HEP Stock Overview
Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States.
Holly Energy Partners Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$17.28|
|52 Week High||US$20.49|
|52 Week Low||US$15.12|
|1 Month Change||5.24%|
|3 Month Change||0.76%|
|1 Year Change||-4.95%|
|3 Year Change||-37.12%|
|5 Year Change||-43.01%|
|Change since IPO||40.77%|
Recent News & Updates
Holly Energy Partners Q2 2022 Earnings Preview
Holly Energy Partners (NYSE:HEP) is scheduled to announce Q2 earnings results on Monday, August 8th, before market open. The consensus EPS Estimate is $0.52 (+8.3% Y/Y) and the consensus Revenue Estimate is $124.17M (-1.6% Y/Y). Over the last 2 years, HEP has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 0 downward. Revenue estimates have seen 1 upward revision and 0 downward.
Holly Energy Partners declares $0.35 dividend
Holly Energy Partners (NYSE:HEP) declared $0.35/share quarterly dividend, in line with previous. Forward yield 8.3% Payable Aug. 12; for shareholders of record Aug. 1; ex-div July 29. See HEP Dividend Scorecard, Yield Chart, & Dividend Growth.
|HEP||US Oil and Gas||US Market|
Return vs Industry: HEP underperformed the US Oil and Gas industry which returned 58.4% over the past year.
Return vs Market: HEP exceeded the US Market which returned -10.2% over the past year.
|HEP Average Weekly Movement||5.6%|
|Oil and Gas Industry Average Movement||8.8%|
|Market Average Movement||7.7%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: HEP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HEP's weekly volatility (6%) has been stable over the past year.
About the Company
Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals, and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil.
Holly Energy Partners Fundamentals Summary
|HEP fundamental statistics|
Is HEP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HEP income statement (TTM)|
|Cost of Revenue||US$183.62m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.59|
|Net Profit Margin||40.36%|
How did HEP perform over the long term?See historical performance and comparison
8.1%Current Dividend Yield
Is HEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HEP?
Other financial metrics that can be useful for relative valuation.
|What is HEP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HEP's PE Ratio compare to its peers?
|HEP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
RTLR Rattler Midstream
EE Excelerate Energy
GLNG Golar LNG
DKL Delek Logistics Partners
HEP Holly Energy Partners
Price-To-Earnings vs Peers: HEP is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (21.1x).
Price to Earnings Ratio vs Industry
How does HEP's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Earnings vs Industry: HEP is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the US Oil and Gas industry average (9.8x)
Price to Earnings Ratio vs Fair Ratio
What is HEP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.9x|
|Fair PE Ratio||15.6x|
Price-To-Earnings vs Fair Ratio: HEP is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).
Share Price vs Fair Value
What is the Fair Price of HEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HEP ($17.28) is trading below our estimate of fair value ($39.38)
Significantly Below Fair Value: HEP is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Holly Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEP's forecast earnings growth (7.4% per year) is above the savings rate (1.9%).
Earnings vs Market: HEP's earnings (7.4% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: HEP's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEP's revenue (2.1% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: HEP's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HEP's Return on Equity is forecast to be high in 3 years time
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How has Holly Energy Partners performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEP has high quality earnings.
Growing Profit Margin: HEP's current net profit margins (40.4%) are higher than last year (37.1%).
Past Earnings Growth Analysis
Earnings Trend: HEP's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: HEP's earnings growth over the past year (6.4%) is below its 5-year average (6.9% per year).
Earnings vs Industry: HEP earnings growth over the past year (6.4%) underperformed the Oil and Gas industry 188.3%.
Return on Equity
High ROE: Whilst HEP's Return on Equity (22.22%) is high, this metric is skewed due to their high level of debt.
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How is Holly Energy Partners's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HEP's short term assets ($99.4M) exceed its short term liabilities ($84.1M).
Long Term Liabilities: HEP's short term assets ($99.4M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: HEP's net debt to equity ratio (165%) is considered high.
Reducing Debt: HEP's debt to equity ratio has reduced from 237.2% to 166.6% over the past 5 years.
Debt Coverage: HEP's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: HEP's interest payments on its debt are well covered by EBIT (29.9x coverage).
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What is Holly Energy Partners's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HEP's dividend (8.1%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: HEP's dividend (8.1%) is in the top 25% of dividend payers in the US market (3.95%)
Stability and Growth of Payments
Stable Dividend: HEP's dividend payments have been volatile in the past 10 years.
Growing Dividend: HEP's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78%), HEP's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.8%), HEP's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Jennings (56 yo)
Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer of HollyFrontier Corporation since March 14, 2022 and serves as its Director. He serves as Chief Executive Officer of HF Sincl...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.29M) is below average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
Experienced Management: HEP's management team is considered experienced (2.8 years average tenure).
Experienced Board: HEP's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.9%.
Holly Energy Partners, L.P.'s employee growth, exchange listings and data sources
- Name: Holly Energy Partners, L.P.
- Ticker: HEP
- Exchange: NYSE
- Founded: 2004
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$2.185b
- Shares outstanding: 126.44m
- Website: https://www.hollyenergy.com
- Holly Energy Partners, L.P.
- 2828 North Harwood
- Suite 1300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.