Scotiabank Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO - Get Free Report) had its price objective increased by Scotiabank from $49.00 to $61.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 34.20% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company increased 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 note on Wednesday, June 11th. TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler dropped their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

HF Sinclair Trading Down 1.2%

DINO traded down $0.57 during trading on Friday, hitting $45.45. 457,113 shares of the company's stock were exchanged, compared to its average volume of 3,018,654. The firm has a market cap of $8.56 billion, a P/E ratio of -59.01 and a beta of 0.93. The stock has a 50 day moving average price of $38.41 and a 200 day moving average price of $35.20. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $52.88.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWA Asset Management Group LLC bought a new position in shares of HF Sinclair during the 1st quarter valued at about $421,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after purchasing an additional 21,597 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after purchasing an additional 20,000 shares in the last quarter. Norges Bank bought a new position in shares of HF Sinclair during the 4th quarter valued at about $41,317,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of HF Sinclair by 7.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after buying an additional 9,070 shares during the period. Institutional investors own 88.29% of the company's stock.

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.

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