HF Sinclair (NYSE:DINO) Given New $80.00 Price Target at TD Cowen

Key Points

• TD Cowen raised its price target on HF Sinclair from $68.00 to $80.00 while maintaining a "hold" rating, implying roughly a 14.6% upside from the prior close.
• HF Sinclair sharply beat quarterly expectations with EPS of $0.69 versus a ($0.06) estimate and revenue of $7.12 billion (up 11.8% year-over-year), versus $6.83 billion expected.
• Analysts are mixed—two Strong Buy, six Buy, six Hold and one Sell—producing a consensus "Moderate Buy" and a consensus target of $66.45, while shares trade around $69.81 near a 52-week high and the stock has a $12.58 billion market cap and a 10.51 PE.

HF Sinclair (NYSE:DINO - Get Free Report) had its target price boosted by research analysts at TD Cowen from $68.00 to $80.00 in a research report issued on Monday. The firm presently has a "hold" rating on the stock. TD Cowen's price target points to a potential upside of 14.60% from the stock's previous close.

Several other research analysts have also recently weighed in on DINO. Morgan Stanley boosted their price objective on shares of HF Sinclair from $57.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Wall Street Zen cut shares of HF Sinclair from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 12th. Weiss Ratings restated a "hold (c)" rating on shares of HF Sinclair in a research report on Friday, March 27th. Raymond James Financial boosted their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, March 25th. Finally, Zacks Research raised shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

HF Sinclair Price Performance

Shares of NYSE:DINO traded up $0.64 during trading on Monday, reaching $69.81. The stock had a trading volume of 127,245 shares, compared to its average volume of 2,788,643. HF Sinclair has a 52 week low of $31.38 and a 52 week high of $70.51. The business's 50-day moving average price is $58.12 and its 200 day moving average price is $53.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The stock has a market capitalization of $12.58 billion, a PE ratio of 10.51 and a beta of 0.72.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 12.06%. The company had revenue of $7.12 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the previous year, the company posted ($0.27) earnings per share. HF Sinclair's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that HF Sinclair will post 7.11 earnings per share for the current year.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently made changes to their positions in DINO. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $26,000. Quent Capital LLC acquired a new position in shares of HF Sinclair in the 3rd quarter valued at $28,000. REAP Financial Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $29,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $36,000. Finally, Fairway Wealth LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

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