pipeline company’s stock worth $597,000 after purchasing an additional 1,986 shares during the period. Finally, Vident Investment Advisory LLC grew its stake in Holly Energy Partners by 5.8% in the fourth quarter. Vident Investment Advisory LLC now owns 36,178 shares of the pipeline company’s stock worth $597,000 after purchasing an additional 1,986 shares during the period.

About Holly Energy Partners (Get Rating)

Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals, and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil.

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