Western Refining (WNR) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.24. The company posted revenue of $1455.50 million in the period, compared to analysts expectations of $1839.00 million. The company’s revenue was down -37.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on Western Refining. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 36 from a previous price target of $39 .Shares were Reiterated by Cowen on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $60 .
Western Refining closed down -0.06 points or -0.22% at $26.7 with 33,42,147 shares getting traded on Monday. Post opening the session at $26.7, the shares hit an intraday low of $25.59 and an intraday high of $26.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 2, 2016, Jeff A Stevens (CEO) purchased 100,000 shares at $26.63 per share price. According to the SEC, 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.