The stock of HF Sinclair Corporation (NYSE:DINO) decreased by -$1.73 on Tuesday to finish at $56.22, down -2.99 percent. The last five days have seen an average of 1,906,620 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $4.33. The average number of shares traded over the last 20 days was 2,118,770, while the average volume over the last 50 days totaled 2,025,728.
DINO stock appreciated 22.06% since last month. On 07/17/23, the company’s shares reached a one-month low of $45.63. The stock touched a high of $66.19 on 08/11/23, after rallying from a low of $37.12 in 52 weeks. The price of DINO stock has risen by 8.34% or $4.33 this year, reaching a new high 9 times. Still, the stock price is down -15.06% 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 139 days ago on Mar 30. On Mar 30, 10% Owner Holding Carol Orme sold 4,000,000 shares at $47.59 each. This transaction resulted in the insider making $190,360,000. On Mar 08, Jennings Michael sold 50,000 shares at a price of US$51.06. After the transaction, the insider now owns 182,859 shares. Director LEE JAMES H had earlier sold 4,180 shares on Dec 23 for $50.64 a share. The transaction was completed for $211,675.
Valuation Metrics
HF Sinclair Corporation (DINO) has a trailing price-to-earnings (P/E) ratio of 4.77. Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 1.11, and the price-to-cash flow ratio of 4.91.
Company paid $0.45 per share in dividends, remained unchanged from $0.45 last year. A $0.05 dividend increase was reported on Friday February 24 2023.
Financial Health
For the three months ended June 29, HF Sinclair Corporation’s quick ratio was 1.20, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.30, and the total debt to equity ratio is 0.33. As far as profitability goes, gross margin for the trailing twelve months is 19.80% percent. HF Sinclair Corporation’s EBITDA margin for the year ended June 29 was 12.56%, whereas its operating margin stood at 9.70% for the same period. Based on annual data, it had gross profit of $7.52 billion and revenue of $38.2 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 13.10%. There was a 25.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.60%.
Earnings Surprise
According to HF Sinclair Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.83 billion, while revenues fell by -42.49% to $7.57 billion. It was predicted that HF Sinclair Corporation’s quarterly earnings would be $2.6, but it ended up being $2.25, beating the consensus by 15.60%. EBITDA was $893.72 million for the quarter. At the end of HF Sinclair Corporation’s most recent quarter ended June 29, its liabilities totaled 7.71 billion, while its total debt was $3.56 billion. Equity owned by shareholders amounts to $184.11 million.
Technical Picture
Here’s a quick look at HF Sinclair Corporation’s (DINO) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 59.99%, suggesting the stock is Neutral, with a 34.94% historical volatility rate.
The stochastic %K and %D were 81.40% and 88.19% respectively, while the average true range (ATR) was 1.62. Based on the 14-day stochastic reading of 63.43%, the RSI (14) reading is 64.80%. On the 9-day MACD Oscillator, the stock is at 0.92, and the 14-day reading is at 2.80.
Analyst Ratings
HF Sinclair Corporation (NYSE: DINO) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned HF Sinclair Corporation (DINO) an Overweight rating. DINO is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate 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 $44.00 and $70.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for HF Sinclair Corporation (DINO) is $59.62.
