Western Refining, Inc. (NYSE:WNR) Receives Consensus Rating of “Hold” from Analysts
Shares of Western Refining, Inc. (NYSE:WNR) have earned an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $30.74.
A number of brokerages have weighed in on WNR. Credit Suisse Group lowered shares of Western Refining from an “outperform” rating to a “neutral” rating and cut their price target for the company from $48.00 to $40.00 in a research note on Friday, March 24th. Zacks Investment Research raised shares of Western Refining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 21st.
Several hedge funds have recently made changes to their positions in the company. ARP Americas LLC raised its stake in shares of Western Refining by 17.1% in the first quarter. ARP Americas LLC now owns 70,156 shares of the oil and gas company’s stock worth $2,460,000 after buying an additional 10,222 shares in the last quarter. Sit Investment Associates Inc. raised its stake in shares of Western Refining by 12.8% in the first quarter. Sit Investment Associates Inc. now owns 48,000 shares of the oil and gas company’s stock worth $1,683,000 after buying an additional 5,450 shares in the last quarter. Havens Advisors LLC acquired a new stake in shares of Western Refining during the first quarter worth approximately $701,000. Louisiana State Employees Retirement System raised its stake in shares of Western Refining by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the oil and gas company’s stock worth $701,000 after buying an additional 400 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Western Refining by 7.9% in the first quarter. Capstone Asset Management Co. now owns 10,082 shares of the oil and gas company’s stock worth $354,000 after buying an additional 740 shares in the last quarter. 64.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Western Refining (NYSE WNR) traded down 0.06% during midday trading on Tuesday, hitting $36.18. 17,018,870 shares of the company traded hands. Western Refining has a 12-month low of $18.14 and a 12-month high of $40.09. The stock’s 50-day moving average is $35.15 and its 200 day moving average is $36.09.
Western Refining (NYSE:WNR) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. Western Refining had a net margin of 0.90% and a return on equity of 2.76%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, equities analysts predict that Western Refining will post $1.49 EPS for the current fiscal year.
Western Refining Company Profile
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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