Western Refining Logistics, LP WNRL was a big mover last session, as the company saw its shares rise over 10% on the day. The upside was driven by the company’s announcement that it has signed an agreement to acquire the remaining stake in Northern Tier Energy LP NTI that it does not already own. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.05 to $23.07 since Dec 1, 2015.
The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Western Refining Logistics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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