Why Western Refining Logistics, LP (NYSE:WNRL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.60 on Western Refining Logistics, LP (NYSE:WNRL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.44 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Western Refining Logistics, LP (NYSE:WNRL) stands at 18.03.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Western Refining Logistics, LP , the PEG ratio for coming 3-5 years is 1.54.

Technical Analysis

The technical analysis highlights that Western Refining Logistics, LP current is trading $-0.43 points away or -1.77% from its 50-day moving average of $24.38. Further it is trading $0.68 or +2.92% away its 200-day moving average of $23.27.

The 52-week high of Western Refining Logistics, LP (NYSE:WNRL) was $26.94 while lowest point recorded in 52-week was $17.35. It implies if stock price makes a movement of over $-2.99, it will record a new 52-week high. In the case of +38.04% drop, it will touch a new 52-week low.

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