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The Zacks Alternative Energy Industry has been relatively strong in 2022, climbing more than 9% in value and widely outperforming the S&P 500.
A company residing in the industry, HF Sinclair (DINO - Free Report) , has seen its earnings outlook turn visibly bright over the last several months, pushing it into the highly-coveted Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment Research
HF Sinclair, an energy company, produces and markets light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products.
Based in Dallas, the company operates and owns refineries across several states, including Kansas, Oklahoma, New Mexico, Wyoming, and Utah.
Let’s take a deeper dive into how the company currently stacks up.
Strong Share Performance
HF Sinclair shares have been notably strong year-to-date, climbing over 90% in value and crushing the S&P 500’s performance.
Image Source: Zacks Investment Research
Buyers haven’t gone anywhere either; DINO shares have continued on their strong run over the last month, tacking on more than 13% in value.
Image Source: Zacks Investment Research
Energy has undoubtedly been one of the best places to hide out in 2022, and DINO’s share performance clearly reinforces that.
Cheap Shares
DINO’s valuation multiples could entice value-focused investors, further displayed by its Style Score of an A for Value.
The company’s forward price-to-sales ratio sits at 0.4X, precisely at its five-year median and reflecting an 81% discount relative to its industry average of 1.7X.
Image Source: Zacks Investment Research
Further, the company’s P/B ratio sits at 1.3X, nicely below its industry average.
Image Source: Zacks Investment Research
Dividends
Who doesn’t like getting paid?
DINO’s annual dividend yield comes in at a solid 2.7%, paired with a sustainable payout ratio sitting at 21% of its earnings.
Further, the company’s payout has grown by 4.4% over the last five years.
Image Source: Zacks Investment Research
Bottom Line
One of the best ways investors can find expected winners is by utilizing the Zacks Rank – one of the most potent market tools out there that gives investors a massive advantage.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
HF Sinclair (DINO - Free Report) would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy).
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Bull of the Day: HF Sinclair Corp. (DINO)
The Zacks Alternative Energy Industry has been relatively strong in 2022, climbing more than 9% in value and widely outperforming the S&P 500.
A company residing in the industry, HF Sinclair (DINO - Free Report) , has seen its earnings outlook turn visibly bright over the last several months, pushing it into the highly-coveted Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment Research
HF Sinclair, an energy company, produces and markets light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products.
Based in Dallas, the company operates and owns refineries across several states, including Kansas, Oklahoma, New Mexico, Wyoming, and Utah.
Let’s take a deeper dive into how the company currently stacks up.
Strong Share Performance
HF Sinclair shares have been notably strong year-to-date, climbing over 90% in value and crushing the S&P 500’s performance.
Image Source: Zacks Investment Research
Buyers haven’t gone anywhere either; DINO shares have continued on their strong run over the last month, tacking on more than 13% in value.
Image Source: Zacks Investment Research
Energy has undoubtedly been one of the best places to hide out in 2022, and DINO’s share performance clearly reinforces that.
Cheap Shares
DINO’s valuation multiples could entice value-focused investors, further displayed by its Style Score of an A for Value.
The company’s forward price-to-sales ratio sits at 0.4X, precisely at its five-year median and reflecting an 81% discount relative to its industry average of 1.7X.
Image Source: Zacks Investment Research
Further, the company’s P/B ratio sits at 1.3X, nicely below its industry average.
Image Source: Zacks Investment Research
Dividends
Who doesn’t like getting paid?
DINO’s annual dividend yield comes in at a solid 2.7%, paired with a sustainable payout ratio sitting at 21% of its earnings.
Further, the company’s payout has grown by 4.4% over the last five years.
Image Source: Zacks Investment Research
Bottom Line
One of the best ways investors can find expected winners is by utilizing the Zacks Rank – one of the most potent market tools out there that gives investors a massive advantage.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
HF Sinclair (DINO - Free Report) would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy).