Yahoo Finance The Word on the Street: What Analysts Are Saying about Western Refining
Inside the Gas Plunge: Western Refining's 1Q16 Refining Margins
Analyst recommendations for Western Refining
In this series, we’ve examined Western Refining’s (WNR) 1Q16 earnings as well as the company’s segmental performance, stock performance, recent moves, and capex (capital expenditures). In this part, we’ll look at analyst ratings for WNR’s stock.
Ratings and price targets
The above table shows that four of the 11 firms have rated Western Refining either “buy,” “overweight,” or “outperform.” The highest 12-month price target for WNR stands at $45, indicating a steep 84% rise from current levels.
The average 12-month price target for WNR stands at $33, indicating a 34% rise from current levels. One of the firms has given Western Refining a “sell” rating. WNR’s lowest 12-month price target stands at $18, implying a 26% fall from its current levels.
The highest price target for WNR was set by Wolfe Research. The lowest price target came from Tudor, Pickering, Holt & Company, Barclays, J.P. Morgan, and Cowen, which have all given price targets exceeding $35 per share. Tudor, Pickering, Holt & Company has given a “sell” recommendation on the stock, while Raymond James, RBC Capital Markets, and Piper Jaffray have given “neutral” or “sector or market perform” recommendations on the stock.
Analyst ratings for WNR peers
PBF Energy (PBF), Delek US Holdings (DK), and Alon USA Energy (ALJ) have been rated “buy” by 67%, 67%, and 9% of analysts surveyed, respectively. For broad-based exposure to energy sector stocks, you can consider the Energy Select Sector SPDR ETF (XLE).
For related analysis, keep checking in with Market Realist’s Downstream Oil and Gas page.
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