INV: Oil Prices Snap Five-Session Winning Streak: Western Refining
U.S. oil prices fell Friday, snapping a five-session winning streak as concerns about fighting in the Middle East faded, negotiators appeared optimistic about a nuclear agreement with Iran, and a measure of U.S. drilling activity underwhelmed the market.
U.S. crude oil for May delivery fell $2.56, or 5%, to settle at $48.87 on the New York Mercantile Exchange, giving back its gains from Thursday when Saudi Arabian bombing runs against Shiite rebels in Yemen had pushed prices higher. In electronic trading, the Nymex contract extended its losses, falling to $48.28 a barrel. Brent crude, the global benchmark, ended down $2.78, or 4.7%, at $56.41 a barrel on the ICE Futures Europe exchange.
The U.S. contract fell just shy of setting its best weekly gain in more than four years, as prices climbed this past week with the dollar cooling from recent highs—a factor that prompts some investors to dive into commodity markets—and as Middle East tensions raised concerns about potential supply interruptions.
Still, oil posted its best weekly gain since early February, rising 4.9% on the week. The Nymex contract has rallied despite rising supplies, with the U.S. Energy Information Administration reporting this past week that U.S. stockpiles rose to another all-time record high.
In the last trading session, Western Refining, Inc. (NYSE:WNR) price moved +18.20% above its 200 day moving average, changing hands as low as $47.57 per share. The stock is currently trading +13.27% up its SMA 50. The worst hit in its 52 week range is $31.60 per share, with $51.31 being the 52 week best price, which compares with a latest closing price of $47.68. The Beta of this stock is 1.98.
HollyFrontier Corp (NYSE:HFC) has a market value of $7.74 billion. It employs 2686 people, over the last 12 months has generated revenue of $7.74 billion and has a net income of $280.50 million. The firm’s operating margin is 2.50 percent and net profit margin 1.40 percent. The latest closing price of $39.54 was up +2.90% from the 50-day moving average.
For Valero Energy Corporation (NYSE:VLO), a return on equity of 17.80 percent was realized due to the financial situation. Last twelve months earnings per share reached a value of $6.98. Last fiscal year, $1.60 has been paid in form of dividends to investors. Earnings are projected to move up 4.83 percent for the coming five years. The stock closed at $61.87, down -$1.51 or -2.38% from previous close and at a distance of +2.75% from 20-day simple moving average.
Shares of Tesoro Corporation (NYSE:TSO) traded down -2.38% during last trading session, reaching $61.87. The stock has a 52 week low of $41.99 and a 52 week high of $64.49. The company has a market cap of $31.86 billion and a P/E ratio of 8.86. The P/S ratio is 0.24 and P/B ratio 1.55. The beta value is 1.91. The stock’s RSI amounts to 59.35.
