HF Sinclair Corp. (DINO) Shares Up Despite Recent Market Volatility

HF Sinclair Corp. (NYSE: DINO)’s stock price has plunge by 0.99relation to previous closing price of 60.58. Nevertheless, the company has seen a -0.05% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-02 that While the hydrocarbon space might seem increasingly irrelevant amid a broader push for green and renewable infrastructure, these ideas for the most undervalued energy stocks to buy in April could change your mind. For one thing, the electric vehicle market is faltering.

Is It Worth Investing in HF Sinclair Corp. (NYSE: DINO) Right Now?

The price-to-earnings ratio for HF Sinclair Corp. (NYSE: DINO) is 7.37x, which is above its average ratio. Moreover, the 36-month beta value for DINO is 1.29. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for DINO is 175.26M and currently, short sellers hold a 4.15% of that float. On April 03, 2024, DINO’s average trading volume was 2.30M shares.

DINO’s Market Performance

DINO stock saw an increase of -0.05% in the past week, with a monthly gain of 9.62% and a quarterly increase of 10.10%. The volatility ratio for the week is 2.61%, and the volatility levels for the last 30 days are 2.74% for HF Sinclair Corp. (DINO). The simple moving average for the past 20 days is 4.09% for DINO’s stock, with a 12.08% simple moving average for the past 200 days.

Analysts’ Opinion of DINO

Many brokerage firms have already submitted their reports for DINO stocks, with BofA Securities repeating the rating for DINO by listing it as a “Buy.” The predicted price for DINO in the upcoming period, according to BofA Securities is $78 based on the research report published on March 15, 2024 of the current year 2024.

Barclays, on the other hand, stated in their research note that they expect to see DINO reach a price target of $60. The rating they have provided for DINO stocks is “Equal Weight” according to the report published on February 26th, 2024.

TD Cowen gave a rating of “Market Perform” to DINO, setting the target price at $52 in the report published on February 22nd of the current year.

DINO Trading at 6.08% from the 50-Day Moving Average

After a stumble in the market that brought DINO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.07% of loss for the given period.

Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares surge +9.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.51% upper at present.

During the last 5 trading sessions, DINO fell by -0.05%, which changed the moving average for the period of 200-days by +37.17% in comparison to the 20-day moving average, which settled at $59.05. In addition, HF Sinclair Corp. saw 10.10% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DINO starting from Fernandez Manuel J, who sale 1,213 shares at the price of $61.10 back on Mar 20 ’24. After this action, Fernandez Manuel J now owns 9,828 shares of HF Sinclair Corp., valued at $74,114 using the latest closing price.

LEE JAMES H, the Director of HF Sinclair Corp., sale 3,190 shares at $59.18 during a trade that took place back on Feb 27 ’24, which means that LEE JAMES H is holding 62,729 shares at $188,784 based on the most recent closing price.

Stock Fundamentals for DINO

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.16 for the gross margin

The net margin for HF Sinclair Corp. stands at 0.05. The total capital return value is set at 0.14. Equity return is now at value 16.23, with 8.68 for asset returns.

Based on HF Sinclair Corp. (DINO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 10.76.

Currently, EBITDA for the company is 3.08 billion with net debt to EBITDA at 0.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 17.94for trailing twelve months and the total asset turnover is 1.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.

Conclusion

To wrap up, the performance of HF Sinclair Corp. (DINO) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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