Wall Street brokerages forecast that Western Refining Logistics LP (NYSE:WNRL) will announce $633.61 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Western Refining Logistics’ earnings. The lowest sales estimate is $630.89 million and the highest is $636.32 million. Western Refining Logistics reported sales of $578.6 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is expected to issue its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Western Refining Logistics will report full-year sales of $633.61 million for the current fiscal year, with estimates ranging from $2.26 billion to $2.56 billion. For the next fiscal year, analysts expect that the business will post sales of $2.54 billion per share, with estimates ranging from $2.27 billion to $2.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Western Refining Logistics.
Western Refining Logistics (NYSE:WNRL) last announced its earnings results on Tuesday, May 2nd. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.14. Western Refining Logistics had a net margin of 2.80% and a negative return on equity of 1,191.27%. The business had revenue of $604.69 million for the quarter, compared to analysts’ expectations of $594.45 million. During the same quarter last year, the business earned $0.28 EPS. The company’s quarterly revenue was up 29.2% on a year-over-year basis.
A number of research firms recently weighed in on WNRL. TheStreet upgraded Western Refining Logistics from a “c+” rating to a “b-” rating in a research note on Friday, February 17th. Zacks Investment Research upgraded Western Refining Logistics from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 25th. Finally, Wells Fargo & Co downgraded Western Refining Logistics from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.67.
A number of hedge funds have recently bought and sold shares of WNRL. Rafferty Asset Management LLC increased its stake in Western Refining Logistics by 2.4% in the fourth quarter. Rafferty Asset Management LLC now owns 112,835 shares of the pipeline company’s stock worth $2,409,000 after buying an additional 2,642 shares during the last quarter. BlackRock Inc. increased its stake in Western Refining Logistics by 4.1% in the third quarter. BlackRock Inc. now owns 77,310 shares of the pipeline company’s stock worth $1,792,000 after buying an additional 3,011 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Western Refining Logistics by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 498,881 shares of the pipeline company’s stock worth $10,651,000 after buying an additional 3,823 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Western Refining Logistics by 118.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock worth $216,000 after buying an additional 4,586 shares during the last quarter. Finally, NBW Capital LLC increased its stake in Western Refining Logistics by 1.9% in the third quarter. NBW Capital LLC now owns 353,808 shares of the pipeline company’s stock worth $8,201,000 after buying an additional 6,589 shares during the last quarter. Institutional investors own 63.93% of the company’s stock.
Shares of Western Refining Logistics (NYSE:WNRL) traded up 0.41% on Friday, hitting $24.50. The stock had a trading volume of 126,608 shares. The firm has a 50 day moving average of $24.94 and a 200 day moving average of $23.06. The stock has a market cap of $1.49 billion, a P/E ratio of 18.99 and a beta of 0.83. Western Refining Logistics has a 12 month low of $18.85 and a 12 month high of $26.28.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Tuesday, May 9th will be given a dividend of $0.4525 per share. This represents a $1.81 dividend on an annualized basis and a yield of 7.39%. This is an increase from Western Refining Logistics’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, May 5th. Western Refining Logistics’s payout ratio is presently 153.51%.
About Western Refining Logistics
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Western Refining Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Refining Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.