Western Refining (WNR): Price Target and June Short Interest Disclosure

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 $16 respectively for the short term. The average price target of all the analysts comes to $29.29. The estimated standard deviation from the target is $11.91.

The short interest in Western Refining (WNR) has increased from 13,696,995 on June 15,2016 to 14,217,979 on June 30,2016. The change was measured at 520,984 shares or 3.8%. The leftover shorts were 21.5% of the floated shares. The days to cover are 3, given the average daily volume of 4,545,791 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm JP Morgan downgrades its rating on Western Refining (NYSE:WNR). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 10, 2016.


Western Refining (NYSE:WNR): On Thursdays trading session , Opening price of the stock was $20.89 with an intraday high of $20.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.97. However, the stock managed to close at $20.07, a loss of 3.32% for the day. On the previous day, the stock had closed at $20.76. The total traded volume of the day was 5,299,272 shares.

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.

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