Western Refining (NYSE:WNR) has been upgraded from Neutral to Buy in a statement by Citigroup earlier today.
- Updated: October 19, 2016
Boasting a price of $28.07, Western Refining (NYSE:WNR) traded -1.07% lower on the day. With the last stock price close up 16.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Western Refining has recorded a 50-day average of $26.98 and a two hundred day average of $23.88. Volume of trade was down over the average, with 1,474,639 shares of WNR changing hands under the typical 3,139,760
Citigroup has upgraded Western Refining (NYSE:WNR) from Neutral to Buy in a statement released on Wednesday October 19, 2016.
On Monday October 10, 2016, Barclays Capital released a statement for Western Refining (NYSE:WNR) bumped up the target price from $29.00 to $30.00 that suggested an upside of 0.09%.
With a total market value of $0, Western Refining has 52 week low of $18.14 and a 52 week high of $47.55 with a P/E ratio of 9.87 .
In addition to Citigroup reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $24.20 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 7 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Western Refining (NYSE:WNR)
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. Its NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores in the Upper Great Plains region of the United States. Its WNRL segment owns and operates terminal, storage, transportation and wholesale assets consisting of a fleet of crude oil and refined product truck transports and wholesale petroleum product operations in the Southwest region. WNRL's primary customer is its refineries in the Southwest. Its retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest.
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