Holly Energy Partners, L.P. (HEP) Set to Announce Quarterly Earnings on Tuesday

Holly Energy Partners, L.P. (NYSE:HEP) is set to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.12). The business had revenue of $109.14 million during the quarter, compared to analyst estimates of $113.12 million. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. Holly Energy Partners, L.P.’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, analysts expect Holly Energy Partners, L.P. to post $1.39 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.

Shares of Holly Energy Partners, L.P. (NYSE:HEP) opened at 33.53 on Friday. Holly Energy Partners, L.P. has a one year low of $29.53 and a one year high of $38.09. The firm has a market cap of $2.16 billion, a P/E ratio of 27.80 and a beta of 0.88. The firm has a 50-day moving average price of $34.12 and a 200 day moving average price of $33.61.

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be given a dividend of $0.645 per share. The ex-dividend date of this dividend is Friday, November 3rd. Holly Energy Partners, L.P.’s dividend payout ratio is currently 207.38%.

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Several research analysts have recently issued reports on the company. Scotiabank set a $34.00 price objective on Holly Energy Partners, L.P. and gave the stock a “hold” rating in a research report on Friday, July 21st. Zacks Investment Research raised Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Wells Fargo & Company decreased their target price on Holly Energy Partners, L.P. from $35.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 20th. Finally, UBS AG decreased their target price on Holly Energy Partners, L.P. from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.

Holly Energy Partners, L.P. Company Profile

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.

Earnings History for Holly Energy Partners, L.P. (NYSE:HEP)

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