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| Last Price |
25.93 (11.20.09 6:40 PM EST) |
| Change (%) |
+0.39 (+1.53%) |
| Volume |
5,823,032 |
| Open |
25.53 |
| Previous Close |
25.54 |
| Day High |
26.11 |
| Day Low |
25.38 |
| Bid |
25.92 x 3900 |
| Ask |
25.98 x 100 |
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| Average Volume |
3,247,500 |
| Shares Outstanding |
116.91M |
| Market Cap |
3.0B |
| Year High |
47.40 |
| Year Low |
21.45 |
| Earnings Per Share |
-1.41 |
| P/E Ratio |
- |
| Dividend |
1.20 |
| Yield |
4.63 |
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| Symbol
| Last
| Change (%)
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| SGTPY |
4.70 |
+0.00 (+0.00) |
| DRAGF |
6.65 |
-0.35 (-5.00%) |
| CGPVF |
22.92 |
+0.00 (+0.00) |
| SIPCHEM |
22.85 |
+0.00 (+0.00) |
| XCO |
16.03 |
+0.00 (+0.00) |
| SBFFF |
20.15 |
+0.00 (+0.00) |
| CGV |
21.34 |
+0.00 (+0.00) |
|
| Tue, Nov 17, 2009 |
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RidgewaterEquity.com Free Fundamental Sector & Market Research on AEP, FL, TIF, SUN, DOW and GSS
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).
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Marketwire
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| Thu, Nov 12, 2009 |
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Stock Watch: PrimeGen Energy -- November 12, 2009
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
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Marketwire
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| Sat, Nov 07, 2009 |
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Biggest Oil & Gas Stocks Losers were SD, SUN, CVI : by Penny Stock Pick Alert
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EmailWire.Com Press ...
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| Fri, Nov 06, 2009 |
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Critical Alerts for eBay, Oracle, ADP, Sunoco, and Skyworks Released by Seven Summits Research
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PR Newswire
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RidgewaterEquity.com Free Fundamental Sector & Market Research on SUN, KSS, TNB, KR, MR and SNDK
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).
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Marketwire
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More Press Releases
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| Mon, Nov 16, 2009 |
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(WNR) Western Refining Suffers Quarterly Loss
Oil refiner and marketer Western Refining Inc. (WNR) reported weaker-than-expected third quarter results, pulled down by lower margins and throughput on the back of weak fuel demand and high inventories caused by the prolonged economic slowdown. This was partially offset by lower costs and expenses. Its loss per share came in at 5 cents, wider [...]
(WNR) Western Refining Suffers Quarterly Loss
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WNR Suffers Quarterly Loss – Analyst Blog
Oil refiner and marketer Western Refining Inc. ( WNR) reported weaker-than-expected third quarter results, pulled down by lower margins and throughput on the back of weak fuel demand and high inventories caused by the prolonged economic slowdown. This was partially offset by lower costs and expenses. Its loss per share came in at 5 cents, wider than the Zacks Consensus Estimate of 3 cents.
In the year-ago period, the Texas-based company earned $1.60 per share. Revenues were down 40.1% year over year to $1.9 billion. Western follows larger rivals Valero Energy Corp. ( VLO) and Sunoco Inc. ( SUN) that also posted bigger-than-expected losses.
Refining Segment Results
Western’s refining segment experienced a significant decline in operating income (operating income of $22.2 million vs. $180.8 million in the year-earlier quarter), adversely impacted by weak values for finished products, relative to crude and other feedstock prices.
Throughput
Total refining throughput averaged 223,129 barrels per day (Bbl/d), compared to 230,814 Bbl/d in the year-ago quarter. Overall throughput volumes in the El Paso refinery decreased 1.8% year-over-year to 130,142 Bbl/d. Throughput in the company’s Yorktown refinery fell 5.8% year-over-year to 64,538 Bbl/d, while for the Four Corners refineries, it was down approximately 4.4% to 28,449 Bbl/d.
Refining Margins
Gross refining margin decreased 51.6% year-over-year to $7.28 per barrel. In terms of different regions, refining margin was down approximately 38.2% in El Paso to $8.05 per barrel, 82.1% in Yorktown to $2.67 per barrel, and roughly 39.0% in the Four Corners to $14.04 per barrel.
Operating Expenses
Direct operating expenses during the quarter averaged 4.29 per barrel, down 11.0% year-over-year. Costs in El Paso, Yorktown and Four Corners were $3.01 per barrel (down 21.2% year-over-year), $4.98 per barrel (up 5.5%), and $7.64 per barrel (down approximately 2.6%), respectively.
Capital Expenditure & Balance Sheet
Western’s total capital spending during the third quarter of 2009 was $24.0 million, primarily comprising of regulatory projects at its refineries. As of September 30, 2009, Western had cash on hand of $65.0 million and long-term debt of approximately $1.1 billion, representing a debt-to-capitalization ratio of 57.7%.
Company Initiatives
Given the weak refining margin environment, Western has taken certain strategic actions to improve the company’s performance and competitiveness in a cost-effective manner. As part of this effort, Western plans to consolidate the operations of its Four Corners refineries (Bloomfield and Gallup) into one at the Gallup refinery. The company hopes to save $25 annually through this streamlining.
Despite shuttering the Bloomfield facility, Western will continue to operate the refinery’s products terminal and may use the idled plant to produce alternative fuels. The company is likely to incur charges of $55 - $65 million in the fourth quarter related to the consolidation.
Guidance
For the fourth quarter, total refinery throughput is anticipated to be approximately 212,000 Bbl/d. Operating costs are likely to be approximately $4.36 per barrel at El Paso, $8.71 per barrel at the Four Corners refineries and $5.42 per barrel at Yorktown. The company further informed that it expects capital spending for 2009 to be within $120 million, as against its originally stated budget of $155 million. For 2010, Western plans to spend approximately $100 million.
Company Overview
Western Refining is an independent oil refiner that operates 4 refineries, 2 terminals, 4 asphalt terminals as well as retail service stations and convenience stores in Arizona, Colorado and New Mexico. Western also transports petroleum products throughout the Southwest. Read the full analyst report on "WNR"Read the full analyst report on "VLO"Read the full analyst report on "SUN"Zacks Investment Research |
| Fri, Nov 13, 2009 |
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Analyst upgrades, downgrades and initiations: AAP, FRO, MSFT, QCOM, SUN, WYNN ...
BloggingStocks: Analyst upgrades:
Wells Fargo upgraded Qualcomm (QCOM) to outperform from market perform. The firm believes key risks have been eliminated, such as the license dispute with Nokia (NOK) and litigation with Broadcom (BRCM), and thinks Qualcomm is ... Read more
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BloggingStocks
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| Tue, Nov 10, 2009 |
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Sun Microsystems Kills Social Programming Project Zembly
 Sun Microsystems sure had some very nice things to say about the zembly project when it was introduced a couple of years ago:
We like to say that zembly is the development environment for Sun's bold vision—an application development environment that not only targets the web as its native platform, but uses cutting-edge web innovations such as web services, social networking, and Web 2.0, to change the way applications are built, deployed, scaled, and delivered to where users congregate.
Zembly was an interesting attempt to lower the barrier of entry to writing applications for social platforms such as Facebook, Orkut, Meebo, OpenSocial and the iPhone by sharing services and widgets with the developer community. But apparently, Sun's bold vision didn't quite cut it, so it's cutting zembly loose and shutting the service down at the end of this month.
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Zacks Bull and Bear of the Day Highlights: NVIDIA Corp., Red Robin Gourmet Burgers, Tesoro Corporation, Valero Energy Corp. and Sunoco Inc. – Press Releases
For Immediate Release
Chicago, IL – November 10, 2009 – Zacks Equity Research highlights NVIDIA Corp. (NVDA) as the Bull of the Day and Red Robin Gourmet Burgers (RRGB) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Tesoro Corporation (TSO), Valero Energy Corp. (VLO) and Sunoco Inc. (SUN).
Full analysis of all these stocks is available at http://at.zacks.com/?id=5506
Here is a synopsis of all five stocks:
Bull of the Day:
NVIDIA Corp. (NVDA) posted revenue and earnings well above expectations. NVIDIA is poised for growth through improved cost management, rising demand for GPU and graphics chips, increased orders mainly from China and product launches.
The company is introducing new products at regular intervals and getting good feedback. We believe NVIDIA is well positioned in the longer term given its leadership in the Tegra line-up, the ramp-up of its 40nm process technology and share gains in notebooks and desktops.
We are looking for meaningful revenue growth and sustainable margin expansion. We have changed our rating to Outperform with a six-month price target of $17.00.
Bear of the Day:
Red Robin Gourmet Burgers (RRGB) is vulnerable to economic headwinds, and we believe that the stock will continue to underperform the restaurant industry. Impeding the growth is its sagging same-store sales and declining traffic counts.
The company's third-quarter 2009 same-store sales fell 14.9%. The chain expects guest counts to remain negative, and expects restaurant-level operating margins to decline by 150 to 160 basis points in fiscal year 2009.
In addition, more than 50% of total restaurants are located in areas, which have been hit hard by the housing downturn and economic slowdown. This may dampen the company's growth potential.
Latest Posts on the Zacks Analyst Blog:
Tesoro Beats, Cuts Dividend in Half
Tesoro Corporation’s (TSO) third-quarter 2009 results came in significantly better than expected, helped by better demand balance in the company’s key West Coast region. Earnings per share came in at 24 cents, against Zacks Consensus Estimate of a penny loss.
Tesoro’s outperformance is in contrast to the steep losses posted by the other major refiners that have already reported -- Valero Energy Corp. (VLO) and Sunoco Inc. (SUN).
However, compared to the year-ago period, Tesoro’s earnings per share plunged 87.1%, while sales declined 45.4% to $4.7 billion -- severely hampered by depressed refining margins and lower throughput on the back of weak fuel demand and high inventories.
Tesoro announced a 50% reduction in its quarterly dividend to 5 cents per share (20 cents per share annualized). The new dividend is payable on December 15, to shareholders of record on December 1, 2009.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=5507.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=5508.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5509.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact:
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Zacks Investment Research |
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More Blogs
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| Fri, Nov 06, 2009 |
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SAP tried to meet with Oracle over Sun-EU impasse
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Infoworld News
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| Thu, Oct 22, 2009 |
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October 22, 2009 - Today's Industrial Market News from Industrialinfo.com
Companies featured in this segment: Sunoco Incorporated (NYSE:SUN), Eni S.p.A (NYSE:E), Royal Dutch Shell plc (NYSE:RDS.A), National Grid plc (NYSE:NGG), developer Iberdrola SA (OTC:IBDRY)  |
| Fri, Jul 24, 2009 |
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July 24, 2009 - Today's Industrial Market News from Industrialinfo.com
Companies featured in this segment: Eastman Chemical Company (NYSE:EMN), Sunoco Incorporated (NYSE:SUN), Dow Chemical Company (NYSE:DOW), Huntsman Corporation (NYSE:HUN), Siemens AG (NYSE:SI), Nordex AG (ETR:NTX1),Areva SA (EPA:CEI)  |
| Wed, Jun 17, 2009 |
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Sun's Rock chip doomed from start
Sun's development Rock processor was a troubled project that may never have stood a chance, analysts said following reports that the chip had been axed. |
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Sun reportedly cancels 16-core Rock processors
Sun is reportedly canceling its long-awaited Rock project, a 16-core server chip that was expected to be delivered this fall. |
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