Western Refining Logistics LP (WNRL) was Initiated by Raymond James to “Strong Buy”. Raymond James advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Western Refining Logistics LP. Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 26 from a previous price target of $28 .
On the company’s financial health, Western Refining Logistics LP reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.43. The company had revenue of $575.90 million for the quarter, compared to analysts expectations of $718.20 million. The company’s revenue was down -23.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
Western Refining Logistics LP opened for trading at $24.01 and hit $24.8466 on the upside on Monday, eventually ending the session at $24.41, with a gain of 1.54% or 0.37 points. The heightened volatility saw the trading volume jump to 65,701 shares. Company has a market cap of $1,154 M.
In a different news, on Apr 15, 2016, Jeff A Stevens (CEO) purchased 31,800 shares at $24.36 per share price. According to the SEC, on Aug 26, 2015, David D Kinder (director) purchased 5,000 shares at $22.41 per share price. On Aug 24, 2015, Andrew L Atterbury (director) purchased 20,000 shares at $22.63 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 Companys 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.