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

HF Sinclair (NYSE:DINO) issued its quarterly earnings results on Thursday. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11), Zacks reports. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%.

HF Sinclair Price Performance

NYSE:DINO traded down $0.13 during trading hours on Thursday, hitting $37.73. The company’s stock had a trading volume of 2,222,002 shares, compared to its average volume of 2,625,844. The business’s 50-day moving average is $36.02 and its two-hundred day moving average is $41.37. The company has a market capitalization of $7.10 billion, a PE ratio of 23.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair has a 52-week low of $33.47 and a 52-week high of $64.16.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays lowered their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. 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 stock has an average rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Company Profile

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.