HF Sinclair (NYSE:DINO) Releases Earnings Results, Beats Expectations By $0.22 EPS

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

HF Sinclair Trading Up 0.2 %

NYSE DINO traded up $0.09 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 business has a 50 day moving average of $45.29 and a two-hundred day moving average of $50.02. HF Sinclair has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The firm has a market cap of $7.38 billion, a price-to-earnings 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.17%. HF Sinclair’s payout ratio is 32.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DINO shares. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Barclays reduced their target price on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Scotiabank dropped their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group dropped their price objective 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. Finally, Wells Fargo & Company lowered their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average price target of $55.82.

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.