The Western Refining Logistics LP (WNRL) Upgraded at TheStreet

The Western Refining Logistics LP (WNRL) Upgraded at TheStreet

TheStreet upgraded shares of Western Refining Logistics LP (NYSE:WNRL) from a hold rating to a buy rating in a research report released on Monday.

WNRL has been the subject of several other reports. Zacks Investment Research lowered Western Refining Logistics from a buy rating to a hold rating in a report on Friday, August 5th. Credit Suisse Group AG reissued a hold rating and issued a $28.00 price objective on shares of Western Refining Logistics in a report on Wednesday, August 3rd. Deutsche Bank AG decreased their price objective on Western Refining Logistics from $26.00 to $25.00 and set a hold rating for the company in a report on Monday. JPMorgan Chase & Co. lowered Western Refining Logistics from a neutral rating to an underweight rating in a report on Monday, June 13th. Finally, Barclays PLC decreased their price objective on Western Refining Logistics from $28.00 to $26.00 and set an equal weight rating for the company in a report on Monday, September 26th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $28.33.

Western Refining Logistics (NYSE:WNRL) opened at 23.97 on Monday. Western Refining Logistics has a 1-year low of $17.35 and a 1-year high of $26.94. The stock has a market capitalization of $1.24 billion, a P/E ratio of 18.05 and a beta of 0.94. The company has a 50-day moving average price of $23.21 and a 200 day moving average price of $23.82.

Western Refining Logistics (NYSE:WNRL) last announced its quarterly earnings data 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 analysts’ expectations of $488.40 million. The firm’s revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. On average, equities analysts predict that Western Refining Logistics will post $1.39 EPS for the current year.

In related news, Director Michael C. Linn acquired 11,200 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was bought at an average price of $22.32 per share, for a total transaction of $249,984.00. Following the transaction, the director now owns 28,148 shares of the company’s stock, valued at $628,263.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeff A. Stevens acquired 134,408 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were bought at an average price of $22.32 per share, with a total value of $2,999,986.56. Following the transaction, the insider now directly owns 410,691 shares in the company, valued at approximately $9,166,623.12. The disclosure for this purchase can be found here.

Large investors have recently made changes to their positions in the stock. Harvest Fund Advisors LLC increased 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 worth $99,824,000 after buying an additional 56,215 shares during the period. Guggenheim Capital LLC increased its stake in shares of 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 during the period. Barclays PLC increased its stake in shares of 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 during the period. Uniplan Investment Counsel Inc. bought a new stake in shares of Western Refining Logistics during the second quarter worth approximately $5,357,000. Finally, US Bancorp DE increased its stake in shares of 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 during the period.

Western Refining Logistics Company Profile

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