Andeavor (ANDV) Forecasted to Post Q3 2017 Earnings of $3.90 Per Share
Andeavor (NASDAQ:ANDV) – Analysts at US Capital Advisors boosted their Q3 2017 earnings per share (EPS) estimates for shares of Andeavor in a research report issued on Thursday. US Capital Advisors analyst C. Weiland now forecasts that the company will post earnings of $3.90 per share for the quarter, up from their previous estimate of $1.90.
ANDV has been the topic of several other research reports. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective 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 price objective on the stock. in a research note on Thursday, September 28th. Morgan Stanley initiated coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They set an “overweight” rating on the stock. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $101.00 price objective on shares of Andeavor in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $116.00.
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Andeavor (ANDV) opened at 106.56 on Monday. The company’s 50 day moving average price is $103.77 and its 200-day moving average price is $92.96. Andeavor has a 12-month low of $75.11 and a 12-month high of $107.71. The stock has a market cap of $16.72 billion and a price-to-earnings ratio of 37.79.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. APG Asset Management N.V. acquired a new stake in Andeavor during the third quarter worth about $85,187,000. Denali Advisors LLC acquired a new stake in Andeavor during the third quarter worth about $5,560,000. Edge Wealth Management LLC acquired a new stake in Andeavor during the third quarter worth about $128,000. LS Investment Advisors LLC acquired a new stake in Andeavor during the third quarter worth about $687,000. Finally, Oakbrook Investments LLC acquired a new stake in Andeavor during the third quarter worth about $1,298,000.
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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