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HF Sinclair (DINO) Gains As Market Dips: What You Should Know
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In the latest trading session, HF Sinclair (DINO - Free Report) closed at $51.89, marking a +0.76% move from the previous day. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
Coming into today, shares of the independent energy company had lost 15.35% in the past month. In that same time, the Oils-Energy sector lost 3.48%, while the S&P 500 lost 2.59%.
HF Sinclair will be looking to display strength as it nears its next earnings release. In that report, analysts expect HF Sinclair to post earnings of $3.44 per share. This would mark year-over-year growth of 3227.27%. Meanwhile, our latest consensus estimate is calling for revenue of $7.84 billion, up 39.36% from the prior-year quarter.
DINO's full-year Zacks Consensus Estimates are calling for earnings of $14.91 per share and revenue of $37.06 billion. These results would represent year-over-year changes of +880.92% and +101.51%, respectively.
Any recent changes to analyst estimates for HF Sinclair should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.69% lower. HF Sinclair currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that HF Sinclair has a Forward P/E ratio of 3.45 right now. This represents a discount compared to its industry's average Forward P/E of 29.43.
It is also worth noting that DINO currently has a PEG ratio of 0.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DINO's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DINO in the coming trading sessions, be sure to utilize Zacks.com.
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HF Sinclair (DINO) Gains As Market Dips: What You Should Know
In the latest trading session, HF Sinclair (DINO - Free Report) closed at $51.89, marking a +0.76% move from the previous day. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
Coming into today, shares of the independent energy company had lost 15.35% in the past month. In that same time, the Oils-Energy sector lost 3.48%, while the S&P 500 lost 2.59%.
HF Sinclair will be looking to display strength as it nears its next earnings release. In that report, analysts expect HF Sinclair to post earnings of $3.44 per share. This would mark year-over-year growth of 3227.27%. Meanwhile, our latest consensus estimate is calling for revenue of $7.84 billion, up 39.36% from the prior-year quarter.
DINO's full-year Zacks Consensus Estimates are calling for earnings of $14.91 per share and revenue of $37.06 billion. These results would represent year-over-year changes of +880.92% and +101.51%, respectively.
Any recent changes to analyst estimates for HF Sinclair should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.69% lower. HF Sinclair currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that HF Sinclair has a Forward P/E ratio of 3.45 right now. This represents a discount compared to its industry's average Forward P/E of 29.43.
It is also worth noting that DINO currently has a PEG ratio of 0.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DINO's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DINO in the coming trading sessions, be sure to utilize Zacks.com.