HF Sinclair Corporation (NYSE:DINO) saw an upside of 2.37% to $58.78 after adding $1.36 on Wednesday. The 5-day average trading volume is 2,517,361 shares of the company’s common stock. It has gained $58.91 in the past week and touched a new high 5 times within the past 5 days. An average of 1,969,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,065,408.
DINO’s 1-month performance is 25.65% or $13.13 on its low of $45.21 reached on 07/10/23. The company’s shares have touched a 52-week low of $37.12 and high of $66.19, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, DINO has achieved 13.28% or $7.00 and has reached a new high 7 times. However, the current price is down -11.20% from the 52-week high price.
Insider Transactions
DINO stock investors last saw insider trading activity on Mar 30.Holding Carol Orme (10% Owner) most recently sold 4,000,000 shares at $47.59 per share on Mar 30. This transaction cost the insider $190,360,000. Chief Executive Officer, Jennings Michael, sold 50,000 shares at a price of $51.06 on Mar 08. Then, on Dec 23, Director LEE JAMES H sold 4,180 shares at a price of $50.64 per share. This transaction amounted to $211,675.
Valuation Metrics
DINO stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 1.16, with the price to cash flow ratio at 6.32.
HF Sinclair Corporation’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 2.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.30, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 20.70%. The trailing 12-month EBITDA margin is 12.56% while for the period ending June 29, HF Sinclair Corporation’s operating margin was 8.80%. The firm’s gross profit as reported stood at $7.52 billion against revenue of $38.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -140.57% to $507.66 million, while revenue of $353.27 million was 30.41% off the previous quarter. Analysts expected DINO to announce $2.25 per share in earnings in its latest quarter, but it posted $2.6, representing a 15.60% surprise. EBITDA for the quarter stood at more than $893.72 million. DINO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.71 billion, with total debt at $3.56 billion. Shareholders hold equity totaling $184.11 million.
Let’s look briefly at HF Sinclair Corporation (DINO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 90.33% to suggest the stock is trending Overbought, with historical volatility in this time period at 17.31%.
The stock’s 5-day moving average is $56.13, reflecting a +14.08% or $7.27 change from its current price. DINO is currently trading +26.81% above its 20-day SMA, +24.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +37.14% and SMA200 by-0.59%.
Stochastic %K and %D was 99.13% and 97.15% and the average true range (ATR) pointed at 1.53. The RSI (14) points at 85.78%, while the 14-day stochastic is at 99.81% with the period’s ATR at 1.46. The stock’s 9-day MACD Oscillator is pointing at 3.31 and 4.77 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HF Sinclair Corporation (NYSE: DINO), TD Cowen reiterated its a Market perform rating for the company but lifted their price target by $50 to $44. Analysts offering their rating for DINO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DINO as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is DINO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $44.00 and a high of $70.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for HF Sinclair Corporation (DINO) stock is $59.38.
