HF Sinclair (DINO) Price Target Reduced by $1, 'Overweight' Rating Maintained

HF Sinclair Corporation (NYSE:DINO) is included among the 11 Best Energy Stocks to Buy for Dividends in 2026.

HF Sinclair Corporation (NYSE:DINO) is an independent petroleum refiner in the United States with operations throughout the mid-continent, southwestern, and Rocky Mountain regions.

On January 16, Piper Sandler reduced its price target on HF Sinclair Corporation (NYSE:DINO) from $68 to $67, while keeping an ‘Overweight’ rating on the shares. The lowered target still indicates an upside of over 39% from the current share price. The change comes as the analyst firm cut its Q4 2025 EPS estimates for HF Sinclair from $0.96 per share previously to $0.44 per share, while also reducing its EBITDA forecasts from $473 million previously to $358 million. The downturn is driven by a weaker-than-expected West Coast performance, specifically lower refining capture rates and throughput, and a modest adjustment to the refining company’s Lubes segment. However, despite the challenges, Piper Sandler remains bullish on DINO heading into the new year, as it views these West Coast issues as ‘non-recurring’.

Similarly, on the same day, Scotiabank analyst Paul Cheng also lowered the firm’s price target on HF Sinclair Corporation (NYSE:DINO) from $66 to $62, while maintaining an ‘Outperform’ rating on the shares.

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