Andeavor Logistics LP (ANDX) Given Average Rating of “Buy” by Brokerages
Andeavor Logistics LP (NASDAQ:ANDX) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $59.80.
Several equities research analysts have commented on the stock. Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a research note on Thursday, August 17th. Barclays PLC reaffirmed an “overweight” rating and issued a $62.00 target price (down previously from $65.00) on shares of Andeavor Logistics in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Mitsubishi UFJ Financial Group raised shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, August 16th. Finally, BidaskClub raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
In related news, insider Steven Sterin acquired 1,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $47.86 per share, with a total value of $47,860.00. Following the completion of the transaction, the insider now directly owns 7,338 shares of the company’s stock, valued at $351,196.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Andeavor Logistics (ANDX) opened at 48.79 on Friday. The company has a 50-day moving average of $49.44 and a 200-day moving average of $52.07. The firm has a market cap of $5.27 billion and a price-to-earnings ratio of 28.04. Andeavor Logistics has a 1-year low of $43.00 and a 1-year high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $441.69 million. Analysts predict that Andeavor Logistics will post $2.51 earnings per share for the current year.
Andeavor Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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