Andeavor (ANDV) Expected to Post Quarterly Sales of $11.63 Billion
Analysts forecast that Andeavor (NASDAQ:ANDV) will post sales of $11.63 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Andeavor’s earnings. The highest sales estimate is $12.43 billion and the lowest is $10.58 billion. Andeavor posted sales of $6.54 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 77.8%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Andeavor will report full-year sales of $11.63 billion for the current financial year, with estimates ranging from $32.67 billion to $39.36 billion. For the next financial year, analysts anticipate that the business will post sales of $46.46 billion per share, with estimates ranging from $35.23 billion to $56.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Andeavor.
ANDV has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They issued an “overweight” rating on the stock. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, September 12th. Howard Weil lowered shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price on the stock. in a research note on Thursday, September 28th. Finally, Cowen and Company restated a “buy” rating and issued a $120.00 target price on shares of Andeavor in a research note on Thursday, September 28th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $116.00.
Shares of Andeavor (NASDAQ ANDV) traded down 0.70% during trading on Monday, hitting $105.81. The company’s stock had a trading volume of 215,595 shares. Andeavor has a 52 week low of $75.11 and a 52 week high of $107.71. The firm’s 50 day moving average price is $103.77 and its 200-day moving average price is $92.96. The company has a market cap of $16.60 billion and a PE ratio of 37.52.
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Hedge funds have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC acquired a new stake in Andeavor during the third quarter valued at approximately $128,000. Quantitative Systematic Strategies LLC acquired a new stake in Andeavor during the third quarter valued at approximately $236,000. Fulton Bank N.A. acquired a new stake in Andeavor during the third quarter valued at approximately $281,000. Alpha Cubed Investments LLC acquired a new stake in Andeavor during the third quarter valued at approximately $467,000. Finally, LS Investment Advisors LLC acquired a new stake in Andeavor during the third quarter valued at approximately $687,000.
Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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