Interested In Buying HF Sinclair Corporation (DINO)? Make Sure You Read This First

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The stock of HF Sinclair Corporation (NYSE:DINO) decreased by -$0.61 on Wednesday to $65.00, down -0.93 percent. The last five days have seen an average of 1,233,423 shares of common stock traded. 37 times new highs were reached in the current year, with a gain of $32.33. The average number of shares traded over the last 20 days was 1,701,141, while the average volume over the last 50 days totaled 1,887,328.

DINO stock appreciated 11.32% since last month. On 10/25/22, the company’s shares reached a one-month low of $57.47. The stock touched a high of $65.99 on 11/15/22, after rallying from a low of $29.14 in 52 weeks. The price of DINO stock has risen by 100.15% or $32.33 this year, reaching a new high 37 times. Still, the stock price is down -1.50% from the 52-week high.


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Insider Transactions

DINO stock investors should be aware that HF Sinclair Corporation (DINO) stock had its last reported insider trading activity 6 days ago on Nov 17. On Nov 17, Chief Executive Officer Jennings Michael sold 45,500 shares at $63.46 each. This transaction resulted in the insider making $2,887,542. On Nov 10, MYERS FRANKLIN added 10,000 shares at a price of US$60.88. After the transaction, the insider now owns 119,608 shares. Director Fernandez Manuel J had earlier sold 2,675 shares on Nov 10 for $61.45 a share. The transaction was completed for $164,379.

Valuation Metrics

HF Sinclair Corporation (DINO) has a trailing price-to-earnings (P/E) ratio of 6.09. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.39, the price-to-book (PB) ratio of 1.55, and the price-to-cash flow ratio of 4.34.

Company paid $0.40 per share in dividends, remained unchanged from $0.40 last year.

Financial Health

For the three months ended September 29, HF Sinclair Corporation’s quick ratio was 1.00, while its current ratio was 2.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 18.30% percent. HF Sinclair Corporation’s operating margin stood at 9.90% for the same period. Based on annual data, it had gross profit of $2.82 billion and revenue of $18.39 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DINO’s return on assets (ROA) during the last 12 months has been 14.50%. There was a 7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.90%.

Earnings Surprise

According to HF Sinclair Corporation’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.6 billion, while revenues rose by 100.0% to $11.16 billion. It was predicted that HF Sinclair Corporation’s quarterly earnings would be $4.58, but it ended up being $4.21, beating the consensus by 8.80%. EBITDA was $1.5 billion for the quarter. At the end of HF Sinclair Corporation’s most recent quarter ended September 29, its liabilities totaled 8.45 billion, while its total debt was $3.74 billion. Equity owned by shareholders amounts to $200.73 million.

Technical Picture

Here’s a quick look at HF Sinclair Corporation’s (DINO) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 61.30%, suggesting the stock is Neutral, with a 32.69% historical volatility rate.

The stochastic %K and %D were 78.46% and 73.04% respectively, while the average true range (ATR) was 2.27. Based on the 14-day stochastic reading of 84.40%, the RSI (14) reading is 61.68%. On the 9-day MACD Oscillator, the stock is at 0.47, and the 14-day reading is at 1.15.

Analyst Ratings

HF Sinclair Corporation (NYSE: DINO) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned HF Sinclair Corporation (DINO) an Overweight rating. DINO is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

What is DINO’s price target for the next 12 months?

The current consensus forecast for the stock is between $40.00 and $86.00, with a median target price of $68.00. In analyzing these forecasts, the average price target given by analysts for HF Sinclair Corporation (DINO) is $65.92.

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