Western Refining Logistics Upgraded by Citigroup Inc. to Buy (WNRL)
Western Refining Logistics (NASDAQ:WNRL) traded down 1.50% during mid-day trading on Monday, hitting $33.54. The stock had a trading volume of 30,037 shares. Western Refining Logistics has a one year low of $23.12 and a one year high of $35.70. The stock has a 50-day moving average of $33. and a 200-day moving average of $30.62. The company’s market cap is $1.530 billion.
Western Refining Logistics (NASDAQ:WNRL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ 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. Western Refining Logistics’s revenue was up 2881.8% compared to the same quarter last year. Analysts expect that Western Refining Logistics will post $1.20 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie raised their price target on shares of Western Refining Logistics from $46.00 to $48.00 in a research note on Friday, May 9th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Western Refining Logistics in a research note on Wednesday, May 7th. They now have a $35.00 price target on the stock, up previously from $29.00. Finally, 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.91.
Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets.
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