Andeavor Logistics LP (ANDX) Given Average Recommendation of “Hold” by Brokerages

Shares of Andeavor Logistics LP (NYSE:ANDX) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.38.

Several brokerages have recently issued reports on ANDX. Mizuho reaffirmed a “hold” rating and set a $56.00 price target on shares of Andeavor Logistics in a research note on Friday, October 20th. BidaskClub lowered Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. SunTrust Banks set a $50.00 price target on Andeavor Logistics and gave the company a “buy” rating in a research note on Friday, November 17th. Barclays cut their price target on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered Andeavor Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th.

Shares of Andeavor Logistics (NYSE:ANDX) opened at $46.44 on Monday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $10,029.94, a price-to-earnings ratio of 19.76, a PEG ratio of 3.38 and a beta of 1.12. Andeavor Logistics has a 1-year low of $42.18 and a 1-year high of $60.14.

Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.68 by $0.22. The company had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $414.69 million. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The business’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. research analysts expect that Andeavor Logistics will post 2.75 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $103,000. Ffcm LLC acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $110,000. Penserra Capital Management LLC acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $131,000. Barnett & Company Inc. acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $136,000. Finally, First Manhattan Co. acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $150,000. 34.86% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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