Why These Energy Stocks are Losing This Week

4. HF Sinclair Corporation (NYSE:DINO)

Share Price Decline Between Jan. 9 – Jan. 16: 3.32%

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, Scotiabank analyst Paul Cheng reduced the firm’s price target on HF Sinclair Corporation (NYSE:DINO) from $66 to $62, but kept an ‘Outperform’ rating on the shares. The adjustment is a part of the firm updating its price targets for the American Integrated Oil, Refining, and Large Cap E&P stocks under its coverage.

On the same day, Piper Sandler also slightly lowered its price target on HF Sinclair Corporation (NYSE:DINO) from $68 to $67, while maintaining an ‘Overweight’ rating on the shares. The firm cited slight adjustments to operating assumptions behind the change, as it reduced its Q4 2025 EPS estimates for DINO from $0.96 per share previously to $0.44 per share, while also lowering its EBITDA forecasts from $473 million previously to $358 million. The downward revision is driven by a weaker-than-expected West Coast performance, specifically lower refining capture rates and throughput, and a modest adjustment to DINO’s Lubes segment.

That said, despite the challenges, Piper Sandler remains bullish on HF Sinclair Corporation (NYSE:DINO) heading into 2026, as it views the West Coast issues as ‘non-recurring’.