Brokerage Firm Rating Update on Western Refining (WNR)

Western Refining (WNR) : The consensus on Western Refining (WNR) based on 7 analyst recommendation on the company stock is 2.71, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell 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.


Company shares have received an average consensus rating of Hold for the current week Also, Piper Jaffray maintains its rating on Western Refining (NYSE:WNR). The global brokerage major raises the current price target from $16 per share to $19 per share. Analysts at the Piper Jaffray have a current rating of Neutral on the shares. The rating by the firm was issued on August 22, 2016.

Western Refining (NYSE:WNR): The stock opened at $26 and touched an intraday high of $26.81 on Wednesday. During the day, the stock corrected to an intraday low of $25.99, however, the bulls stepped in and pushed the price higher to close in the green at $26.47 with a gain of 2.32% for the day. The total traded volume for the day was 4,149,668. The stock had closed at $25.87 in the previous trading session.

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.

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