Western Refining (NYSE:WNR) Rating Upgrade
Western Refining (NYSE:WNR)’s rating was increased by equity analysts at Tudor Pickering from a “Sell” rating to a “Hold” rating in a research note issued on Tuesday, 28 June.
According to data compiled by Thomson Reuters, Western Refining (NYSE:WNR)’s stock is covered by 10 equity analysts across the Street, with 2 analysts giving it a Sell rating, 4 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $24.2, which reflects an upside potential of 22.28% over the current price.
NYSE:WNR Price Chart & Trend
The stock price of Western Refining nosedived 58.22% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Western Refining is down 30.75% and down 39.6%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Arosa Capital Management Lp had the biggest stake with ownership of 493,200 shares as of q2 2015 for 3.76% of the fund portfolio. Euclidean Technologies Management Llc is another quite bullish institutional investor who is having 55,595 shares of Western Refining or 2.28% of their fund portfolio. Moreover, Hays Advisory Llc have 1.67% of their fund portfolio invested in the company for 264,040 shares. The New Jersey-based fund Gargoyle Investment Advisor L.L.C. revealed it had acquired so far a stake worth about 1.58% of the institutional investor’s stock portfolio in Western Refining. The Connecticut-based fund Corecommodity Management Llc is also positive about the stock, possessing 94,950 shares or 1.33% of their fund portfolio.Over the last 6 months, Western Refining NYSE:WNR has seen 4 unique insider buys, and 0 insider selling transactions. The net result was for 4 transactions, worth $16.98M.
Western Refining (NYSE:WNR) Profile
Western Refining, Inc. (Western) is a crude oil refiner and marketer of refined products. The Company operates through four segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. Its refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt.
Western Refining (NYSE:WNR) traded up 7.97% on 28 June, hitting $19.79. A total of 6.29M shares of the company’s stock traded hands. This is up from average of 3.19M shares. Western Refining has a 52 week low of $18.90 and a 52 week high of $50.71. The company has a market cap of $1.71B and a P/E ratio of 5.67.
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