The stock price of HF Sinclair Corp. (NYSE: DINO) has plunged by -4.35 when compared to previous closing price of 45.24, but the company has seen a -2.79% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-09-13 that DALLAS–(BUSINESS WIRE)–HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) plans to announce results for the quarter ending September 30, 2024, on October 31, 2024, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on October 31, 2024, at 9:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.com/attendee/465594914 An audio archive of this webcast will be available using the above noted link through N.
Is It Worth Investing in HF Sinclair Corp. (NYSE: DINO) Right Now?
The price-to-earnings ratio for HF Sinclair Corp. (NYSE: DINO) is above average at 6.92x. The 36-month beta value for DINO is also noteworthy at 1.15. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DINO is 174.11M, and at present, short sellers hold a 4.59% of that float. The average trading volume of DINO on October 16, 2024 was 2.10M shares.
DINO’s Market Performance
DINO stock saw a decrease of -2.79% in the past week, with a monthly decline of -4.48% and a quarterly a decrease of -11.98%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.97% for HF Sinclair Corp. (DINO). The simple moving average for the last 20 days is -5.02% for DINO stock, with a simple moving average of -18.52% for the last 200 days.
Analysts’ Opinion of DINO
BofA Securities, on the other hand, stated in their research note that they expect to see DINO reach a price target of $78, previously predicting the price at $62. The rating they have provided for DINO stocks is “Buy” according to the report published on March 15th, 2024.
Barclays gave a rating of “Equal Weight” to DINO, setting the target price at $60 in the report published on February 26th of the current year.
DINO Trading at -6.60% 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 -32.56% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -7.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.10% lower at present.
During the last 5 trading sessions, DINO fell by -2.79%, which changed the moving average for the period of 200-days by -22.18% in comparison to the 20-day moving average, which settled at $45.56. In addition, HF Sinclair Corp. saw -22.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DINO starting from MYERS FRANKLIN, who purchase 2,000 shares at the price of $52.04 back on Jun 12 ’24. After this action, MYERS FRANKLIN now owns 140,293 shares of HF Sinclair Corp., valued at $104,080 using the latest closing price.
MYERS FRANKLIN, the Director of HF Sinclair Corp., purchase 6,500 shares at $57.37 during a trade that took place back on May 20 ’24, which means that MYERS FRANKLIN is holding 138,293 shares at $372,905 based on the most recent closing price.
Stock Fundamentals for DINO
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.11 for the gross margin
The net margin for HF Sinclair Corp. stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 12.10, with 6.66 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 0.72. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 8.84.
Currently, EBITDA for the company is 3.08 billion with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.33. The receivables turnover for the company is 18.91for trailing twelve months and the total asset turnover is 1.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In summary, HF Sinclair Corp. (DINO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
