Western Refining Logistics LP (WNRL) Price Target Cut to $25.00
Western Refining Logistics LP (NYSE:WNRL) had its price target reduced by Deutsche Bank AG from $26.00 to $25.00 in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 4.82% from the stock’s previous close.
WNRL has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of Western Refining Logistics from a “neutral” rating to an “underweight” rating in a research report on Monday, June 13th. Zacks Investment Research lowered shares of Western Refining Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Credit Suisse Group AG reissued a “hold” rating and issued a $28.00 price target on shares of Western Refining Logistics in a research report on Wednesday, August 3rd. TheStreet raised shares of Western Refining Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, Cowen and Company reissued an “outperform” rating and issued a $32.00 price target (up previously from $26.00) 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 issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.33.
Western Refining Logistics (NYSE:WNRL) traded up 0.38% on Monday, reaching $23.94. 101,146 shares of the company’s stock were exchanged. Western Refining Logistics has a 12 month low of $17.35 and a 12 month high of $26.94. The firm has a 50 day moving average of $23.18 and a 200 day moving average of $23.78. The stock has a market capitalization of $1.24 billion, a PE ratio of 18.03 and a beta of 0.94.
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Western Refining Logistics (NYSE:WNRL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by $0.04. The company had revenue of $578.60 million for the quarter, compared to analyst estimates of $488.40 million. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts predict that Western Refining Logistics will post $1.39 earnings per share for the current fiscal year.
In other Western Refining Logistics news, Director Michael C. Linn purchased 11,200 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $22.32 per share, for a total transaction of $249,984.00. Following the completion of the purchase, the director now directly owns 28,148 shares of the company’s stock, valued at $628,263.36. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeff A. Stevens purchased 134,408 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were acquired at an average price of $22.32 per share, for a total transaction of $2,999,986.56. Following the purchase, the insider now directly owns 410,691 shares of the company’s stock, valued at $9,166,623.12. The disclosure for this purchase can be found here.
Large investors have recently bought and sold shares of the company. Harvest Fund Advisors LLC increased its stake in Western Refining Logistics by 2.5% in the first quarter. Harvest Fund Advisors LLC now owns 3,755,305 shares of the company’s stock worth $87,686,000 after buying an additional 92,289 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Western Refining Logistics by 203.9% in the second quarter. Bank of New York Mellon Corp now owns 136,889 shares of the company’s stock worth $3,585,000 after buying an additional 91,838 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Western Refining Logistics during the second quarter worth $6,231,000. State Street Corp increased its stake in Western Refining Logistics by 3.9% in the first quarter. State Street Corp now owns 13,431 shares of the company’s stock worth $314,000 after buying an additional 503 shares in the last quarter. Finally, TPH Asset Management LLC increased its stake in Western Refining Logistics by 52.8% in the first quarter. TPH Asset Management LLC now owns 965,499 shares of the company’s stock worth $21,981,000 after buying an additional 333,577 shares in the last quarter.
About Western Refining Logistics
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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