Western Refining Inc (WNR): Today's Featured Basic Materials Laggard

Western Refining was a leading decliner within the basic materials sector, falling $0.72 (-2.6%) to $27.35 on average volume
By TheStreet Wire ,

Western Refining

(

WNR

) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.1%. By the end of trading, Western Refining fell $0.72 (-2.6%) to $27.35 on average volume. Throughout the day, 1,845,696 shares of Western Refining exchanged hands as compared to its average daily volume of 1,910,600 shares. The stock ranged in price between $27.08-$28.63 after having opened the day at $28.11 as compared to the previous trading day's close of $28.07. Other companies within the Basic Materials sector that declined today were:

HyperDynamics Corporation

(

HDY

), down 88.9%,

Ossen Innovation

(

OSN

), down 13.8%,

Rare Element Resources

(

REE

), down 7.1% and

Tengasco

(

TGC

), down 6.8%.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. It operates in three segments: Refining, Wholesale, and Retail. Western Refining has a market cap of $2.4 billion and is part of the energy industry. The company has a P/E ratio of 6.1, below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Western Refining a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Western Refining

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

Minco Gold Corporation

(

MGH

), up 30.0%,

Prospect Global Resources

(

PGRX

), up 17.7%,

Alexco Resource

(

AXU

), up 15.2% and

Claude Resources

(

CGR

), up 14.8% , were all gainers within the basic materials sector with

Halliburton Company

(

HAL

) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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