Seaport Global Securities reiterated their buy rating on shares of Andeavor Logistics (NYSE:ANDX) in a research report released on Monday, April 9th. They currently have a $48.00 target price on the oil and gas company’s stock. Seaport Global Securities also issued estimates for Andeavor Logistics’ Q1 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.66 EPS and FY2019 earnings at $2.33 EPS.
Other equities research analysts have also recently issued reports about the company. Citigroup dropped their price objective on Andeavor Logistics from $58.00 to $55.00 and set a buy rating on the stock in a research report on Tuesday, March 27th. JPMorgan Chase reissued an overweight rating and issued a $55.00 target price (down from $56.00) on shares of Andeavor Logistics in a research report on Tuesday, March 13th. UBS reaffirmed a buy rating and issued a $56.00 price objective (down previously from $59.00) on shares of Andeavor Logistics in a research note on Friday, March 2nd. Zacks Investment Research downgraded Andeavor Logistics from a hold rating to a strong sell rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $58.00 price objective on shares of Andeavor Logistics in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Andeavor Logistics currently has a consensus rating of Buy and an average target price of $54.07.
Shares of Andeavor Logistics stock opened at $47.99 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The company has a market cap of $9,917.88, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 3.96 and a beta of 1.25. Andeavor Logistics has a 52 week low of $42.17 and a 52 week high of $55.66.
Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a net margin of 14.67% and a return on equity of 19.31%. equities analysts predict that Andeavor Logistics will post 2.88 earnings per share for the current fiscal year.
In other news, Director Jeff A. Stevens bought 28,134 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of $46.14 per share, with a total value of $1,298,102.76. Following the transaction, the director now directly owns 300,119 shares in the company, valued at approximately $13,847,490.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff A. Stevens purchased 41,835 shares of Andeavor Logistics stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $47.29 per share, with a total value of $1,978,377.15. Following the completion of the transaction, the director now owns 259,474 shares in the company, valued at approximately $12,270,525.46. The disclosure for this purchase can be found here. In the last quarter, insiders bought 83,929 shares of company stock valued at $3,944,382. Company insiders own 0.15% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. raised its position in shares of Andeavor Logistics by 3.2% in the 4th quarter. First Republic Investment Management Inc. now owns 40,744 shares of the oil and gas company’s stock worth $1,882,000 after acquiring an additional 1,276 shares in the last quarter. Advisor Group Inc. increased its position in Andeavor Logistics by 148.1% during the 4th quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 1,481 shares in the last quarter. Barnett & Company Inc. acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $136,000. The Manufacturers Life Insurance Company increased its position in Andeavor Logistics by 89.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,354 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 3,007 shares in the last quarter. Finally, Creative Planning increased its position in Andeavor Logistics by 62.9% during the 4th quarter. Creative Planning now owns 8,209 shares of the oil and gas company’s stock valued at $379,000 after buying an additional 3,171 shares in the last quarter. 40.13% of the stock is owned by hedge funds and other institutional investors.
Andeavor Logistics Company Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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