UPDATE: Western Refining Stock Adds Another 4% On Q4 Earnings Beat

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Western Refining ( WNR ) shares rose 3.54% to $37.16 in mid-day trading to close in on their high for the year after reporting Q4 results that beat Wall Street forecasts on Thursday.The shares are closing in on their 52-week high of $37.64.

The company is adding to gains of 2.3% on Thursday after announcing adjusted Q4 EPS of $1.45, beating Wall Street forecasts for EPS of between $1.35 and $1.37. But revenues fell 1.2% to $2.25 billion, missing the average estimate for $2.31 billion.

Zacks ranks the company a #2 Buy, indicating it's expected to outperform the market in the next one to three months. Zacks says the company's access to lower-priced West Texas Intermediate crude gives it a cost advantage over rivals that is reflected in its margins.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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