Andeavor Logistics LP (ANDX) Raised to Hold at BidaskClub
Andeavor Logistics LP (NASDAQ:ANDX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.
ANDX has been the subject of several other reports. Credit Suisse Group lifted their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Bank of America Corporation decreased their target price on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.80.
Shares of Andeavor Logistics (NASDAQ:ANDX) opened at 49.75 on Friday. The firm has a 50-day moving average of $50.15 and a 200-day moving average of $52.53. Andeavor Logistics has a 12 month low of $43.00 and a 12 month high of $60.14. The company has a market capitalization of $5.37 billion and a P/E ratio of 28.59.
Andeavor Logistics (NASDAQ:ANDX) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.01. The firm had revenue of $413 million during the quarter, compared to analysts’ expectations of $441.69 million. Andeavor Logistics had a return on equity of 15.11% and a net margin of 26.63%. On average, equities analysts predict that Andeavor Logistics will post $2.51 earnings per share for the current year.
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In related news, insider Steven Sterin acquired 1,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $47.86 per share, with a total value of $47,860.00. Following the completion of the acquisition, the insider now directly owns 7,338 shares of the company’s stock, valued at $351,196.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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