HF Sinclair (NYSE:DINO) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS

by · The Cerbat Gem

HF Sinclair (NYSE:DINO – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22, Briefing.com reports. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the firm posted $4.06 earnings per share. The company’s revenue was down 19.1% compared to the same quarter last year.

HF Sinclair Stock Up 0.2 %

Shares of NYSE:DINO traded up $0.09 during midday trading on Friday, reaching $38.70. The company had a trading volume of 3,033,459 shares, compared to its average volume of 2,042,170. The stock has a market capitalization of $7.38 billion, a P/E ratio of 6.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair has a one year low of $38.25 and a one year high of $64.16. The stock’s fifty day moving average price is $45.29 and its 200-day moving average price is $50.02.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 32.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DINO. Morgan Stanley dropped their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Mizuho decreased their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. UBS Group decreased their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, BMO Capital Markets lowered their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

View Our Latest Research Report on HF Sinclair

HF Sinclair Company Profile

(Get Free Report)

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.

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