Western Refining (WNR) Releases Earnings Results, Beats Expectations By $0.20 EPS

Western Refining (WNR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $0.52. The company posted revenue of $2107.30 million in the period, compared to analysts expectations of $2071.62 million. The company’s revenue was down -25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Western Refining. Goldman Resumed Western Refining on Jul 14, 2016 to “Neutral”, Price Target of the shares are set at $22.Western Refining was Upgraded by Tudor Pickering to ” Hold” on Jun 28, 2016. Western Refining was Downgraded by JP Morgan to ” Underweight” on Jun 10, 2016.

Western Refining opened for trading at $20.32 and hit $20.93 on the upside on Friday, eventually ending the session at $20.85, with a gain of 1.91% or 0.39 points. The heightened volatility saw the trading volume jump to 25,79,588 shares. Company has a market cap of $1,903 M.

In a different news, on May 31, 2016, Brian John Hogan (director) purchased 10,000 shares at $21.41 per share price. According to the SEC, on May 10, 2016, Robert J Hassler (director) purchased 20,000 shares at $22.10 per share price. On May 9, 2016, Jeff A Stevens (CEO) purchased 150,000 shares at $21.89 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Western Refining

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