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HF Sinclair (DINO) Dips More Than Broader Markets: What You Should Know
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HF Sinclair (DINO - Free Report) closed at $52.40 in the latest trading session, marking a -1.41% move from the prior day. This move lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq lost 0.67%.
Prior to today's trading, shares of the independent energy company had gained 4.42% over the past month. This has outpaced the Oils-Energy sector's gain of 3.44% and lagged the S&P 500's gain of 8.32% in that time.
Investors will be hoping for strength from HF Sinclair as it approaches its next earnings release, which is expected to be February 24, 2023. In that report, analysts expect HF Sinclair to post earnings of $3.59 per share. This would mark year-over-year growth of 3363.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.62 billion, up 35.59% from the year-ago period.
It is also important to note the recent changes to analyst estimates for HF Sinclair. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.76% higher. HF Sinclair is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HF Sinclair is holding a Forward P/E ratio of 5.95. For comparison, its industry has an average Forward P/E of 25.18, which means HF Sinclair is trading at a discount to the group.
We can also see that DINO currently has a PEG ratio of 0.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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HF Sinclair (DINO) Dips More Than Broader Markets: What You Should Know
HF Sinclair (DINO - Free Report) closed at $52.40 in the latest trading session, marking a -1.41% move from the prior day. This move lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq lost 0.67%.
Prior to today's trading, shares of the independent energy company had gained 4.42% over the past month. This has outpaced the Oils-Energy sector's gain of 3.44% and lagged the S&P 500's gain of 8.32% in that time.
Investors will be hoping for strength from HF Sinclair as it approaches its next earnings release, which is expected to be February 24, 2023. In that report, analysts expect HF Sinclair to post earnings of $3.59 per share. This would mark year-over-year growth of 3363.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.62 billion, up 35.59% from the year-ago period.
It is also important to note the recent changes to analyst estimates for HF Sinclair. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.76% higher. HF Sinclair is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HF Sinclair is holding a Forward P/E ratio of 5.95. For comparison, its industry has an average Forward P/E of 25.18, which means HF Sinclair is trading at a discount to the group.
We can also see that DINO currently has a PEG ratio of 0.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.