Analysts Estimate Report : What to Look Out for Holly Energy Partners (NYSE:HEP)

Earnings results for Holly Energy Partners (NYSE:HEP)

Holly Energy Partners, L.P. is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.48. The reported EPS for the same quarter last year was $0.48.

Holly Energy Partners last announced its quarterly earnings results on February 22nd, 2021. The pipeline company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business earned $127.46 million during the quarter, compared to analysts’ expectations of $124.97 million. Its revenue was down 3.2% on a year-over-year basis. Holly Energy Partners has generated $1.87 earnings per share over the last year and currently has a price-to-earnings ratio of 13.0. Holly Energy Partners has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Holly Energy Partners will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Holly Energy Partners (NYSE:HEP)

8 Wall Street analysts have issued ratings and price targets for Holly Energy Partners in the last 12 months. Their average twelve-month price target is $19.33, predicting that the stock has a possible downside of 5.55%. The high price target for HEP is $22.00 and the low price target for HEP is $17.00. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Holly Energy Partners has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.33, Holly Energy Partners has a forecasted downside of 5.6% from its current price of $20.47. Holly Energy Partners has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Holly Energy Partners (NYSE:HEP)

Holly Energy Partners is a leading dividend payer. It pays a dividend yield of 6.84%, putting its dividend yield in the top 25% of dividend-paying stocks. Holly Energy Partners has only been increasing its dividend for 1 years. The dividend payout ratio of Holly Energy Partners is 74.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Holly Energy Partners will have a dividend payout ratio of 72.54% next year. This indicates that Holly Energy Partners will be able to sustain or increase its dividend.

Insiders buying/selling: Holly Energy Partners (NYSE:HEP)

In the past three months, Holly Energy Partners insiders have not sold or bought any company stock. Only 0.80% of the stock of Holly Energy Partners is held by insiders. Only 31.55% of the stock of Holly Energy Partners is held by institutions.

Earnings and Valuation of Holly Energy Partners (NYSE:HEP

Earnings for Holly Energy Partners are expected to grow by 4.32% in the coming year, from $1.85 to $1.93 per share. The P/E ratio of Holly Energy Partners is 13.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of Holly Energy Partners is 13.04, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 23.88. Holly Energy Partners has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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