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Investing.com - Piper Sandler raised its price target on HF Sinclair (NYSE:DINO) to $53.00 from $43.00 on Tuesday, while maintaining an Overweight rating on the petroleum refiner’s stock. The new target aligns with broader analyst sentiment, as InvestingPro data shows four analysts have recently revised their earnings estimates upward, with price targets ranging from $29 to $61.
The research firm slightly adjusted its second-quarter 2025 earnings estimates for HF Sinclair to $1.22 per share ($515 million) from $1.20 per share ($509 million) previously, based on quarter-end commodity price adjustments and minor changes to operating assumptions. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, with 8 additional exclusive ProTips available for subscribers.
Piper Sandler noted it continues to see upside potential for HF Sinclair compared to recent Street expectations, which it cited as approximately $1.05 per share for the second quarter of 2025.
The new price target reflects a revised valuation approach, with Piper Sandler now using a 15%/85% blended 2025E/2026E sum-of-the-parts valuation, compared to its previous 25%/75% weighting, to better account for normalized margins in a cyclical recovery.
The firm’s valuation assumes a 5.5x EV/EBITDA multiple for HF Sinclair’s refining business (up from 4.5x previously), 9x for Lubricants, 7.0x for renewables, 8x for Midstream, 8.0x for Marketing, and a corporate multiple of 6.39x.
In other recent news, HF Sinclair has seen a variety of analyst actions and projections regarding its financial outlook. Mizuho (NYSE:MFG) raised its price target for HF Sinclair to $50, maintaining an Outperform rating and expecting the company to surpass consensus estimates for the second quarter of 2025. The firm attributes this to improvements in refining margins and volumes. Meanwhile, Raymond (NSE:RYMD) James upgraded HF Sinclair to Strong Buy, with a price target of $54, citing improved refinery reliability and favorable business trends. Conversely, Wolfe Research downgraded HF Sinclair to Underperform, setting a price target of $42, due to concerns about free cash flow volatility and crude spread impacts. Morgan Stanley (NYSE:MS) reiterated an Overweight rating with a $44 price target, projecting a significant rise in the refining index but noting softer Midstream & Marketing earnings. Barclays (LON:BARC) also raised its price target to $43 from $32, citing an improved profitability outlook in refining but warning of regulatory uncertainties in the Renewables segment. These developments highlight a range of perspectives on HF Sinclair’s near-term performance.
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