Tesoro Logistics LP (NYSE:ANDX) – Stock analysts at SunTrust Banks issued their Q1 2018 EPS estimates for Tesoro Logistics in a research report issued on Friday. SunTrust Banks analyst T. Richardson forecasts that the oil and gas company will post earnings per share of $0.76 for the quarter. SunTrust Banks currently has a “Buy” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Tesoro Logistics’ Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.80 EPS and Q4 2018 earnings at $0.86 EPS.

Tesoro Logistics (NYSE:ANDX) last released its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.22. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $414.69 million. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. Tesoro Logistics’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS.

ANDX has been the topic of a number of other research reports. Credit Suisse Group lifted their price target on shares of Tesoro Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Barclays decreased their price target on shares of Tesoro Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Zacks Investment Research lowered shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Tesoro Logistics from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Finally, Mizuho reiterated a “hold” rating and issued a $56.00 price target on shares of Tesoro Logistics in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.38.

Tesoro Logistics (ANDX) opened at $46.44 on Monday. The firm has a market cap of $10,040.00, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.33 and a beta of 1.12. Tesoro Logistics has a 1-year low of $42.18 and a 1-year high of $60.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15.

Several large investors have recently bought and sold shares of ANDX. Tortoise Capital Advisors L.L.C. acquired a new position in shares of Tesoro Logistics during the 3rd quarter valued at $612,571,000. Center Coast Capital Advisors LP acquired a new position in shares of Tesoro Logistics during the 3rd quarter valued at $304,622,000. Alps Advisors Inc. acquired a new position in shares of Tesoro Logistics during the 3rd quarter valued at $301,485,000. Harvest Fund Advisors LLC acquired a new position in shares of Tesoro Logistics during the 3rd quarter valued at $288,697,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Tesoro Logistics during the 3rd quarter valued at $126,099,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a $0.9852 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $3.94 dividend on an annualized basis and a dividend yield of 8.49%. Tesoro Logistics’s dividend payout ratio (DPR) is presently 165.55%.

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About Tesoro 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.

Earnings History and Estimates for Tesoro Logistics (NYSE:ANDX)

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