HF Sinclair (NYSE:DINO) Releases 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. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%.

HF Sinclair Stock Performance

NYSE:DINO traded down $0.32 during trading hours on Thursday, reaching $37.54. The stock had a trading volume of 1,983,486 shares, compared to its average volume of 2,618,850. 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 stock has a 50 day simple moving average of $36.02 and a 200 day simple moving average of $41.37. HF Sinclair has a 12-month low of $33.47 and a 12-month high of $64.16. The stock has a market cap of $7.06 billion, a P/E ratio of 23.23 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DINO shares. JPMorgan Chase & Co. decreased 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. TD Cowen decreased 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. UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Barclays decreased 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, Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $51.00.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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.