Western Refining Logistics LP (WNRL) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.35. The company posted revenue of $468.00 million in the period, compared to analysts expectations of $665.85 million. The company’s revenue was down -23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Western Refining Logistics LP. Western Refining Logistics LP was Initiated by Raymond James to “Strong Buy” on Apr 21, 2016. 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 .
Western Refining Logistics LP closed down -0.84 points or -3.19% at $25.51 with 43,249 shares getting traded on Monday. Post opening the session at $26.38, the shares hit an intraday low of $25.12 and an intraday high of $26.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.