Andeavor Logistics LP (ANDX) Receives Average Rating of “Hold” from Brokerages
Andeavor Logistics LP (NASDAQ:ANDX) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $59.80.
ANDX has been the subject of a number of research reports. Credit Suisse Group boosted their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation decreased their target price on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Mitsubishi UFJ Financial Group upgraded shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.
Andeavor Logistics (NASDAQ:ANDX) opened at 49.32 on Wednesday. The company has a market capitalization of $5.33 billion and a PE ratio of 28.34. Andeavor Logistics has a 12-month low of $43.00 and a 12-month high of $60.14. The stock’s 50 day moving average price is $49.61 and its 200 day moving average price is $52.20.
Andeavor Logistics (NASDAQ:ANDX) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $441.69 million. Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%. On average, equities analysts anticipate that Andeavor Logistics will post $2.54 EPS for the current fiscal year.
In other Andeavor Logistics news, insider Steven Sterin bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $47.86 per share, for a total transaction 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 approximately $351,196.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
About Andeavor Logistics
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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