Western Refining (NYSE:WNR) was downgraded by research analysts at Tudor Pickering from an “accumulate” rating to a “hold” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
In other Western Refining news, major shareholder Franklin Mountain Investments sold 50,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $39.98, for a total value of $1,999,000.00. Following the completion of the sale, the insider now directly owns 16,154,581 shares in the company, valued at approximately $645,860,148. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Western Refining (NYSE:WNR) opened at 39.03 on Wednesday. Western Refining has a 52-week low of $25.62 and a 52-week high of $40.95. The stock has a 50-day moving average of $36.04 and a 200-day moving average of $31.52. The company has a market cap of $3.112 billion and a P/E ratio of 8.32.
Western Refining (NYSE:WNR) last released its earnings data on Thursday, October 31st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.18. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Western Refining will post $3.02 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Western Refining in a research note to investors on Monday, December 2nd. They now have a $41.00 price target on the stock. Separately, analysts at Macquarie raised their price target on shares of Western Refining from $38.00 to $42.00 in a research note to investors on Thursday, November 14th. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Western Refining to $40.00 in a research note to investors on Wednesday, November 13th. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $35.67.
Western Refining, Inc (NYSE:WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores.
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