Andeavor Logistics (ANDX) Research Coverage Started at Bank of America

Analysts at Bank of America started coverage on shares of Andeavor Logistics (NYSE:ANDX) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the oil and gas company’s stock.

Several other equities research analysts also recently weighed in on ANDX. BidaskClub downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Mizuho reissued a “hold” rating and issued a $56.00 price target on shares of Andeavor Logistics in a report on Friday, October 20th. Barclays cut their price target on shares of Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Finally, SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of Andeavor Logistics in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Andeavor Logistics presently has an average rating of “Hold” and a consensus target price of $53.50.

Andeavor Logistics (ANDX) traded up $1.49 during mid-day trading on Tuesday, reaching $52.83. 648,800 shares of the company traded hands, compared to its average volume of 490,871. The firm has a market capitalization of $11,100.00, a P/E ratio of 22.20, a P/E/G ratio of 3.22 and a beta of 1.11. Andeavor 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.

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

In other news, insider Steven Sterin acquired 1,400 shares of Andeavor Logistics stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $45.53 per share, with a total value of $63,742.00. Following the completion of the purchase, the insider now owns 9,714 shares of the company’s stock, valued at $442,278.42. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens acquired 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 completion of the purchase, the director now directly owns 2,229 shares of the company’s stock, valued at approximately $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. IndexIQ Advisors LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $103,000. Ffcm LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $110,000. Penserra Capital Management LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $131,000. Barnett & Company Inc. purchased a new stake in Andeavor Logistics during the third quarter valued at about $136,000. Finally, First Manhattan Co. purchased a new stake in Andeavor Logistics during the third quarter valued at about $150,000. 34.86% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2018/01/11/andeavor-logistics-andx-research-coverage-started-at-bank-of-america.html.

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.

The Fly

Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit