Brokerages expect Andeavor Logistics LP (NYSE:ANDX) to post $508.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Andeavor Logistics’ earnings. The highest sales estimate is $510.00 million and the lowest is $507.00 million. Andeavor Logistics posted sales of $420.00 million in the same quarter last year, which suggests a positive year over year growth rate of 21.1%. The firm is scheduled to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Andeavor Logistics will report full year sales of $508.50 million for the current year, with estimates ranging from $2.05 billion to $2.38 billion. For the next year, analysts anticipate that the business will report sales of $2.31 billion per share, with estimates ranging from $2.28 billion to $2.35 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Andeavor Logistics.
Andeavor Logistics (NYSE:ANDX) last posted its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). Andeavor Logistics had a net margin of 14.67% and a return on equity of 22.41%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $519.00 million.
Andeavor Logistics (NYSE:ANDX) traded down $0.51 during trading hours on Friday, reaching $47.46. 374,135 shares of the company were exchanged, compared to its average volume of 616,276. Andeavor Logistics has a 1-year low of $42.18 and a 1-year high of $56.78. 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 firm has a market cap of $10,360.00, a price-to-earnings ratio of 28.25, a PEG ratio of 3.16 and a beta of 1.23.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 8.43%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. The ex-dividend date was Tuesday, January 30th. Andeavor Logistics’s dividend payout ratio (DPR) is currently 238.10%.
In related news, insider Steven Sterin purchased 1,400 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $45.53 per share, for a total transaction of $63,742.00. Following the transaction, the insider now directly owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff A. Stevens purchased 1,144 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was bought at an average price of $46.75 per share, for a total transaction of $53,482.00. Following the completion of the transaction, the director now directly owns 2,229 shares in the company, valued at $104,205.75. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IndexIQ Advisors LLC acquired a new stake in Andeavor Logistics in the 3rd quarter worth $103,000. Ffcm LLC acquired a new stake in Andeavor Logistics in the 3rd quarter worth $110,000. Advisor Group Inc. grew its position in Andeavor Logistics by 148.1% in the 4th quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 1,481 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Andeavor Logistics in the 3rd quarter worth $131,000. Finally, Barnett & Company Inc. acquired a new stake in Andeavor Logistics in the 3rd quarter worth $136,000. Institutional investors own 36.89% of the company’s stock.
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.
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