Barclays Maintains Western Refining Logistics LP to Equal-weight with Price Target $26.00

Brokerage firm Barclays Maintains its rating on Western Refining Logistics LP(NYSE:WNRL). In a research note issued to the investors, the brokerage major Lowers the price-target to $26.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 26, 2016.

Western Refining Logistics LP (WNRL) made into the market gainers list on Thursdays trading session with the shares advancing 0.58% or 0.13 points. Due to strong positive momentum, the stock ended at $22.59, which is also near the day’s high of $22.74. The stock began the session at $22.46 and the volume stood at 1,86,502 shares. The 52-week high of the shares is $26.94 and the 52 week low is $17.35. The company has a current market capitalization of $1,166 M and it has 5,16,16,580 shares in outstanding.

Western Refining Logistics LP(WNRL) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $578.60M. Analysts had an estimated revenue of $488.40M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, Paul L Foster (director) purchased 268,817 shares at $22.32 per share price.Also, On Sep 9, 2016, Jeff A Stevens (CEO) purchased 134,408 shares at $22.32 per share price.On Sep 9, 2016, Scott D Weaver (director) purchased 44,802 shares at $22.32 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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