Wells Fargo analyst Roger Read maintains $HF Sinclair (DINO.US)$ with a buy rating, and maintains the target price at $53.
According to TipRanks data, the analyst has a success rate of 58.0% and a total average return of 9.4% 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 company's refining operations are experiencing effects from turnarounds and reduced margin capture, as noted in a Q3 earnings preview.
The viewpoint suggests that the market for refined products is showing signs of recovery, with the bottoming of crack spreads and an uptick in diesel demand. Additionally, there's an anticipation of support for gasoline demand due to lower prices and payrolls, coupled with inventories of refined products being under the norm. It is anticipated that increased OPEC+ production in the coming years will result in more favorable crude differentials for coastal refineries. The analysis also indicates that refining capacity expansions in the Western Hemisphere might be constrained, as new developments and biofuel expansions are expected to be balanced by planned closures.
Note:
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