Western Refining, Inc. (NYSE:WNR) Receives Consensus Rating of “Hold” from Analysts
Western Refining, Inc. (NYSE:WNR) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $30.74.
Several brokerages have weighed in on WNR. Zacks Investment Research upgraded Western Refining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Credit Suisse Group cut Western Refining from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $40.00 in a research note on Friday, March 24th.
Western Refining (NYSE:WNR) traded down 0.06% during trading on Tuesday, hitting $36.18. 17,018,870 shares of the company’s stock traded hands. Western Refining has a 52-week low of $18.14 and a 52-week high of $40.09. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $36.09.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Western Refining had a return on equity of 2.76% and a net margin of 0.90%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business earned $0.13 EPS. On average, analysts anticipate that Western Refining will post $1.49 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in WNR. Northwestern Mutual Wealth Management Co. raised its stake in shares of Western Refining by 0.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,545 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 24 shares during the period. World Asset Management Inc raised its stake in shares of Western Refining by 1.3% in the first quarter. World Asset Management Inc now owns 5,885 shares of the oil and gas company’s stock valued at $206,000 after buying an additional 76 shares during the period. US Bancorp DE raised its stake in shares of Western Refining by 8.7% in the first quarter. US Bancorp DE now owns 6,008 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 480 shares during the period. TFS Capital LLC purchased a new stake in shares of Western Refining during the first quarter valued at $227,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Western Refining during the first quarter valued at $249,000. 64.84% of the stock is owned by institutional investors.
About Western Refining
Western Refining, Inc is an independent crude oil refiner and marketer of refined products. The Company operates through segments, including refining, Western Refining Logistics, LP (WNRL), retail and Other. As of December 31, 2016, the refining segment owned and operated three refineries that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt.
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