Western Refining (WNR) Receiving Positive Press Coverage, Analysis Shows
News headlines about Western Refining (NYSE:WNR) have been trending positive on Friday, AlphaOne reports. The research firm, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Refining earned a daily sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oil and gas company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the immediate future.
Shares of Western Refining (NYSE WNR) remained flat at $36.18 during mid-day trading on Friday. The company’s 50-day moving average price is $35.15 and its 200 day moving average price is $36.09. Western Refining has a 12-month low of $18.14 and a 12-month high of $40.09. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 36.04 and a beta of 1.26.
Western Refining (NYSE:WNR) last announced its quarterly earnings data on Tuesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Western Refining had a return on equity of 2.76% and a net margin of 0.90%. During the same period in the previous year, the firm earned $0.13 EPS. On average, analysts anticipate that Western Refining will post $1.49 earnings per share for the current year.
WNR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Western Refining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Credit Suisse Group lowered Western Refining from an “outperform” rating to a “neutral” rating and cut their target price for the company from $48.00 to $40.00 in a research note on Friday, March 24th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.06.
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About Western Refining
Western Refining, Inc is an independent crude oil refiner and marketer of refined products. The Company operates through segments, including refining, Western Refining Logistics, LP (WNRL), retail and Other. As of December 31, 2016, the refining segment owned and operated three refineries that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt.
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