Brokerages forecast that Andeavor Logistics LP (NYSE:ANDX) will report earnings per share of $0.71 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Andeavor Logistics’ earnings, with estimates ranging from $0.62 to $0.83. Andeavor Logistics posted earnings of $0.90 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.1%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, November 7th.
On average, analysts expect that Andeavor Logistics will report full year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.58 to $2.94. For the next fiscal year, analysts forecast that the business will post earnings of $3.35 per share, with EPS estimates ranging from $2.86 to $3.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Andeavor Logistics.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.04). The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $527.61 million. Andeavor Logistics had a return on equity of 18.81% and a net margin of 16.45%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS.
Several equities analysts have issued reports on ANDX shares. SunTrust Banks set a $48.00 price objective on Andeavor Logistics and gave the stock a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research raised Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. ValuEngine raised Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Wells Fargo & Co raised their price objective on Andeavor Logistics from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. Finally, Morgan Stanley raised their price objective on Andeavor Logistics from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Andeavor Logistics presently has a consensus rating of “Hold” and a consensus price target of $52.71.
Shares of ANDX stock traded down $0.40 during mid-day trading on Friday, hitting $45.55. 27,874 shares of the stock were exchanged, compared to its average volume of 506,268. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 5.02 and a beta of 1.44. Andeavor Logistics has a 12-month low of $40.66 and a 12-month high of $55.21. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.92 and a current ratio of 0.92.
In related news, Director Jeff A. Stevens purchased 56,700 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average price of $48.79 per share, with a total value of $2,766,393.00. Following the completion of the acquisition, the director now directly owns 402,954 shares in the company, valued at approximately $19,660,125.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff A. Stevens purchased 39,175 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were bought at an average cost of $50.14 per share, for a total transaction of $1,964,234.50. Following the acquisition, the director now owns 527,136 shares of the company’s stock, valued at $26,430,599.04. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 182,017 shares of company stock worth $8,984,283. Corporate insiders own 0.15% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANDX. Ferris Capital LLC lifted its position in Andeavor Logistics by 219.9% in the second quarter. Ferris Capital LLC now owns 4,533 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 3,116 shares during the period. Vishria Bird Financial Group LLC acquired a new stake in Andeavor Logistics in the second quarter valued at about $241,000. CIBC Asset Management Inc lifted its position in Andeavor Logistics by 58.3% in the second quarter. CIBC Asset Management Inc now owns 7,911 shares of the oil and gas company’s stock valued at $336,000 after purchasing an additional 2,915 shares during the period. Green Square Capital LLC lifted its position in Andeavor Logistics by 70.8% in the second quarter. Green Square Capital LLC now owns 8,343 shares of the oil and gas company’s stock valued at $355,000 after purchasing an additional 3,457 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Andeavor Logistics by 363.6% in the first quarter. BNP Paribas Arbitrage SA now owns 11,678 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 9,159 shares during the period. 38.06% of the stock is currently owned by hedge funds and other institutional investors.
Andeavor Logistics Company Profile
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.
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