Western Refining Logistics Price Target Raised to $35.00 at Credit Suisse (WNRL)
Investment analysts at Credit Suisse boosted their price objective on shares of Western Refining Logistics (NASDAQ:WNRL) from $29.00 to $35.00 in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price indicates a potential upside of 0.57% from the stock’s previous close.
Shares of Western Refining Logistics (NASDAQ:WNRL) opened at 34.80 on Wednesday. Western Refining Logistics has a one year low of $23.12 and a one year high of $34.80. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $28.1. The company’s market cap is $1.588 billion.
Western Refining Logistics (NASDAQ:WNRL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.19. The company had revenue of $32.76 billion for the quarter, compared to the consensus estimate of $30.65 billion. The company’s revenue for the quarter was up 2881.8% on a year-over-year basis. On average, analysts predict that Western Refining Logistics will post $1.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 26th. Investors of record on Friday, May 16th will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, May 14th. This is an increase from Western Refining Logistics’s previous quarterly dividend of $0.24.
WNRL has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Western Refining Logistics in a research note on Tuesday, April 29th. They now have a $38.00 price target on the stock, up previously from $34.00. Separately, analysts at Imperial Capital raised their price target on shares of Western Refining Logistics from $30.00 to $44.00 in a research note on Wednesday, March 12th. They now have an “in-line” rating on the stock. Finally, analysts at Macquarie cut their price target on shares of Western Refining Logistics from $52.00 to $46.00 in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Western Refining Logistics has a consensus rating of “Buy” and a consensus price target of $35.93.
Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets.
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