Western Refining (WNR) : 2 brokerage houses believe that Western Refining (WNR) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Western Refining (WNR). Zacks Investment Research suggests a Strong Sell with a rank of 5. 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 8 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Western Refining (WNR) : The highest short term price target forecast on Western Refining (WNR) is $29 and the lowest target price is $16. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $22.4 with a standard deviation of $5.13.
Company shares have received an average consensus rating of Hold for the current week Western Refining (NYSE:WNR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.11 and $22.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.29, notching a gain of 1.22% for the day. The total traded volume was 3,470,334 . The stock had closed at $23.01 on the previous day.
In a related news, Hogan Brian John, director of Western Refining, Inc., executed a transaction worth $214,100 on May 26, 2016. A total of 10,000 shares were purchased at an average price of $21.41. The Insider information was divulged by the Securities and Exchange Commission 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.