Western Refining, Inc. (NYSE:WNR) is trading up 102.06% versus 12-month low of 17.56 and stands -11.47% lower from its 1-year peak of $40.09. The consensus price target (PT) of $36.60 means that the market expects Company shares to increase by 3.3% in the short run. The sell-side target prices range from $22 to $46. In the last month the stock has moved in price -9.60%, with a one year change of -1.11%. The last trading session volume compares with the 2.74M average and market worth floats around 3.91B.
Western Refining, Inc. (NYSE:WNR) gained 0.14% to reach at the trading price of $35.49 as it is set to release its next quarterly earnings report on February 27, 2017. Western Refining, Inc. stock trades in the range of $35.12 to $36.46 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.12 a share with $2.35B in revenue.
Western Refining, Inc. (WNR) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Western Refining, Inc. to earn $0.22 per share (EPS) on revenue of $2.7B. The EPS consensus range is $-0.38-$0.59 on revenue between $3.55B and $2.07B.
While if we look at the Earnings Track Record, Western Refining, Inc. (WNR) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, Western Refining, Inc. (WNR) generated $0.46 in earnings per share, beating the consensus estimate of $0.42. Revenues hit $2.07B in the September 2017 quarter, which was below the consensus $2.71B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.11B revenue with earnings per share of $0.72. Wall Street had anticipated $2.11B and $0.51, respectively. For comparison, there was a revenue of $1.46B and EPS of $0.13 in the March 2016 period.
Western Refining, Inc. (NYSE:WNR) Analyst Insights
The buoyancy in the outlook of Western Refining, Inc. (WNR) is getting weaker by the somewhat negative sentiment (2.70 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Underweight. RBC Capital Mkts has been covering shares of WNR, so it is most recent view is worth a look. In a research note issued on Nov 18, 2016, analysts at downgraded the stock to Sector Perform from Outperform. Another noteworthy analyst activity was recorded on Nov 15, 2016. RBC Capital Mkts Analysts lifted the stock to Outperform from Sector Perform.