Western Refining Logistics LP (WNRL) Given New $25.00 Price Target at Deutsche Bank AG
Western Refining Logistics LP (NYSE:WNRL) had its target price dropped by analysts at Deutsche Bank AG from $26.00 to $25.00 in a note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 4.82% from the stock’s previous close.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded Western Refining Logistics from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, July 27th. JPMorgan Chase & Co. lowered Western Refining Logistics from a “neutral” rating to an “underweight” rating in a report on Monday, June 13th. Barclays PLC dropped their price target on Western Refining Logistics from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, September 26th. Cowen and Company reissued an “outperform” rating and issued a $32.00 target price (up from $26.00) on shares of Western Refining Logistics in a research report on Monday, September 19th. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $31.00 target price (up from $27.00) on shares of Western Refining Logistics in a research report on Monday, September 19th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $28.33.
Western Refining Logistics (NYSE:WNRL) traded up 0.38% during midday trading on Monday, reaching $23.94. The company’s stock had a trading volume of 100,094 shares. The firm has a 50 day moving average of $23.18 and a 200 day moving average of $23.78. Western Refining Logistics has a 52-week low of $17.35 and a 52-week high of $26.94. The firm has a market cap of $1.24 billion, a P/E ratio of 18.03 and a beta of 0.94.
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Western Refining Logistics (NYSE:WNRL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.04. The company earned $578.60 million during the quarter, compared to analyst estimates of $488.40 million. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Analysts anticipate that Western Refining Logistics will post $1.39 earnings per share for the current fiscal year.
In related news, Director Michael C. Linn purchased 11,200 shares of Western Refining Logistics stock in a transaction dated Thursday, September 8th. The stock was bought at an average cost of $22.32 per share, for a total transaction of $249,984.00. Following the completion of the transaction, the director now owns 28,148 shares in the company, valued at $628,263.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff A. Stevens purchased 134,408 shares of Western Refining Logistics stock in a transaction dated Thursday, September 8th. The stock was bought at an average price of $22.32 per share, with a total value of $2,999,986.56. Following the completion of the transaction, the insider now owns 410,691 shares of the company’s stock, valued at approximately $9,166,623.12. The disclosure for this purchase can be found here.
Several institutional investors have recently made changes to their positions in WNRL. Nuveen Asset Management LLC boosted its position in shares of Western Refining Logistics by 0.3% in the first quarter. Nuveen Asset Management LLC now owns 11,790 shares of the company’s stock valued at $275,000 after buying an additional 35 shares during the period. State Street Corp boosted its position in Western Refining Logistics by 3.9% in the first quarter. State Street Corp now owns 13,431 shares of the company’s stock valued at $314,000 after buying an additional 503 shares during the last quarter. US Bancorp DE boosted its position in Western Refining Logistics by 2.2% in the second quarter. US Bancorp DE now owns 15,640 shares of the company’s stock valued at $410,000 after buying an additional 334 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new position in Western Refining Logistics during the first quarter valued at approximately $701,000. Finally, Barclays PLC boosted its position in Western Refining Logistics by 63.2% in the second quarter. Barclays PLC now owns 36,578 shares of the company’s stock valued at $958,000 after buying an additional 14,159 shares during the last quarter.
Western Refining Logistics Company Profile
Western Refining Logistics, LP owns, operates, develops, and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets related to the terminaling, transportation, storage and distribution of crude oil and refined products. The Company’s segments are the logistics segment and the wholesale segment.
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