HF Sinclair (NYSE:DINO) Upgraded to Outperform by Cowen

HF Sinclair (NYSE:DINOGet Rating) was upgraded by equities researchers at Cowen from a “market perform” rating to an “outperform” rating in a report released on Wednesday, Briefing.com reports. The brokerage currently has a $52.00 price objective on the stock, up from their prior price objective of $38.00. Cowen’s target price indicates a potential upside of 18.78% from the company’s current price.

A number of other research firms have also issued reports on DINO. The Goldman Sachs Group upgraded shares of HF Sinclair from a “sell” rating to a “neutral” rating and raised their target price for the company from $32.00 to $43.00 in a research note on Wednesday, March 30th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $47.00 to $52.00 in a research report on Tuesday. Piper Sandler decreased their price target on shares of HF Sinclair from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. JPMorgan Chase & Co. started coverage on shares of HF Sinclair in a research report on Wednesday, March 16th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $46.67.

NYSE:DINO opened at $43.78 on Wednesday. HF Sinclair has a 1 year low of $27.17 and a 1 year high of $46.39. The firm has a fifty day moving average price of $37.76. The company has a quick ratio of 0.79, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 12.88 and a beta of 1.57.

HF Sinclair (NYSE:DINOGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.85. HF Sinclair had a net margin of 3.04% and a return on equity of 4.08%. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the business posted ($0.53) EPS. HF Sinclair’s revenue was up 112.8% compared to the same quarter last year. Equities analysts anticipate that HF Sinclair will post 4.66 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of HF Sinclair during the 1st quarter worth about $29,000. Smith Group Asset Management LLC bought a new position in shares of HF Sinclair during the 1st quarter worth about $29,000. M&T Bank Corp bought a new position in shares of HF Sinclair during the 1st quarter worth about $29,000. Benjamin F. Edwards & Company Inc. bought a new position in HF Sinclair during the 1st quarter valued at about $32,000. Finally, Denali Advisors LLC bought a new position in HF Sinclair during the 1st quarter valued at about $36,000. 88.24% of the stock is owned by institutional investors.

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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