Western Refining Rises On Unusually High Volume (WNR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Western Refining (NYSE: WNR) is trading at unusually high volume Thursday with 3.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.19 (+4.4%) at $28.21 as of 4:03 p.m. ET.

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Western Refining has a market cap of $2.44 billion and is part of the basic materials sector and energy industry. Shares are down 2.1% year to date as of the close of trading on Wednesday.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in three segments: Refining Group, Wholesale Group, and Retail Group. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Western Refining as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Western Refining Ratings Report.

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