Western Refining Stock Rating Lowered by Credit Suisse (WNR)
Western Refining (NYSE:WNR) was downgraded by investment analysts at Credit Suisse to a “neutral” rating in a note issued to investors on Thursday, Analyst Ratings.Net reports.
A number of other firms have also recently commented on WNR. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Western Refining from $46.00 to $49.00 in a research note to investors on Monday, December 16th. Separately, analysts at Tudor Pickering downgraded shares of Western Refining from an “accumulate” rating to a “hold” rating in a research note to investors on Wednesday, December 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Western Refining in a research note to investors on Monday, December 2nd. They now have a $41.00 price target on the stock. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.42.
In other Western Refining news, major shareholder Paul Foster sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $42.43, for a total value of $4,243,000.00. Following the completion of the sale, the insider now directly owns 4,202,237 shares in the company, valued at approximately $178,300,916. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Western Refining (NYSE:WNR) traded up 0.85% during mid-day trading on Thursday, hitting $41.29. The stock had a trading volume of 1,505,476 shares. Western Refining has a 52 week low of $25.62 and a 52 week high of $43.00. The stock’s 50-day moving average is $39.77 and its 200-day moving average is $32.82. The company has a market cap of $3.292 billion and a P/E ratio of 8.73.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.18. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Western Refining will post $3.04 EPS for the current fiscal year.
Western Refining, Inc (NYSE:WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores.
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