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Western Refining (NYSE:WNR) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $38.40.

Western Refining (NYSE:WNR) traded down 0.35% on Monday, hitting $40.35. The stock had a trading volume of 95,908 shares. Western Refining has a 52 week low of $27.10 and a 52 week high of $45.00. The stock has a 50-day moving average of $39.96 and a 200-day moving average of $39.8. The company has a market cap of $3.219 billion and a price-to-earnings ratio of 14.18. Western Refining also saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 5,608,345 shares, a drop of 58.8% from the June 13th total of 13,619,597 shares. Based on an average daily volume of 1,687,501 shares, the short-interest ratio is presently 3.3 days. Approximately 7.3% of the company’s shares are sold short.

Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.29. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 71.0% on a year-over-year basis. On average, analysts predict that Western Refining will post $3.86 earnings per share for the current fiscal year.

WNR has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of Western Refining from a “neutral” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $12.00 price target on the stock, down previously from $82.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Western Refining in a research note on Thursday, July 3rd. They now have a $41.00 price target on the stock.

In other Western Refining news, CFO Gary R. Dalke sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $40.58, for a total transaction of $811,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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