Analysts Concerns on: Western Refining, Inc. (NYSE:WNR)

LLC to its master limited partnership (MLP) unit, Western Refining Logistics, LP (WNRL – Snapshot Report). Zacks Investment Research downgraded shares of Western Refining Logistics from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Goldman Sachs Group Inc. began coverage on shares of Western Refining in a report on Sunday, July 17th.

Shareholders at both companies voted to approve the transaction yesterday, with Memorial shareholders receiving 0.375 of a Range share, valuing the target’s shares at around $14.76 each, based on Range Resource’s closing price last night. The stock has blown through analysts’ low price target of US$19, but is still below the high US$32 target. The stock now has an average rating of “Hold” and a consensus target price of $29.17. Western Refining, Inc.’s (WNR) is a part of Basic Materials sector and belongs to Oil & Gas Refining & Marketing industry.

Western Refining Logistics, LP (NYSE:WNRL) stock made a high of $26.9400 in last 12-months and the lowest mark in same period was $17.3500. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 10.03% where SMA50 and SMA200 are 20.08% and 3.47% respectively. The company is expected to release $0.42 EPS for current quarter according to 13 analysts whereas the company reported $.69 EPS during same quarter a year ago. Western Refining had a net margin of 3.20% and a return on equity of 10.65%. Whereas for the next year revenues are set at $ 11.18B by 6 analysts.

Currently Western Refining, Inc. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.74 and a beta of 1.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The stock was acquired at an average price of $23.25 per share, for a total transaction of $2,325,000.00. The disclosure for this purchase can be found here.

WNR has been the topic of several other reports. Barclays PLC increased its position in Western Refining Logistics by 63.2% in the second quarter.

02/25/2016 – Western Refining Logistics, LP had its “outperform” rating reiterated by analysts at Cowen. The company will report its next earnings on Nov 1 – Nov 7 (Est.). Hedge funds and other institutional investors own 65.13% of the company’s stock.

El Paso, TX-headquartered Western Refining is an independent refiner and marketer of refined petroleum products in the Southwestern and Mid-Atlantic regions of the U.S.

The logistics assets sold to 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.

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.