Andeavor Logistics (NYSE:ANDX)‘s stock had its “buy” rating restated by investment analysts at Seaport Global Securities in a research note issued to investors on Thursday.
Several other research firms have also recently issued reports on ANDX. Zacks Investment Research raised shares of Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Wednesday, January 17th. Citigroup began coverage on shares of Andeavor Logistics in a research report on Monday, January 22nd. They set a “buy” rating and a $52.52 target price on the stock. Bank of America began coverage on shares of Andeavor Logistics in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Credit Suisse Group began coverage on shares of Andeavor Logistics in a research report on Thursday, January 4th. They set a “neutral” rating and a $48.00 target price on the stock. Finally, BidaskClub upgraded shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.50.
Andeavor Logistics (ANDX) traded up $1.01 during midday trading on Thursday, reaching $48.47. 360,519 shares of the company traded hands, compared to its average volume of 612,149. The stock has a market capitalization of $10,580.00, a PE ratio of 20.80, a P/E/G ratio of 3.11 and a beta of 1.23. Andeavor Logistics has a 52-week low of $42.18 and a 52-week high of $56.78. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.21). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. equities research analysts predict that Andeavor Logistics will post 3.05 earnings per share for the current year.
In other Andeavor Logistics news, insider Steven Sterin purchased 1,400 shares of the 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 completion of the transaction, the insider now directly 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 available at this link. Also, Director Jeff A. Stevens purchased 1,144 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired 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 of the company’s stock, valued at $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. acquired a new stake in shares of Andeavor Logistics in the third quarter valued at approximately $150,000. California Public Employees Retirement System acquired a new stake in shares of Andeavor Logistics in the third quarter valued at approximately $2,548,000. Bank of Montreal Can lifted its stake in shares of Andeavor Logistics by 20.1% during the fourth quarter. Bank of Montreal Can now owns 1,320,440 shares of the oil and gas company’s stock valued at $60,991,000 after buying an additional 220,558 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Andeavor Logistics during the third quarter valued at approximately $873,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Andeavor Logistics during the third quarter valued at approximately $4,521,000. Institutional investors and hedge funds own 36.89% of the company’s stock.
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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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