Western Refining Receives Consensus Recommendation of “Hold” from Analysts (NYSE:WNR)
Shares of Western Refining (NYSE:WNR) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, Stock Ratings Network.com reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $41.09.
Several analysts have recently commented on the stock. Analysts at Wolfe Research initiated coverage on shares of Western Refining in a research note on Tuesday, April 1st. They set an “outperform” rating and a $50.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Western Refining from $30.00 to $44.00 in a research note on Wednesday, March 12th. They now have an “in-line” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Western Refining from $39.00 to $45.00 in a research note on Thursday, March 6th. They now have an “overweight” rating on the stock.
Shares of Western Refining (NYSE:WNR) traded down 2.49% during mid-day trading on Tuesday, hitting $40.38. The stock had a trading volume of 216,563 shares. Western Refining has a one year low of $25.62 and a one year high of $43.00. The stock has a 50-day moving average of $39.25 and a 200-day moving average of $37.86. The company has a market cap of $3.219 billion and a P/E ratio of 14.83.
Western Refining (NYSE:WNR) last announced its earnings results on Thursday, February 27th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.06. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $1.45 earnings per share. Western Refining’s revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that Western Refining will post $4.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 21st. Investors of record on Tuesday, May 6th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.51%.
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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