Western Refining Logistics LP (WNRL) Rating Increased to Hold at Zacks Investment Research

Western Refining Logistics LP (NYSE:WNRL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets. The Company’s assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S. Western Refining Logistics, LP is headquartered in El Paso, Texas. “

Separately, BidaskClub lowered shares of Western Refining Logistics from a “hold” rating to a “sell” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Western Refining Logistics (NYSE WNRL) opened at 24.35 on Tuesday. The company has a market cap of $1.49 billion, a P/E ratio of 19.62 and a beta of 0.79. The firm has a 50-day moving average of $25.45 and a 200 day moving average of $25.22. Western Refining Logistics has a 52 week low of $18.85 and a 52 week high of $26.85.

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 consensus estimate of $0.35 by ($0.11). The firm had revenue of $627.51 million during the quarter, compared to analyst estimates of $602.22 million. Western Refining Logistics had a net margin of 2.98% and a return on equity of 62.93%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Equities analysts expect that Western Refining Logistics will post $1.27 EPS for the current fiscal year.

WARNING: “Western Refining Logistics LP (WNRL) Rating Increased to Hold at Zacks Investment Research” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/19/western-refining-logistics-lp-wnrl-rating-increased-to-hold-at-zacks-investment-research.html.

Several hedge funds have recently modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of Western Refining Logistics by 4.0% in the 1st quarter. Global X Management Co. LLC now owns 9,530 shares of the pipeline company’s stock worth $243,000 after acquiring an additional 370 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Western Refining Logistics by 4.1% in the 2nd quarter. US Bancorp DE now owns 43,639 shares of the pipeline company’s stock worth $1,119,000 after acquiring an additional 1,736 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Western Refining Logistics by 13.6% in the 1st quarter. California Public Employees Retirement System now owns 18,400 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 2,200 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Western Refining Logistics by 503.0% in the 2nd quarter. Penserra Capital Management LLC now owns 4,583 shares of the pipeline company’s stock worth $117,000 after acquiring an additional 3,823 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Western Refining Logistics by 118.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock worth $216,000 after acquiring an additional 4,586 shares during the last quarter. Hedge funds and other institutional investors own 40.49% of the company’s stock.

Western Refining Logistics Company Profile

Western Refining Logistics, LP owns, operates, develops, and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistic

According to Zacks, “Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets. The Company’s assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S. Western Refining Logistics, LP is headquartered in El Paso, Texas. “

Separately, BidaskClub lowered shares of Western Refining Logistics from a “hold” rating to a “sell” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Western Refining Logistics (NYSE WNRL) opened at 24.35 on Tuesday. The company has a market cap of $1.49 billion, a P/E ratio of 19.62 and a beta of 0.79. The firm has a 50-day moving average of $25.45 and a 200 day moving average of $25.22. Western Refining Logistics has a 52 week low of $18.85 and a 52 week high of $26.85.

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 consensus estimate of $0.35 by ($0.11). The firm had revenue of $627.51 million during the quarter, compared to analyst estimates of $602.22 million. Western Refining Logistics had a net margin of 2.98% and a return on equity of 62.93%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Equities analysts expect that Western Refining Logistics will post $1.27 EPS for the current fiscal year.

WARNING: “Western Refining Logistics LP (WNRL) Rating Increased to Hold at Zacks Investment Research” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/19/western-refining-logistics-lp-wnrl-rating-increased-to-hold-at-zacks-investment-research.html.

Several hedge funds have recently modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of Western Refining Logistics by 4.0% in the 1st quarter. Global X Management Co. LLC now owns 9,530 shares of the pipeline company’s stock worth $243,000 after acquiring an additional 370 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Western Refining Logistics by 4.1% in the 2nd quarter. US Bancorp DE now owns 43,639 shares of the pipeline company’s stock worth $1,119,000 after acquiring an additional 1,736 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Western Refining Logistics by 13.6% in the 1st quarter. California Public Employees Retirement System now owns 18,400 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 2,200 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Western Refining Logistics by 503.0% in the 2nd quarter. Penserra Capital Management LLC now owns 4,583 shares of the pipeline company’s stock worth $117,000 after acquiring an additional 3,823 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Western Refining Logistics by 118.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock worth $216,000 after acquiring an additional 4,586 shares during the last quarter. Hedge funds and other institutional investors own 40.49% of the company’s stock.

Western Refining Logistics Company Profile

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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