HF Sinclair (NYSE:DINO) Announces Earnings Results, Misses Expectations By $0.11 EPS

HF Sinclair (NYSE:DINO) issued its quarterly earnings results on Thursday. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11), Zacks reports. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%.

HF Sinclair Price Performance

HF Sinclair stock traded down $0.31 during midday trading on Friday, hitting $37.13. 662,585 shares of the company’s stock were exchanged, compared to its average volume of 2,626,507. HF Sinclair has a 52-week low of $33.47 and a 52-week high of $64.16. The stock has a 50-day moving average price of $36.01 and a two-hundred day moving average price of $41.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market cap of $6.99 billion, a P/E ratio of 23.00 and a beta of 1.22.

Insider Buying and Selling

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Barclays reduced their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.