Piper Sandler Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its target price lifted by Piper Sandler from $43.00 to $53.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 23.62% from the company’s current price.

Several other analysts have also recently commented on the stock. Morgan Stanley dropped their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 11th. TD Cowen upped their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Barclays set a $43.00 price objective on shares of HF Sinclair and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Finally, Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.45.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $42.88 on Tuesday. The firm has a fifty day moving average of $39.34 and a two-hundred day moving average of $35.47. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of -55.68 and a beta of 0.93. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $52.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, equities research analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of the business. Harbour Investments Inc. boosted its stake in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock worth $78,000 after buying an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after buying an additional 327 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after buying an additional 379 shares during the last quarter. Bank & Trust Co lifted its stake in HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company’s stock valued at $159,000 after purchasing an additional 389 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its stake in HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company’s stock valued at $876,000 after purchasing an additional 392 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

About HF Sinclair

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