Andeavor Logistics LP (ANDX) Expected to Post Earnings of $0.80 Per Share

Wall Street analysts forecast that Andeavor Logistics LP (NYSE:ANDX) will post $0.80 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Andeavor Logistics’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $1.35. Andeavor Logistics posted earnings of $0.43 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 86%. The business is scheduled to announce its next earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Andeavor Logistics will report full-year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.84. For the next fiscal year, analysts forecast that the business will report earnings of $3.10 per share, with EPS estimates ranging from $2.79 to $3.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Andeavor Logistics.

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, beating analysts’ consensus estimates of $0.67 by $0.23. Andeavor Logistics had a net margin of 23.50% and a return on equity of 22.48%. The firm had revenue of $444.00 million for the quarter, compared to analyst estimates of $414.69 million. During the same period last year, the firm posted $0.46 EPS. Andeavor Logistics’s quarterly revenue was up 44.2% on a year-over-year basis.

A number of equities analysts recently weighed in on ANDX shares. Zacks Investment Research lowered shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Mizuho reiterated a “hold” rating and issued a $56.00 price objective on shares of Andeavor Logistics in a research report on Friday, October 20th. BidaskClub downgraded Andeavor Logistics from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Barclays reduced their target price on 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 target price on shares of Andeavor Logistics in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.15.

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

A number of hedge funds have recently made changes to their positions in ANDX. BB&T Corp acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $501,000. First Trust Advisors LP acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $4,489,000. Saratoga Research & Investment Management acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $169,000. Cedar Wealth Management LLC acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $169,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $8,280,000. 34.97% of the stock is owned by hedge funds and other institutional investors.

Andeavor Logistics (NYSE:ANDX) traded down $0.76 during trading hours on Monday, reaching $53.16. 737,872 shares of the company were exchanged, compared to its average volume of 556,983. Andeavor Logistics has a 1 year low of $42.18 and a 1 year high of $60.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15. The stock has a market cap of $11,652.97, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Tuesday, January 30th. This is an increase from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s payout ratio is 167.66%.

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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.

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Earnings History and Estimates for Andeavor Logistics (NYSE:ANDX)

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