Western Refining Logistics LP (NYSE:WNRL) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research firms have also recently issued reports on WNRL. Cowen and Company restated an “outperform” rating and set a $32.00 target price (up previously from $26.00) on shares of Western Refining Logistics in a research note on Monday, September 19th. Zacks Investment Research cut shares of Western Refining Logistics from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and set a $28.00 target price on shares of Western Refining Logistics in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Western Refining Logistics in a research note on Friday, September 16th. Finally, Deutsche Bank AG lowered their target price on shares of Western Refining Logistics from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Monday. Five equities 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 company has a consensus rating of “Buy” and a consensus price target of $28.33.

Analyst Recommendations for Western Refining Logistics (NYSE:WNRL)

Western Refining Logistics (NYSE:WNRL) traded up 1.17% during trading on Monday, hitting $24.28. 349,093 shares of the stock traded hands. The firm has a 50-day moving average price of $23.20 and a 200 day moving average price of $23.81. The company has a market cap of $1.26 billion, a P/E ratio of 18.28 and a beta of 0.94. Western Refining Logistics has a 52-week low of $17.35 and a 52-week high of $26.94.

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

In other news, Director Michael C. Linn bought 11,200 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average cost of $22.32 per share, with a total value of $249,984.00. Following the acquisition, the director now owns 28,148 shares of the company’s stock, valued at approximately $628,263.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff A. Stevens bought 134,408 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average cost of $22.32 per share, with a total value of $2,999,986.56. Following the completion of the acquisition, 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 raised its stake in shares of 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 during the period. Bank of New York Mellon Corp raised its stake in shares of 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 during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Western Refining Logistics during the second quarter worth about $6,231,000. State Street Corp raised its stake 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 during the period. Finally, TPH Asset Management LLC raised its stake in shares of 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 during the period.

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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