Morgan Stanley analyst Joe Laetsch maintains $HF Sinclair (DINO.US)$ with a buy rating, and maintains the target price at $57.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $HF Sinclair (DINO.US)$'s main analysts recently are as follows:
The firm anticipates that HF Sinclair's refining operations may face challenges due to ongoing turnarounds and a diminishing in margin capture, as highlighted in a preview of the company's Q3 earnings.
The analyst notes that there is an anticipation of a bottoming out in market discrepancies, with signs of improvement in diesel demand. Additionally, a combination of lower prices and payrolls is seen as supportive of gasoline demand, while refined product inventories remain lower than usual. Looking ahead, the expectation is for OPEC+ production increases in 2025 to expand crude differentials, which would benefit coastal refineries. Moreover, the analysis suggests that refining capacity expansions in the Western Hemisphere are likely to be constrained, as planned facility shutdowns in 2025 are expected to counterbalance the gains from recent startups and biofuel expansions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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