Feb 14, 2012:

Western Refining (NYSE: WNR) was downgraded by investment analysts at Goldman Sachs (NYSE: GS) to a “buy” rating in a note issued to investors on Tuesday. Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Western Refining in a research note to investors on Thursday, January 5th. They now have a $14.00 price target on the stock. Analysts at RBC Capital (NYSE: RY) downgraded shares of Western Refining to an “outperform” rating in a research note to investors on Tuesday, January 3rd. Also, analysts at RBC Capital (NYSE: RY) upgraded shares of Western Refining from an “outperform” rating to an “outperform” rating in a research note to investors on Thursday, December 8th. They now have a $20.00 price target on the stock, down previously from $22.00.

Western Refining, Inc. (WNR) an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. The Company owns and operates three refineries with a total crude oil throughput capacity of approximately 221,000 barrels per day (bpd). In addition to its 128,000 bpd refinery in El Paso, Texas, the Company also owns and operates a 70,000 bpd refinery on the East Coast of the United States near Yorktown, Virginia and a refinery near Gallup, New Mexico with a throughput capacity of 23,000 bpd. Its primary operating areas encompass West Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. In addition to the refineries, it also owns and operates stand-alone refined product distribution terminals in Albuquerque, New Mexico; near Flagstaff, Arizona, and Bloomfield, New Mexico, as well as asphalt terminals in Phoenix and Tucson, Arizona; Albuquerque, and El Paso.

Shares of Western Refining opened at 17.89 on Tuesday. Western Refining has a 52 week low of $11.17 and a 52 week high of $21.75. The stock’s 50-day moving average is $15.89 and its 200-day moving average is $15.30. The company has a market cap of $1.597 billion and a P/E ratio of 9.28.

By Web Inquirer