Scotiabank has adjusted its outlook for HF Sinclair (DINO, Financial), raising the stock's price target from $49 to $61. This change comes as part of the firm's broader assessment of U.S. Integrated Oil, Refining, and Large Cap E&P stocks they monitor. Scotiabank continues to hold an Outperform rating on the shares, indicating a positive future performance expectation for DINO within its sector. Investors looking for updated insights on this company might consider this outlook shift significant.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for HF Sinclair Corp (DINO, Financial) is $44.30 with a high estimate of $61.00 and a low estimate of $29.00. The average target implies an downside of 3.73% from the current price of $46.02. More detailed estimate data can be found on the HF Sinclair Corp (DINO) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, HF Sinclair Corp's (DINO, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HF Sinclair Corp (DINO, Financial) in one year is $43.83, suggesting a downside of 4.76% from the current price of $46.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HF Sinclair Corp (DINO) Summary page.
DINO Key Business Developments
Release Date: May 01, 2025
- Net Loss: $4 million or negative $0.02 per diluted share.
- Adjusted Net Loss: $50 million or negative $0.27 per diluted share.
- Adjusted EBITDA: $201 million, down from $399 million in Q1 2024.
- Refining Segment Adjusted EBITDA: $8 million, down from $209 million in Q1 2024.
- Renewable Segment Adjusted EBITDA: Negative $17 million, compared to negative $18 million in Q1 2024.
- Marketing Segment EBITDA: $27 million, up from $15 million in Q1 2024.
- Lubricants and Specialty Segment EBITDA: $85 million, compared to $87 million in Q1 2024.
- Midstream Segment Adjusted EBITDA: $119 million, up from $110 million in Q1 2024.
- Net Cash Used for Operations: $89 million, including $105 million of turnaround spend.
- Capital Expenditure: $86 million for Q1 2025.
- Cash Balance: $547 million as of March 31, 2025.
- Total Debt: $2.7 billion with a debt to cap ratio of 23% and net debt to cap ratio of 18%.
- Dividend: $0.50 per share, payable on June 3, 2025.
- Branded Supplied Stores: Net increase of 37 sites with a backlog of over 170 additional sites.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- HF Sinclair Corp (DINO, Financial) delivered strong results in marketing, midstream, and lubricants and specialties businesses, with sequential improvement in refining.
- The company completed the planned turnaround at the Tulsa Refinery on schedule and on budget, now operating at planned rates.
- The marketing segment achieved a record quarter with $27 million in EBITDA and the highest quarterly adjusted gross margin of $0.12 per gallon.
- The lubricants and specialties segment reported a strong quarter with $85 million in EBITDA, supported by product mix optimization and high-margin specialty sales.
- The midstream business generated a record $119 million in adjusted EBITDA, benefiting from higher pipeline revenues.
Negative Points
- HF Sinclair Corp (DINO) reported a first-quarter net loss attributable to shareholders of $4 million, or negative $0.02 per diluted share.
- Adjusted net loss for the first quarter was $50 million, compared to adjusted net income of $142 million for the same period in 2024.
- The refining segment's first-quarter adjusted EBITDA was $8 million, down from $209 million in the first quarter of 2024, due to lower adjusted refinery gross margins and sales volumes.
- The renewable segment reported an adjusted EBITDA of negative $17 million, impacted by lower sales volumes and the absence of producer's tax credit benefits.
- Net cash used for operations totaled $89 million in the first quarter, including $105 million of turnaround spending.
