Western Refining Logistics LP (WNRL) Given Average Recommendation of “Buy” by Analysts
Western Refining Logistics LP (NYSE:WNRL) has received an average rating of “Buy” from the ten ratings firms that are presently covering the firm. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $28.80.
Several equities analysts have recently commented on WNRL shares. Zacks Investment Research upgraded Western Refining Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st. Barclays PLC lowered their price objective on Western Refining Logistics from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, September 26th. Deutsche Bank AG lowered their price objective on Western Refining Logistics from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Monday. Credit Suisse Group AG restated an “outperform” rating and issued a $31.00 price objective (up from $27.00) on shares of Western Refining Logistics in a research report on Monday, September 19th. Finally, TheStreet upgraded Western Refining Logistics from a “hold” rating to a “buy” rating in a research report on Monday.
Western Refining Logistics (NYSE:WNRL) traded down 0.91% during trading on Wednesday, reaching $24.06. The company had a trading volume of 27,355 shares. The company has a market capitalization of $1.24 billion, a PE ratio of 18.12 and a beta of 0.94. Western Refining Logistics has a one year low of $17.35 and a one year high of $26.94. The firm’s 50 day moving average is $23.20 and its 200 day moving average is $23.81.
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Western Refining Logistics (NYSE:WNRL) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company earned $578.60 million during the quarter, compared to the consensus estimate of $488.40 million. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. On average, equities research analysts predict that Western Refining Logistics will post $1.39 earnings per share for the current year.
In related news, Director Michael C. Linn acquired 11,200 shares of Western Refining Logistics stock in a transaction on Thursday, September 8th. The shares were bought at an average cost of $22.32 per share, with a total value 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 approximately $628,263.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff A. Stevens acquired 134,408 shares of Western Refining Logistics stock in a transaction on Thursday, September 8th. The shares were bought at an average cost of $22.32 per share, for a total transaction of $2,999,986.56. Following the completion of 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.
A number of large investors have recently modified their holdings of the company. Harvest Fund Advisors LLC boosted its stake in shares of Western Refining Logistics by 1.5% in the second quarter. Harvest Fund Advisors LLC now owns 3,811,520 shares of the company’s stock valued at $99,824,000 after buying an additional 56,215 shares during the last quarter. Guggenheim Capital LLC boosted its position in Western Refining Logistics by 311.1% in the second quarter. Guggenheim Capital LLC now owns 58,583 shares of the company’s stock worth $1,534,000 after buying an additional 44,333 shares in the last quarter. 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 worth $958,000 after buying an additional 14,159 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in Western Refining Logistics during the second quarter worth approximately $5,357,000. Finally, 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 worth $410,000 after buying an additional 334 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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