Shares of Western Refining Logistics LP (NYSE:WNRL) have been given an average recommendation of “Buy” by the ten research firms that are covering the firm. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.80.

Several equities research analysts have issued reports on WNRL shares. Cowen and Company restated 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. JPMorgan Chase & Co. restated a “neutral” rating on shares of Western Refining Logistics in a research report on Friday, September 16th. TheStreet upgraded Western Refining Logistics from a “hold” rating to a “buy” rating in a research report on Monday. Credit Suisse Group AG restated a “hold” rating and issued a $28.00 price target on shares of Western Refining Logistics in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Western Refining Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st.

In other news, Director Michael C. Linn acquired 11,200 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was purchased at an average price of $22.32 per share, for a total transaction of $249,984.00. Following the completion of the acquisition, the director now directly owns 28,148 shares in the company, valued at approximately $628,263.36. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeff A. Stevens acquired 134,408 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of $22.32 per share, with a total value of $2,999,986.56. Following the acquisition, the insider now 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 made changes to their positions in the company. State Street Corp boosted its position in shares of 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. US Bancorp DE boosted its position 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 in the last quarter. Barclays PLC boosted its position 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 in the last quarter. Guggenheim Capital LLC boosted its position 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 in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Western Refining Logistics by 3.1% in the second quarter. BlackRock Inc. now owns 74,299 shares of the company’s stock worth $1,946,000 after buying an additional 2,248 shares in the last quarter.

Western Refining Logistics (NYSE:WNRL) traded down 0.91% during midday trading on Wednesday, reaching $24.06. 27,355 shares of the company were exchanged. Western Refining Logistics has a one year low of $17.35 and a one year high of $26.94. The firm has a market cap of $1.24 billion, a P/E ratio of 18.12 and a beta of 0.94. The firm’s 50-day moving average is $23.20 and its 200-day moving average is $23.81.

Western Refining Logistics (NYSE:WNRL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.04. The firm had revenue of $578.60 million for the quarter, compared to the consensus estimate of $488.40 million. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. On average, equities analysts expect that Western Refining Logistics will post $1.39 EPS for the current fiscal year.

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.

5 Day Chart for NYSE:WNRL

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