HF Sinclair stock rating reiterated at Overweight by Morgan Stanley

Investing.com - Morgan Stanley (NYSE:MS) has reiterated an Overweight rating on HF Sinclair (NYSE:DINO) with a price target of $44.00. The stock, currently trading at $44.74, has shown strong momentum with a 28.5% return over the past six months. According to InvestingPro data, six analysts have recently revised their earnings estimates upward for the upcoming period.

The firm expects HF Sinclair’s refining index rose approximately 45% compared to the first quarter, which should drive higher segment results for the petroleum refiner and marketer.

Morgan Stanley anticipates modestly softer Midstream & Marketing earnings for HF Sinclair, describing this as "a return to more normalized levels," while Lubricants product sales are expected to remain lower.

The firm also noted that economics in the Renewables segment remain challenged for the company.

Morgan Stanley estimates second-quarter earnings per share of $1.02 for HF Sinclair, slightly above the consensus estimate of $0.98. The company’s next earnings report is scheduled for July 31, 2025, with analyst price targets ranging from $29 to $51.

In other recent news, HF Sinclair reported its first-quarter 2025 financial results, revealing a net loss of $4 million, which fell short of earnings and revenue forecasts. The company’s revenue came in at $6.37 billion, missing the expected $6.73 billion. Despite these setbacks, HF Sinclair continues to focus on strategic investments and operational efficiencies to drive future growth. In a positive development, Barclays (LON:BARC) raised its price target for HF Sinclair to $43, maintaining an Overweight rating due to a favorable refining outlook. Piper Sandler echoed this sentiment, reiterating an Overweight rating and highlighting potential upward revisions in earnings estimates.

Meanwhile, Mizuho (NYSE:MFG) upgraded HF Sinclair to an Outperform rating with a new price target of $47, citing improvements in U.S. refining fundamentals. Additionally, HF Sinclair announced its dual-listing on NYSE Texas, maintaining its primary listing on the New York Stock Exchange. This move underscores the company’s support for business-friendly principles and Texas’s growing capital market infrastructure. These developments reflect HF Sinclair’s strategic positioning and the analysts’ confidence in its potential for recovery and growth.

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