Credit Suisse Maintains Western Refining to Outperform with Price Target $35.00

Brokerage firm Credit Suisse Maintains its rating on Western Refining(NYSE:WNR). In a research note issued to the investors, the brokerage major Lowers the price-target to $35.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Apr 11, 2016.

In a different note, On Feb 26, 2016, Barclays said it Maintains its rating on Western Refining. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Overweight’ by the firm.

Western Refining (WNR) shares turned negative on Fridays trading session with the shares closing down -0.98 points or -3.57% at a volume of 26,93,795. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.5. The peak price level was also seen at $27.5 while the days lowest was $26.43. Finally the shares closed at $26.47. The 52-week high of the shares is $50.71 while the 52-week low is $24.43. According to the latest information available, the market cap of the company is $2,415 M.

Western Refining(WNR) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.07B. Analysts had an estimated revenue of $2.14B. Earnings per share were $0.56. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Jeff A Stevens (CEO) purchased 100,000 shares at $26.63 per share price.Also, On Aug 11, 2015, Lowry Barfield (Sr. VP Legal Gen Counsel & Sec) sold 5,000 shares at $47.85 per share price.On Jul 15, 2015, Mark J Smith (President-Refining & Marketing) sold 5,000 shares at $48.00 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.

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