Western Refining Inc
Latest Western Refining Inc News and Updates
Valero’s Institutional Holdings before the 1Q17 Results
The institutional holdings in Valero Energy (VLO) are higher than the institutional holdings in Marathon Petroleum (MPC), Phillips 66 (PSX), and Western Refining (WNR).
Why Most Analysts Are Calling Marathon Petroleum a ‘Buy’
Marathon Petroleum (MPC) has been rated by 19 Wall Street analysts. Seventeen analysts (or 89%) have rated it as a “buy” so far in May 2017.
How Refining Stocks’ Historical Valuation Compares
Refining stocks’ valuation In this part, we’ll compare refining stocks’ EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios with their three-year averages. Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and Tesoro (TSO) are trading higher than their historical valuation. MPC was trading at a 10.3x EV-to-EBITDA ratio in 1Q17, compared […]
Understanding Valero’s Stock Performance Prior to the 1Q17 Results
Since February 2017, downstream stocks have been hit by volatile crack conditions and changing inventory levels. VLO has also witnessed volatility in its stock price.
Marathon Petroleum Stock: Performance ahead of the 1Q17 Earnings
Marathon Petroleum stock has plunged 7% year-to-date. Due to its falling price in 1Q17, the stock has broken below its 50-day moving average.
What Do Refining Stock Valuations Reveal?
With respect to the price-to-earnings ratio, larger players Marathon Petroleum (MPC), Tesoro (TSO), and Phillips 66 (PSX) trade higher than the average valuations.
Pre-Hurricane Harvey, US Crude Oil Demand Hit a Record High
US refinery crude oil demand The EIA (U.S. Energy Information Administration) estimates that US refinery crude oil demand rose by 264,000 bpd (barrels per day) to 17,725,000 bpd between August 18 and 25, 2017, reaching the highest level since 1982. Refinery demand rose 1.5% week-over-week and rose 1,110,000 bpd, or 6.6%, year-over-year. High refinery demand is […]
Why September Gasoline Futures Hit a 2-Year High
September gasoline futures contracts rose 4% and closed at $1.78 per gallon on August 29, 2017—the highest settlement in more than two years.
Why MPC’s Valuation Commands a Premium over the Peer Average
MPC’s valuations are above the peer averages likely because it’s now in the process of restructuring its organization to unlock value.
How Analysts Rated Tesoro on Its 1Q17 Earnings Day
Tesoro (TSO) has been rated by 18 analysts. Of those, 12 have assigned the stock a “buy” or “strong buy” rating.
Tesoro Beats 1Q17 Earnings
Tesoro (TSO) posted its 1Q17 results on May 8, 2017. Revenues missed analysts’ estimate, but adjusted EPS of $0.55 surpassed the estimate of $0.31.
Where Do Analysts Ratings for Tesoro Stand Pre-Earnings?
In this series, we’ve examined Tesoro’s (TSO) 1Q17 estimates, refining margin outlook, and stock performance ahead of its earnings release expected on May 8, 2017.
How Did Tesoro’s Stock Perform Pre-1Q17 Earnings?
Since January 3, 2017, TSO stock has fallen 9.8%. Comparatively, crude oil prices have fallen 5.2%, and natural gas prices have fallen 5.6% year-to-date.
How Are Analysts Rating Phillips 66 before Its 1Q17 Earnings?
Phillips 66 has been rated by 19 analysts. Of those, four (or 21.0%) have given it a “buy” or “strong buy” rating.
Marathon Petroleum on the Street: What’s Changed among Analysts?
Of the 19 analysts covering MPC, 17 (89%) analysts have assigned “buy” or “strong buy” ratings, while two (11%) have assigned “hold” ratings.
Are Valero’s Analyst Ratings Weaker or Stronger before the 1Q Results?
Of the 21 analysts covering Valero Energy (VLO), 12 (57%) analysts have assigned “buy” or “strong buy” ratings, while nine (43%) have assigned “hold” ratings.
Why Most Analysts’ Ratings for Tesoro Are ‘Buys’
Thirteen out of the 18 analysts covering Tesoro (TSO) have rated it as a “buy” so far in March 2017. Another five analysts have rated TSO as a “hold.”
Why the Majority of Analysts Rate Phillips 66 as a ‘Hold’
Fifteen out of the 19 analysts covering Phillips 66 (PSX) rated it as a “hold” in March 2017. Another four analysts rated PSX as a “buy” or a “strong buy.”
TSO to Acquire WNR: Where Do Their Valuations Stand?
In this article, we’ll look at Tesoro’s (TSO) and Western Refining’s (WNR) valuations following the news of TSO’s acquisition of WNR.
What Does an Analysis of PSX’s Short Interest Reveal?
Since mid-February 2016, Phillips 66 (PSX) has witnessed an 18% fall in its short interest.
Will WNR’s Refining Margin Trend Higher This Quarter?
Western Refining (WNR) recorded a fall in gross refining margins, from $16.80 per barrel in 1Q15 to $10.80 per barrel in 1Q16.
What Do Analysts Expect from PBF Energy’s 2Q16 Earnings?
In 1Q16, PBF Energy’s revenues surpassed Wall Street analyst estimates by 12%. PBF’s 1Q16 adjusted EPS was -$0.65, as compared to the estimated -$0.47.
How Has Marathon Petroleum Stock Performed Pre-Earnings?
Between July 2014 and November 2015, Marathon Petroleum (MPC) stock rose 51%. But after that, the stock fell until early 2016.
What’s the Correlation between Valero Stock and Oil Prices?
The correlation value for Valero stock and the price of oil shows they have a positive but feeble correlation. Valero stock moves in line with WTI prices only to a certain extent.
US On-Highway Diesel Fuel Prices Hit Fresh 2016 Highs
The EIA reported that US on-highway diesel fuel prices rose by 0.8% week-over-week and closed at $2.40 per gallon on June 6, 2016.
What’s the Relationship between WNR, Crude Oil Prices, and SPY?
The correlation coefficient of Western Refining versus WTI and Brent stands at -0.53 and -0.64, respectively.
PBF’s Cash Flow Is Volatile amid Changes in Working Capital
PBF Energy has seen a fall in cash balances from 3Q14 to 3Q15. PBF’s cash balance in 3Q15 stood at $707 million, showing a 5% fall over 3Q14.
Gasoline and Distillate Inventories Overshadow Crude Oil Market
The EIA (U.S. Energy Information Administration) reported that the US gasoline inventory rose by 8.4 MMbbls to 240.4 MMbbls for the week ending January 8, 2016.
Crack Spread Narrowed: Is There Less Demand for Crude Oil?
The benchmark US Gulf Coast 3:2:1 crack spread fell ~12.50% last week. It hit ~$13.28 per barrel on Friday, November 13, 2015.
Wider Crack Spread: Its Impact on Refiners
The recent rise in the crack spread is driven by factors like low crude oil prices, a rise in demand for gasoline, and a sharp rise in demand for propane.
Can Outages Be Overcome by Alternate Sources of Gasoline Supply?
According to the EIA, since the Torrance outage, imported supplies of gasoline have been arriving in Southern California from all over the world.
