As of Friday close, HF Sinclair Corporation’s (NYSE:DINO) stock was up $1.9, moving up 3.58 percent to $54.94. The average number of shares traded per day over the past five days has been 2,655,880 shares. 5 times new highs have been achieved over the past 5 days, with a $3.34 gain in that time frame. In the last twenty days, the average volume was 1,955,680, while in the previous 50 days, it was 2,095,958.
Since last month, DINO stock rose 22.99%. Shares of the company fell to $43.29 on 07/06/23, the lowest level in the past month. A 52-week high of $66.19 was reached on 01/26/23 after having rallying from a 52-week low of $37.12. Since the beginning of this year, DINO’s stock price has risen by 5.88% or $3.05, and marked a new high 7 times. However, the stock has declined by -17.00% since its 52-week high.
DINO stock investors should be aware that HF Sinclair Corporation (DINO) stock had its last reported insider trading activity 128 days ago on Mar 30. Holding Carol Orme, the 10% Owner of the company, disposed of 4,000,000 shares for $47.59 on Mar 30. It resulted in a $190,360,000 divestment by the insider. Jennings Michael sold 50,000 shares at an average price of $51.06 on Mar 08. The insider now owns 182,859 shares following the transaction. On Dec 23, Director LEE JAMES H sold 4,180 shares at $50.64 apiece. The transaction was valued at $211,675.
Valuation Metrics
Right now, HF Sinclair Corporation (DINO) has a P/E ratio of about 3.67. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 1.16.
The latest dividend of $0.45 per share was paid out, remained unchanged from last year’s $0.45. On Friday February 24 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, HF Sinclair Corporation’s quick ratio stood at 1.00, while its current ratio was 2.10, 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 0.32, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 20.70% percent. Based on annual data, DINO earned $7.52 billion in gross profit and brought in $38.2 billion in revenue.
In HF Sinclair Corporation’s quarter-end financial report for June 29, it reported total debt of $2.89 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DINO’s revenue fell -42.49% to $7.57 billion during the quarter, while net income inched up to $7.83 billion. While analysts expected HF Sinclair Corporation to report $2.25 quarterly earnings, the actual figure was $2.6 per share, beating the consensus estimate by 15.60%. During the quarter, the company generated $893.72 million in EBITDA. The liabilities of HF Sinclair Corporation were 7.71 billion at the end of its most recent quarter ended June 29, and its total debt was $3.62 billion. The value of shareholders’ equity is $184.11 million.
Technical Picture
This quick technical analysis looks at HF Sinclair Corporation’s (DINO) price momentum. With a historical volatility rate of 23.38%, the RSI 9-day stood at 83.91% on 04 August.
With respect to its five-day moving average, the current HF Sinclair Corporation price is up by +6.47% percent or $3.34. At present, DINO shares trade +20.06% above its 20-day simple moving average and +17.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.38% above its SMA50 and -2.57% below its SMA200.
Stochastic coefficient K was 91.40% and Stochastic coefficient D was 91.73%, while ATR was 1.47. Given the Stochastic reading of 92.27% for the 14-day period, the RSI (14) reading has been calculated as 79.71%. As of today, the MACD Oscillator reading stands at 1.30, while the 14-day reading stands at 2.58.
Analyst Ratings
TD Cowen reiterated its a Market perform rating on HF Sinclair Corporation (NYSE: DINO) in a note to investors. The analysts firm has however raised their price target to $44, representing a possible -9.88% increase in the stock price. HF Sinclair Corporation (DINO) has been rated Overweight by analysts. According to 1 brokerage firm, DINO is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate HF Sinclair Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $57.00, the current consensus forecast for the stock is $44.00 – $70.00. Based on these forecasts, analysts predict HF Sinclair Corporation (DINO) will achieve an average price target of $58.46.
