Somewhat Positive Media Coverage Somewhat Unlikely to Impact Western Refining Logistics, (WNRL) Stock Price
Media stories about Western Refining Logistics, (NYSE:WNRL) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Refining Logistics, earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.1817515109536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have commented on WNRL. Zacks Investment Research cut Western Refining Logistics, from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub upgraded Western Refining Logistics, from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.
Western Refining Logistics, (NYSE:WNRL) traded down 0.39% during midday trading on Wednesday, reaching $25.60. The company’s stock had a trading volume of 45,986 shares. The firm has a market capitalization of $1.56 billion, a PE ratio of 23.93 and a beta of 0.79. Western Refining Logistics, has a 1-year low of $18.85 and a 1-year high of $26.85. The stock’s 50-day moving average price is $25.35 and its 200 day moving average price is $25.22.
Western Refining Logistics, (NYSE:WNRL) last posted its earnings results on Tuesday, August 8th. The pipeline company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.11). Western Refining Logistics, had a net margin of 3.05% and a return on equity of 78.84%. The firm had revenue of $627.51 million during the quarter, compared to analysts’ expectations of $602.22 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that Western Refining Logistics, will post $1.27 EPS for the current fiscal year.
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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 include logistics and wholesale.
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