Andeavor Logistics (ANDX) Earns Neutral Rating from Analysts at Credit Suisse Group

Analysts at Credit Suisse Group started coverage on shares of Andeavor Logistics (NYSE:ANDX) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $48.00 price target on the oil and gas company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 3.34% from the company’s current price.

ANDX has been the subject of several other reports. Jefferies Group boosted their price objective on Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, November 20th. BidaskClub lowered Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price objective on shares of Andeavor Logistics in a research report on Friday, November 10th. Scotiabank set a $59.00 price objective on Andeavor Logistics and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research lowered Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Two equities 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. The stock presently has a consensus rating of “Hold” and an average price target of $53.50.

Shares of Andeavor Logistics (ANDX) traded down $0.25 during mid-day trading on Thursday, hitting $49.66. The stock had a trading volume of 339,680 shares, compared to its average volume of 596,986. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15. The company has a market cap of $10,732.32, a PE ratio of 21.13, a PEG ratio of 3.22 and a beta of 1.12. Andeavor Logistics has a one year low of $42.18 and a one year high of $60.14.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The business had revenue of $444.00 million during the quarter, compared to analyst estimates of $414.69 million. During the same period in the previous year, the firm earned $0.46 EPS. Andeavor Logistics’s quarterly revenue was up 44.2% compared to the same quarter last year. analysts anticipate that Andeavor Logistics will post 2.75 EPS for the current year.

In other news, insider Steven Sterin purchased 1,400 shares of Andeavor Logistics stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $45.53 per share, with a total value of $63,742.00. Following the transaction, the insider now directly owns 9,714 shares in the company, valued at approximately $442,278.42. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeff A. Stevens purchased 1,144 shares of Andeavor Logistics stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $46.75 per share, with a total value of $53,482.00. Following the transaction, the director now owns 2,229 shares in the company, valued at $104,205.75. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. First Manhattan Co. acquired a new position in Andeavor Logistics during the 3rd quarter worth approximately $150,000. Virtu Financial LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at approximately $687,000. Janney Montgomery Scott LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at approximately $2,645,000. Wells Fargo & Company MN acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at approximately $44,915,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at approximately $2,422,000. 34.86% of the stock is owned by hedge funds and other institutional investors.

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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.