TD Cowen Raises HF Sinclair (NYSE:DINO) Price Target to $46.00

Key Points

• TD Cowen raised its price target for HF Sinclair (NYSE:DINO) from $45.00 to $46.00, indicating a potential upside of 4.64% from the current stock price.
• Analysts have varying ratings on HF Sinclair, with one sell rating, five hold ratings, five buy ratings, and one strong buy rating, leading to a consensus rating of "Moderate Buy".
• HF Sinclair reported $1.70 EPS for the last quarter, exceeding expectations, despite a 13.5% decline in quarterly revenue compared to the previous year.

HF Sinclair (NYSE:DINO - Get Free Report) had its target price raised by research analysts at TD Cowen from $45.00 to $46.00 in a research report issued to clients and investors on Friday. The brokerage presently has a "hold" rating on the stock. TD Cowen's price objective indicates a potential upside of 4.64% from the stock's current price.

Other analysts also recently issued reports about the company. Scotiabank raised their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Piper Sandler downgraded HF Sinclair from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Finally, Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.82.

HF Sinclair Trading Up 1.2%

Shares of DINO opened at $43.96 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $52.88. The company has a 50 day simple moving average of $41.20 and a two-hundred day simple moving average of $36.16. The firm has a market cap of $8.28 billion, a P/E ratio of -57.09 and a beta of 0.93.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The company's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $31,000. Kiker Wealth Management LLC purchased a new position in HF Sinclair in the second quarter valued at about $32,000. Byrne Asset Management LLC purchased a new position in HF Sinclair in the first quarter valued at about $35,000. West Oak Capital LLC purchased a new position in HF Sinclair in the second quarter valued at about $38,000. Finally, Allworth Financial LP grew its stake in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Company Profile

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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