Western Refining (WNR) Shares are Up 4.2%

Western Refining (WNR) has been under a strong bear grip, hence the stock is down -4.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.27% in the past 1 week. The stock has risen by 4.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.6% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 2.33%. Western Refining, Inc. has dropped 20.61% during the last 3-month period . Year-to-Date the stock performance stands at -38.92%.


Western Refining (NYSE:WNR): stock turned positive on Friday. Though the stock opened at $20.32, the bulls momentum made the stock top out at $20.93 level for the day. The stock recorded a low of $19.86 and closed the trading day at $20.85, in the green by 1.91%. The total traded volume for the day was 2,579,588. The stock had closed at $20.46 in the previous days trading.

Also, Goldman Sachs reinstates its rating on Western Refining (NYSE:WNR). The global brokerage major announces a current price target of $22 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on July 14, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.