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Shares of Western Refining (NYSE:WNR) have received an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, ARN reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $39.40.

A number of research firms have recently commented on WNR. Analysts at Simmons upgraded shares of Western Refining from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. 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.

In other Western Refining news, Insider Mark J. Smith sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $45.54, for a total transaction of $455,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Western Refining (NYSE:WNR) opened at 46.95 on Friday. Western Refining has a one year low of $27.91 and a one year high of $47.76. The stock’s 50-day moving average is $42.73 and its 200-day moving average is $40.53. The company has a market cap of $4.746 billion and a price-to-earnings ratio of 15.92.

Western Refining (NYSE:WNR) last announced its earnings results on Tuesday, August 5th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 79.1% on a year-over-year basis. On average, analysts predict that Western Refining will post $3.59 earnings per share 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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