The stock of Holly Energy Partners L.P. (NYSE:HEP) increased by $0.85 on Wednesday to $22.15, up 3.99 percent. The last five days have seen an average of 429,255 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $3.97. The average number of shares traded over the last 20 days was 548,539, while the average volume over the last 50 days totaled 325,973.
HEP stock appreciated 17.76% since last month. On 08/03/23, the company’s shares reached a one-month low of $18.06. The stock touched a high of $21.84 on 08/16/23, after rallying from a low of $15.51 in 52 weeks. The price of HEP stock has risen by 22.24% or $3.97 this year, reaching a new high 14 times. Still, the stock price is up 1.42% from the 52-week high.
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Valuation Metrics
Holly Energy Partners L.P. (HEP) has a trailing price-to-earnings (P/E) ratio of 12.86. Beta for the stock is 0.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.81, the price-to-book (PB) ratio of 3.19, and the price-to-cash flow ratio of 8.79.
Company paid $0.35 per share in dividends, remained unchanged from $0.35 last year. A $0.3225 dividend decrease was reported on Thursday April 23 2020.
Financial Health
For the three months ended June 29, Holly Energy Partners L.P.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.77, and the total debt to equity ratio is 1.78. As far as profitability goes, gross margin for the trailing twelve months is 61.80% percent. Holly Energy Partners L.P.’s EBITDA margin for the year ended June 29 was 58.86%, whereas its operating margin stood at 41.20% for the same period. Based on annual data, it had gross profit of $336.86 million and revenue of $547.48 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HEP’s return on assets (ROA) during the last 12 months has been 8.00%. There was a 8.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.30%.
Earnings Surprise
According to Holly Energy Partners L.P.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $171.48 million, while revenues rose by 25.67% to $122.58 million. It was predicted that Holly Energy Partners L.P.’s quarterly earnings would be $0.4, but it ended up being $0.44, beating the consensus by -9.10%. EBITDA was $82.18 million for the quarter. At the end of Holly Energy Partners L.P.’s most recent quarter ended June 29, its liabilities totaled 1.76 billion, while its total debt was $1.56 billion. Equity owned by shareholders amounts to $126.44 million.
Technical Picture
Here’s a quick look at Holly Energy Partners L.P.’s (HEP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 76.26%, suggesting the stock is Overbought, with a 30.21% historical volatility rate.
The stochastic %K and %D were 91.10% and 92.23% respectively, while the average true range (ATR) was 0.71. Based on the 14-day stochastic reading of 95.27%, the RSI (14) reading is 74.33%. On the 9-day MACD Oscillator, the stock is at 0.53, and the 14-day reading is at 1.08.
Analyst Ratings
In its analyst report released on December 09, 2022, Citigroup began covering Holly Energy Partners L.P. (NYSE: HEP). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Holly Energy Partners L.P. (HEP) an Hold rating. HEP is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 0 others recommend it as a buy.
What is HEP’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.00 and $21.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Holly Energy Partners L.P. (HEP) is $19.33.
