Western Refining (WNR) : Zacks Investment Research ranks Western Refining (WNR) as 5, which is a Strong Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3, which indicates as a Hold.
Western Refining (WNR) : Currently there are 7 street experts covering Western Refining (WNR) stock. The most bullish and bearish price target for the stock is $47 and $17 respectively for the short term. The average price target of all the analysts comes to $29.43. The estimated standard deviation from the target is $11.73.
Western Refining (NYSE:WNR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.84 and $19.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.18, notching a gain of 0.80% for the day. The total traded volume was 4,570,816 . The stock had closed at $20.02 on the previous day.
Also, Equity Analysts at the JP Morgan downgrades the rating on Western Refining (NYSE:WNR). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 10, 2016. The company shares have dropped -54.88% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $50.71 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $20.94 and the 200 Day Moving Average price is recorded at $27.23.
Western Refining, Inc. (Western) is an independent crude oil refiner and marketer of refined products. The Company operates through four business segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. The Companys refining segment owns and operates two refineries in the Southwest that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt. The NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores primarily in the Upper Great Plains region of the United States. The WNRL segment owns and operates terminal, storage, transportation and provides related services primarily to its refining segment in the Southwest. The retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. The retail convenience stores sell gasoline, diesel fuel and convenience store merchandise.