Andeavor Logistics LP (NYSE:ANDX) – Research analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for shares of Andeavor Logistics in a note issued to investors on Wednesday. Jefferies Group analyst C. Goldman now forecasts that the oil and gas company will post earnings per share of $0.77 for the quarter, down from their prior forecast of $0.84. Jefferies Group has a “Hold” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for Andeavor Logistics’ Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.79 EPS, FY2019 earnings at $3.12 EPS, FY2020 earnings at $3.27 EPS and FY2021 earnings at $3.38 EPS.
A number of other research analysts also recently commented on the company. BidaskClub downgraded Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Mizuho reaffirmed a “hold” rating and issued a $56.00 price target on shares of Andeavor Logistics in a research report on Friday, October 20th. Zacks Investment Research cut Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. SunTrust Banks set a $50.00 price target on Andeavor Logistics and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Barclays reduced their price target on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. Two investment 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. Andeavor Logistics has a consensus rating of “Hold” and an average price target of $55.38.
Andeavor Logistics (NYSE:ANDX) last issued its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.22. 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 the consensus estimate of $414.69 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s quarterly revenue was up 44.2% compared to the same quarter last year.
In other Andeavor Logistics news, insider Steven Sterin acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $45.53 per share, with a total value of $63,742.00. Following the transaction, the insider now owns 9,714 shares of the company’s stock, valued at $442,278.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff A. Stevens acquired 1,144 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $46.75 per share, with a total value of $53,482.00. Following the transaction, the director now directly owns 2,229 shares in the company, valued at approximately $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. IndexIQ Advisors LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth about $103,000. Ffcm LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth about $110,000. Penserra Capital Management LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth about $131,000. Barnett & Company Inc. acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth about $136,000. Finally, First Manhattan Co. acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth about $150,000. 34.86% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Andeavor Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor Logistics and related companies with MarketBeat.com's FREE daily email newsletter.