Impact of Brokerage Rating on Western Refining, Inc.(WNR)

Many Western Refining, Inc.(WNR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Downgraded by RBC Capital Mkts on Nov 18, 2016 to Sector Perform, Raises Price Target to $ 38 from a previous price target of $35 .

Company has reported several Insider transactions to the SEC, on Aug 25, 2016, Jeff A Stevens (CEO) purchased 100,000 shares at 23.15 per share price.On Aug 11, 2016, Paul L Foster (director officer 10% owner (Chairman of BOD, Exec) purchased 325,000 shares at 23.59 per share price.On May 31, 2016, Brian John Hogan (director) purchased 10,000 shares at 21.41 per share price.

Western Refining Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.40. The company had revenue of $2065.10 million for the quarter, compared to analysts expectations of $2737.07 million. The companys revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.69 EPS.

Western Refining, Inc. (NYSE:WNR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.22 by 9 Brokerage Firm. 8 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Western Refining, Inc. (NYSE:WNR): 6 analysts have set the short term price target of Western Refining, Inc. (NYSE:WNR) at $35.17. The standard deviation of short term price target has been estimated at $3.71, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 40 and $30 respectively.

Western Refining, Inc. (NYSE:WNR) rose 0.75% or 0.28 points on Tuesday and made its way into the gainers of the day. After trading began at $37.3 the stock was seen hitting $37.75 as a peak level and $37.06 as the lowest level. The stock ended up at $37.73. The daily volume was measured at 826,046 shares. The 52-week high of the share price is $40.09 and the 52-week low is $18.14. The company has a market cap of $4,091 million.

Western Refining, Inc. is an independent crude oil refiner and marketer of refined products headquartered in El Paso, Texas, and operates primarily in the Southwestern region of the United States, including Arizona, New Mexico, and West Texas. They have invested a significant amount of capital in refinery initiatives that will allow us to improve our crude oil processing flexibility, expand refinery capacity, increase production of higher-value refined products and satisfy certain regulatory requirements.


Share this post

Leave a Reply