Price Target Update on Western Refining (NYSE:WNR)

Western Refining (NYSE:WNR) : The highest short term price target forecast on Western Refining (NYSE:WNR) is $47 and the lowest target price is $17. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $29.43 with a standard deviation of $11.73.

Other Equity analysts have also commented on the company shares. Major Brokerage house, JP Morgan downgrades its ratings on Western Refining (NYSE:WNR). According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 10, 2016.

Western Refining (NYSE:WNR): stock turned positive on Thursday. Though the stock opened at $19.76, the bulls momentum made the stock top out at $20.29 level for the day. The stock recorded a low of $19.76 and closed the trading day at $20.25, in the green by 4.44%. The total traded volume for the day was 5,142,883. The stock had closed at $19.39 in the previous days trading.

The company shares have dropped -55.74% 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 14, 2016. The 50-Day Moving Average price is $21.41 and the 200 Day Moving Average price is recorded at $28.53. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Western Refining, Inc., Hogan Brian John, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $21.41 per share with total amount equaling $214,100.

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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