Western Refining Got Some Good News

By Ryan Adsit

In a report released today, Brad Heffern from RBC Capital upgraded Western Refining (NYSE: WNR) to Buy. The company’s shares closed yesterday at $28.71.

According to TipRanks.com, Heffern is a 1-star analyst with an average return of -1.9% and a 55.0% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Gulfport Energy Corp., and Hollyfrontier Corp.

Currently, the analyst consensus on Western Refining is Moderate Buy and the average price target is $32.25, representing a 12.3% upside.

In a report issued on November 4, Credit Suisse also maintained a Buy rating on the stock with a $31 price target.

The company has a one year high of $46.65 and a one year low of $18.14. Currently, Western Refining has an average volume of 3M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WNR in relation to earlier this year. Most recently, in August 2016, Jeff Stevens, the President & CEO of WNR bought 100,000 shares for a total of $2,324,513.

Wingara Ag Ltd. is engaged in the investment in agricultural industry. It involves in the processing and marketing of agricultural products. The company was founded on March 1, 1984 and is headquartered in Kew, Australia.