Piper Jaffray Cos. Increases Western Refining Inc. (WNR) Price Target to $23.00

Western Refining
Piper Jaffray Cos. Increases Western Refining Inc. (WNR) Price Target to $23.00
Author

18 September, 2016

For the next 5 years, Western Refining, Inc.is expecting Growth of -17.6% per annum, whereas in the past 5 years the growth was -8.38% per annum. 7 advised "Hold Rating" regarding the stock. BlackRock Inc. increased its stake in shares of Western Refining by 40.6% in the first quarter.

Western Refining (NYSE:WNR) last announced its quarterly earnings data on Tuesday, August 2nd. (NYSE:WNR) [Trend Analysis], stock increased around 4.61% in early session as its gaining volume of 4.28 Million. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock. According to a research note published on Jan 4, 2016, analysts at Tudor Pickering have upped their rating on the company stock from Hold to Buy.

Company mean estimate for revenue for the ongoing quarter ending Oct 16 is $3.49B by 21 analysts. (NYSE:UBA), where 1 points to a Strong Buy rating and 5 would mark a Strong Sell rating.

Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of Western Refining Logistics, LP (NYSE:WNRL). The firm's revenue for the quarter was down 25.5% on a year-over-year basis. That is compared with the $1.69 in earnings per share it reported during the same period previous year. The company's price sits 20.08% below from its 50-day moving average of $24.23and 3.47% far from the stock's 200-day moving average which is $24.09. The mean price target for the shares of company is at $48.89 while the highest price target suggested by the analysts is $65.00 and low price target is $34.00.

In other Western Refining news, Chairman Paul L. Foster purchased 325,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 9th. This transaction occurred on 2016-05-27 totals $213000.7. The average numbers of shares are traded in a security per day, during the recent 3-month period. (WNR) has a US$3.05 Billion market cap.

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02/25/2016 - Western Refining Logistics, LP had its "outperform" rating reiterated by analysts at Cowen. 5 said a "Buy Rating" and 0 announced "Overweight Rating".

Western Refining, Inc.is an independent refining and marketing company headquartered in El Paso, Texas.

Western Refining Logistics, LP owns, operates, develops, and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets related to the terminaling, transportation, storage and distribution of crude oil and refined products.

The logistics assets acquired by WNRL included approximately four million barrels of refined product and crude oil storage tanks, a light products terminal, a heavy products loading rack, certain rail and barge facilities, certain other related logistics assets, and two crude oil pipeline segments and one pipeline segment not now in service, each of which is approximately 2.5 miles and extends from SPPR's refinery in St. Paul Park, Minnesota to SPPR's tank farm in Cottage Grove, Minnesota.


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