Western Refining Upgraded to “Overweight” by Simmons (WNR)
Shares of Western Refining (NYSE:WNR) traded up 1.47% on Thursday, hitting $44.30. 514,523 shares of the company’s stock traded hands. Western Refining has a 52 week low of $27.91 and a 52 week high of $45.00. The stock has a 50-day moving average of $40.45 and a 200-day moving average of $39.87. The company has a market cap of $3.532 billion and a P/E ratio of 14.88.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.03. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 79.1% on a year-over-year basis. On average, analysts predict that Western Refining will post $3.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, July 28th.
In other Western Refining news, Insider Mark J. Smith sold 10,000 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $40.23, for a total value of $402,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. 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. 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $38.40.
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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