Western Refining (WNR) : 7 analysts are covering Western Refining (WNR) and their average rating on the stock is 2.71, 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 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 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 most positive equity analysts on Western Refining (WNR) expects the shares to touch $29, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $23.75 with an expected fluctuation of $4.57 from the mean.
Also, Piper Jaffray maintains 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 Neutral by the stock experts at the ratings house. Piper Jaffray raises the price target from $16 per share to $19 per share on Western Refining . The rating by the firm was issued on August 22, 2016.
Western Refining (NYSE:WNR): After opening at $26.84, the stock dipped to an intraday low of $26.59 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.21 and the buying power remained strong till the end. The stock closed at $27.43 for the day, a gain of 4.61% for the day session. The total traded volume was 4,286,297. The stocks close on the previous trading day was $26.22.
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.