Credit Suisse Group began coverage on shares of Andeavor Logistics (NYSE:ANDX) in a research report issued on Thursday, The Fly reports. The brokerage set an “underperform” rating and a $46.00 price target on the oil and gas company’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 4.86% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Mitsubishi UFJ Financial Group raised their price objective on shares of Andeavor Logistics to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. SunTrust Banks set a $48.00 price objective on shares of Andeavor Logistics and gave the company a “buy” rating in a research report on Monday, July 23rd. Wells Fargo & Co raised their price objective on shares of Andeavor Logistics from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Finally, ValuEngine lowered shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Andeavor Logistics presently has an average rating of “Hold” and an average price target of $52.71.

Shares of ANDX opened at $48.35 on Thursday. The company has a market cap of $10.55 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.92 and a current ratio of 0.92. Andeavor Logistics has a twelve month low of $40.66 and a twelve month high of $55.21.

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 for the quarter, missing the consensus estimate of $0.67 by ($0.04). The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $527.61 million. Andeavor Logistics had a net margin of 16.45% and a return on equity of 18.81%. Andeavor Logistics’s revenue 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. Analysts predict that Andeavor Logistics will post 2.72 earnings per share for the current year.

In other Andeavor Logistics news, Director Jeff A. Stevens purchased 48,374 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was acquired at an average cost of $49.41 per share, with a total value of $2,390,159.34. Following the completion of the acquisition, the director now directly owns 345,119 shares of the company’s stock, valued at approximately $17,052,329.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff A. Stevens purchased 18,256 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average cost of $48.70 per share, with a total value of $889,067.20. Following the completion of the acquisition, the director now directly owns 450,193 shares of the company’s stock, valued at $21,924,399.10. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 182,017 shares of company stock worth $8,984,283. Corporate insiders own 0.15% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Andeavor Logistics by 3.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 13,539,065 shares of the oil and gas company’s stock valued at $575,816,000 after buying an additional 417,081 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Andeavor Logistics by 6.3% in the second quarter. Alps Advisors Inc. now owns 7,448,151 shares of the oil and gas company’s stock valued at $344,030,000 after buying an additional 440,575 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in shares of Andeavor Logistics by 10.0% in the first quarter. Brookfield Asset Management Inc. now owns 5,158,872 shares of the oil and gas company’s stock valued at $231,169,000 after buying an additional 467,678 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in shares of Andeavor Logistics by 18.4% in the second quarter. Eagle Global Advisors LLC now owns 2,842,150 shares of the oil and gas company’s stock valued at $120,877,000 after buying an additional 440,833 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Andeavor Logistics by 2.6% in the second 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 buying an additional 60,662 shares during the last quarter. 38.06% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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