HF Sinclair Corporation's stock price declined by 3.32% from January 9 to January 16, 2026. The company, an independent U.S. petroleum refiner operating in multiple regions, was among energy stocks that lost the most value during that period.
On January 16, Scotiabank analyst Paul Cheng reduced the firm's price target for HF Sinclair from $66 to $62. He kept an 'Outperform' rating on the shares. This change was part of Scotiabank updating its price targets for American integrated oil, refining, and large-cap E&P stocks it covers.
Also on January 16, Piper Sandler slightly lowered its price target for HF Sinclair from $68 to $67. The firm maintained an 'Overweight' rating. Piper Sandler cited slight adjustments to operating assumptions. It reduced its fourth-quarter 2025 earnings per share estimate for DINO from $0.96 to $0.44. It also lowered its EBITDA forecast from $473 million to $358 million.
The downward revision was driven by weaker-than-expected West Coast performance. Specifically, Piper Sandler noted lower refining capture rates and throughput, along with a modest adjustment to DINO's Lubes segment. Despite these challenges, Piper Sandler said it remains bullish on HF Sinclair heading into 2026. The firm views the West Coast issues as 'non-recurring'.