Brokerages forecast that Andeavor Logistics LP (NYSE:ANDX) will post earnings of $0.73 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Andeavor Logistics’ earnings, with estimates ranging from $0.69 to $0.77. Andeavor Logistics reported earnings of $0.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 40.4%. The business is expected to report its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Andeavor Logistics will report full year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.67. For the next fiscal year, analysts forecast that the firm will post earnings of $3.16 per share, with EPS estimates ranging from $2.91 to $3.49. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Andeavor Logistics.
Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. Andeavor Logistics had a return on equity of 17.51% and a net margin of 17.74%. The company had revenue of $843.00 million during the quarter, compared to analyst estimates of $571.56 million. During the same period last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year.
A number of analysts recently commented on ANDX shares. Zacks Investment Research upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. TheStreet lowered Andeavor Logistics from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. ValuEngine upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Citigroup lowered their price objective on Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Finally, Royal Bank of Canada lowered their price objective on Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Andeavor Logistics currently has a consensus rating of “Hold” and a consensus price target of $50.56.
In other Andeavor Logistics news, Director Jeff A. Stevens sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $38.44, for a total transaction of $961,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. boosted its holdings in Andeavor Logistics by 8.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock worth $715,140,000 after buying an additional 1,187,861 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Andeavor Logistics by 5.7% during the 3rd quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock valued at $381,411,000 after purchasing an additional 422,790 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Andeavor Logistics by 2.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,358,684 shares of the oil and gas company’s stock valued at $100,316,000 after purchasing an additional 60,662 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Andeavor Logistics by 1.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,188,602 shares of the oil and gas company’s stock valued at $106,279,000 after purchasing an additional 23,390 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Andeavor Logistics by 15.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,955,183 shares of the oil and gas company’s stock valued at $94,943,000 after purchasing an additional 266,941 shares in the last quarter. Hedge funds and other institutional investors own 33.22% of the company’s stock.
Shares of NYSE:ANDX traded down $0.17 during midday trading on Friday, reaching $34.36. The company’s stock had a trading volume of 845,551 shares, compared to its average volume of 633,260. Andeavor Logistics has a fifty-two week low of $33.78 and a fifty-two week high of $55.21. The firm has a market cap of $8.69 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $4.12 dividend on an annualized basis and a yield of 11.99%. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.97. Andeavor Logistics’s dividend payout ratio (DPR) is 164.14%.
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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