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

Holly Energy Partners, L.P. (NYSE:HEP) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 34.06% and a return on equity of 34.14%. Holly Energy Partners, L.P.’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. 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 33.30 on Tuesday. The firm has a 50-day moving average of $34.07 and a 200-day moving average of $33.67. The firm has a market capitalization of $2.14 billion, a PE ratio of 27.61 and a beta of 0.88. Holly Energy Partners, L.P. has a 1-year low of $29.53 and a 1-year high of $38.09.

TRADEMARK VIOLATION NOTICE: “Holly Energy Partners, L.P. (HEP) Set to Announce Earnings on Tuesday” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/24/holly-energy-partners-l-p-hep-set-to-announce-earnings-on-tuesday.html.

Several equities research analysts have recently commented on HEP shares. UBS AG cut their price objective on Holly Energy Partners, L.P. from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Wells Fargo & Company cut their price objective on Holly Energy Partners, L.P. from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Friday. Zacks Investment Research raised Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub downgraded Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Scotiabank set a $34.00 price objective on Holly Energy Partners, L.P. and gave the company a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued 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.

About Holly Energy Partners, L.P.

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)

Receive News & Ratings for Holly Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.