As of Friday close, Holly Energy Partners L.P.’s (NYSE:HEP) stock was down -$0.48, moving down -2.11 percent to $22.23. The average number of shares traded per day over the past five days has been 958,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 475,505, while in the previous 50 days, it was 557,930.
Since last month, HEP stock rose 4.12%. Shares of the company fell to $21.20 on 08/24/23, the lowest level in the past month. A 52-week high of $23.62 was reached on 09/11/23 after having rallying from a 52-week low of $15.51. Since the beginning of this year, HEP’s stock price has risen by 22.68% or $4.11, and marked a new high 17 times. However, the stock has declined by -5.88% since its 52-week high.
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Valuation Metrics
Right now, Holly Energy Partners L.P. (HEP) has a P/E ratio of about 12.90. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 4.99, the price-to-book (PB) ratio of 3.20, and the price-to-cash flow ratio of 9.13 may also be considered.
The latest dividend of $0.35 per share was paid out, remained unchanged from last year’s $0.35. On Thursday April 23 2020, a $0.3225 dividend decrease was announced.
Financial Health
In the three months ended June 29, Holly Energy Partners L.P.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.77, and the total debt-to-equity ratio was 1.78. On the profitability front, the trailing twelve-month gross margin is 61.80% percent. In the year ended June 29, EBITDA margin amounted to 58.86%, whereas operating margins totaled 41.20%. Based on annual data, HEP earned $336.86 million in gross profit and brought in $547.48 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.90%. Return on equity (ROE) for the past 12 months was 25.30%.
In Holly Energy Partners L.P.’s quarter-end financial report for June 29, it reported total debt of $1.56 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HEP’s revenue rose 25.67% to $122.58 million during the quarter, while net income inched up to $171.48 million. While analysts expected Holly Energy Partners L.P. to report $0.44 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by -9.10%. During the quarter, the company generated $82.18 million in EBITDA. The liabilities of Holly Energy Partners L.P. were 1.76 billion at the end of its most recent quarter ended June 29, and its total debt was $1.56 billion. The value of shareholders’ equity is $126.44 million.
Technical Picture
This quick technical analysis looks at Holly Energy Partners L.P.’s (HEP) price momentum. With a historical volatility rate of 21.29%, the RSI 9-day stood at 45.28% on 22 September.
With respect to its five-day moving average, the current Holly Energy Partners L.P. price is down by -1.59% percent or -$0.36. At present, HEP shares trade +3.25% above its 20-day simple moving average and +35.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.57% above its SMA50 and +17.87% above its SMA200.
Stochastic coefficient K was 44.99% and Stochastic coefficient D was 53.94%, while ATR was 0.58. Given the Stochastic reading of 28.35% for the 14-day period, the RSI (14) reading has been calculated as 51.42%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.30.
Analyst Ratings
Citigroup launched its rating on Holly Energy Partners L.P. (NYSE: HEP) to a Neutral in a note to investors on December 09, 2022. Holly Energy Partners L.P. (HEP) has been rated Underweight by analysts. According to 1 brokerage firm, HEP is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Holly Energy Partners L.P. stock as buy, with 0 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $20.00 – $22.00. Based on these forecasts, analysts predict Holly Energy Partners L.P. (HEP) will achieve an average price target of $21.00.
