HF Sinclair Corporation (NYSE:DINO) finished Wednesday with a subtraction of -$1.19 to close at $55.36, a downside of -2.10 percent. An average of 1,981,640 shares of common stock have been traded in the last five days. There was a fall of -$1.29 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,274,645 shares traded, while the 50-day average volume stands at 2,045,372.
DINO stock has increased by 10.94% in the last month. The company shares reached their 1-month lowest point of $49.25 on 07/24/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $37.12 and a high of $66.19 in 52 weeks. It has reached a new high 9 times so far this year and achieved 6.69% or $3.47 in price. In spite of this, the price is down -16.36% 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 147 days ago on Mar 30. In this transaction, the insider spent $190,360,000. Chief Executive Officer, Jennings Michael, disposed of 50,000 shares at a price of $51.06 on Mar 08. The insider now owns more than $2,553,113 worth of shares. Prior to that, Director LEE JAMES H went on to Sale 4,180 shares at $50.64 each on Dec 23. An amount of $211,675 was transacted.
Valuation Metrics
HF Sinclair Corporation (DINO) has a trailing price-to-earnings (P/E) ratio of 4.69. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.29, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 4.85.
The company has a payout ratio of 14.00%. The company’s most recent quarterly dividend payment was $0.45 a share, without any change from last year. Its latest increase dividend $0.05 reported on Friday February 24 2023.
Financial Health
The quick ratio of HF Sinclair Corporation for the three months ended June 29 was 1.20, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.33 for the quarter ending June 29. HF Sinclair Corporation’s EBITDA margin for the year ending June 29 is 12.56%, while its operating margin for the same period stands at 9.70%. Its gross profit as reported stood at $7.52 billion compared to revenue of $38.2 billion.
Earnings Surprise
For the three-month period that ended June 29, HF Sinclair Corporation had $2.89 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $507.66 million in the quarter, while revenues of $353.27 million were shrunk -140.57%. The analyst consensus anticipated HF Sinclair Corporation’s latest quarter earnings to come in at $2.25 per share, but it turned out to be $2.6, a 15.60% surprise. For the quarter, EBITDA amounted to $893.72 million. Shareholders own equity worth $184.11 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at HF Sinclair Corporation (DINO) price momentum. RSI 9-day as of the close on 23 August was 48.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.13%.
As of today, DINO’s price is $56.62 -2.28% or -$1.29 from its 5-day moving average. DINO is currently trading +8.76% higher than its 20-day SMA and +12.27% higher than its 100-day SMA. However, the stock’s current price level is +21.01% above the SMA50 and -12.38% below the SMA200.
The stochastic %K and %D were 55.76% and 65.77%, respectively, and the average true range (ATR) was 1.60. With the 14-day stochastic at 33.39% and the average true range at 1.55, the RSI (14) stands at 56.28%. The stock has reached -0.78 on the 9-day MACD Oscillator while the 14-day reading was at -0.82.
Analyst Ratings
Mizuho downgraded HF Sinclair Corporation (NYSE: DINO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for HF Sinclair Corporation (DINO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DINO, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is DINO’s price target for the next 12 months?
Analysts predict a range of price targets between $48.00 and $70.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for HF Sinclair Corporation (DINO) stock is $60.25.
