HF Sinclair (NYSE:DINO) Price Target Raised to $52.00 at Wells Fargo & Company

HF Sinclair (NYSE:DINO – Get Rating) had its target price increased by stock analysts at Wells Fargo & Company from $47.00 to $52.00 in a research report issued on Tuesday, The Fly reports. Wells Fargo & Company‘s price target would suggest a potential upside of 22.96% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on HF Sinclair in a report on Wednesday, March 16th. They set a “neutral” rating and a $36.00 target price for the company. Morgan Stanley increased their target price on HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, April 18th. Piper Sandler dropped their target price on HF Sinclair from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, April 18th. Finally, The Goldman Sachs Group upgraded HF Sinclair from a “sell” rating to a “neutral” rating and increased their target price for the company from $32.00 to $43.00 in a report on Wednesday, March 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $45.60.

DINO opened at $42.29 on Tuesday. The business has a 50-day moving average price of $37.63. HF Sinclair has a 12-month low of $27.17 and a 12-month high of $46.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 0.79. The stock has a market cap of $6.89 billion, a PE ratio of 12.44 and a beta of 1.57.

HF Sinclair (NYSE:DINO – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.60. HF Sinclair had a return on equity of 4.08% and a net margin of 3.04%. The firm had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the business earned ($0.53) EPS. The company’s revenue for the quarter was up 112.8% compared to the same quarter last year. Research analysts expect that HF Sinclair will post 4.66 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in DINO. Bellwether Advisors LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at $29,000. Smith Group Asset Management LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at $29,000. M&T Bank Corp bought a new stake in shares of HF Sinclair during the 1st quarter valued at $29,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of HF Sinclair during the 1st quarter valued at $32,000. Finally, Denali Advisors LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

About HF Sinclair (Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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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