Andeavor Logistics (ANDX) to Release Earnings on Thursday

Andeavor Logistics (NYSE:ANDX) will be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Andeavor Logistics to post earnings of $0.80 per share for the quarter.

Andeavor 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 analysts’ consensus estimates of $0.67 by $0.23. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The firm had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $414.69 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 44.2% on a year-over-year basis. On average, analysts expect Andeavor Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Andeavor Logistics (ANDX) opened at $49.84 on Thursday. Andeavor Logistics has a 12 month low of $42.18 and a 12 month high of $60.14. The company has a market capitalization of $10,770.00, a price-to-earnings ratio of 20.94, a PEG ratio of 3.23 and a beta of 1.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $1.00 dividend. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.99. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Tuesday, January 30th. Andeavor Logistics’s dividend payout ratio is currently 168.07%.

A number of research firms have recently commented on ANDX. Jefferies Group increased their target price on Andeavor Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. BidaskClub raised Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating and issued a $62.00 target price on shares of Andeavor Logistics in a research note on Friday, November 10th. Zacks Investment Research raised Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Scotiabank set a $59.00 target price on Andeavor Logistics and gave the stock a “buy” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $54.15.

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

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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.

Earnings History for Andeavor Logistics (NYSE:ANDX)

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