Andeavor Logistics (ANDX) Releases Earnings Results, Misses Estimates By $0.05 EPS

Andeavor Logistics (NYSE:ANDX) posted its quarterly earnings data on Monday. The oil and gas company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05), Briefing.com reports. Andeavor Logistics had a return on equity of 20.70% and a net margin of 15.88%. The firm had revenue of $535.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. The company’s quarterly revenue was up 27.4% on a year-over-year basis.

Shares of NYSE ANDX traded up $0.05 during midday trading on Wednesday, reaching $45.35. The company had a trading volume of 564,205 shares, compared to its average volume of 624,248. Andeavor Logistics has a one year low of $45.17 and a one year high of $46.01. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. The firm has a market cap of $9.31 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.84 and a beta of 1.24.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $1.015 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Monday, April 30th. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $1.00. Andeavor Logistics’s payout ratio is 161.75%.

In other Andeavor Logistics news, Director Jeff A. Stevens purchased 28,134 shares of the stock in a transaction on Friday, March 2nd. The stock was acquired at an average price of $46.14 per share, with a total value of $1,298,102.76. Following the transaction, the director now directly owns 300,119 shares of the company’s stock, valued at approximately $13,847,490.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens purchased 41,835 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $47.29 per share, with a total value of $1,978,377.15. Following the transaction, the director now directly owns 259,474 shares in the company, valued at $12,270,525.46. The disclosure for this purchase can be found here. In the last three months, insiders bought 83,929 shares of company stock valued at $3,944,382. 0.15% of the stock is currently owned by corporate insiders.

A number of research firms have recently issued reports on ANDX. US Capital Advisors cut Andeavor Logistics to a “hold” rating in a report on Wednesday, May 2nd. Morgan Stanley cut Andeavor Logistics from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a report on Wednesday, May 2nd. Mitsubishi UFJ Financial Group cut Andeavor Logistics from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 1st. Royal Bank of Canada lowered Andeavor Logistics from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 1st. Finally, Wells Fargo lowered Andeavor Logistics from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research note on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Andeavor Logistics has an average rating of “Hold” and a consensus price target of $52.76.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

Earnings History for Andeavor Logistics (NYSE:ANDX)

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