Western Refining (NYSE:WNR) : Currently there are 7 street experts covering Western Refining (NYSE:WNR) stock. The most bullish and bearish price target for the stock is $47 and $17 respectively for the short term. The average price target of all the analysts comes to $29.43. The estimated standard deviation from the target is $11.73.
Shares of Western Refining, Inc. appreciated by 1.88% during the last five trading days but lost 9.04% on a 4-week basis. Western Refining, Inc. has dropped 26.1% during the last 3-month period . Year-to-Date the stock performance stands at -40.69%. Also, JP Morgan downgrades its view on Western Refining (NYSE:WNR) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 10, 2016.
Western Refining (NYSE:WNR) : 2 brokerage houses believe that Western Refining (NYSE:WNR) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Western Refining (NYSE:WNR). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Western Refining (NYSE:WNR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.43 and $19.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.63, notching a gain of 0.39% for the day. The total traded volume was 4,028,617 . The stock had closed at $20.55 on the previous day.
In an insider trading activity, Hogan Brian John, director of Western Refining, Inc., had purchased 10,000 shares on May 26, 2016. The total value of the transaction was $214,100. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.