Barclays Assumes Western Refining Logistics LP to Equal-weight

Brokerage firm Barclays Assumes its rating on Western Refining Logistics LP(NYSE:WNRL). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Feb 29, 2016, Barclays said it Maintains its rating on Western Refining Logistics LP. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Feb 26, 2016, Credit Suisse said it Maintains its rating on Western Refining Logistics LP. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Neutral’ by the firm.

Western Refining Logistics LP (WNRL) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.12% at a volume of 86,699. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.39. The peak price level was also seen at $24.39 while the days lowest was $23.7. Finally the shares closed at $24.04. The 52-week high of the shares is $32.7 while the 52-week low is $17.35. According to the latest information available, the market cap of the company is $1,136 M.

Western Refining Logistics LP(WNRL) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $575.90M. Analysts had an estimated revenue of $718.21M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, David D Kinder (director) purchased 5,000 shares at $22.41 per share price.Also, On Aug 24, 2015, Andrew L Atterbury (director) purchased 20,000 shares at $22.63 per share price.On Aug 14, 2015, Jeff A Stevens (director officer ) purchased 34,700 shares at $24.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Western Refining Logistics LP (WNRL) is a fee-based growth-oriented partnership that was formed to own operate develop and acquire logistics and related assets and businesses to include terminals storage tanks pipelines and other logistics assets related to the terminalling transportation storage and distribution of crude oil and refined products. The Company’s segments are the logistics segment and the wholesale segment. Its pipeline and gathering assets are positioned to support crude oil supply options for Western Refining Inc.’s (Western) El Paso and Gallup Refineries as well as third parties. Its wholesale segment includes the operations of several lubricant and bulk petroleum distribution plants and a fleet of crude oil and refined product and lubricant delivery trucks. Its wholesale segment distributes commercial wholesale petroleum products in Arizona California Colorado Nevada New Mexico and Texas.

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