Western Refining (WNR) : 8 analysts are covering Western Refining (WNR) and their average rating on the stock is 3, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Western Refining (WNR) : The highest level Western Refining (WNR) is projected to reach is $47 for the short term and the lowest estimate is at $16. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $26.17 and the possibility the share price can swing is $10.98.
Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs reinstates its rating on Western Refining (NYSE:WNR). The global brokerage major announces a current price target of $22 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on July 14, 2016.
Western Refining (NYSE:WNR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.28 and $22.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.18, notching a gain of 3.57% for the day. The total traded volume was 5,098,456 . The stock had closed at $22.38 on the previous day.
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.