Piper Sandler has decided to maintain an overweight rating on the HF Sinclair Dino, increasing its price target to $71.00 from $70.00.
HF Sinclair shares are trading at $48.83 per share, down 6.56% over the last 24 hours.
A move to $71.00 would result in a 45.4% increase from the current stock price.
About HF Sinclair
HF Sinclair is an integrated petroleum refining company that owns and operates seven refineries serving the Rockies, Central Continent, Southwest and Pacific Northwest with a total crude oil capacity of 678,000 barrels per day. It invests to produce 380 million gallons of renewable diesel annually. It maintains a marketing business with over 300 distributors and 1,300 wholesale brand sites in 30 states. It also has a 47 percent interest in Holly Energy Partners, which primarily owns and operates petroleum product pipelines and terminals in the southwestern United States.
About analyst ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or specific sectors. Analysts may participate in company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once a quarter.
Some analysts also offer forecasts for metrics such as growth forecasts, earnings, and revenue to provide further guidance on the stock. Investors using analyst ratings should note that this particular recommendation is human and may be subject to error.
If you want to keep track of which analysts are doing better than others, you can view updated analyst ratings with Analyst Performance Scores in Benzinga Pro.
This article was created by Benzinga’s Automated Content Engine and is editor-reviewed.