Q4 2017 Earnings Forecast for Tesoro Logistics LP (ANDX) Issued By Jefferies Group
Tesoro Logistics LP (NYSE:ANDX) – Stock analysts at Jefferies Group increased their Q4 2017 earnings estimates for shares of Tesoro Logistics in a research note issued on Monday. Jefferies Group analyst C. Goldman now expects that the oil and gas company will post earnings of $0.84 per share for the quarter, up from their prior forecast of $0.53. Jefferies Group has a “Hold” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for Tesoro Logistics’ Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.93 EPS, FY2019 earnings at $3.23 EPS, FY2020 earnings at $3.44 EPS and FY2021 earnings at $3.57 EPS.
ANDX has been the topic of a number of other research reports. Mitsubishi UFJ Financial Group upgraded Tesoro Logistics to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, August 16th. Credit Suisse Group upped their price target on Tesoro Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. BidaskClub lowered Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Bank of America Corporation reduced their price target on Tesoro Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $62.00 price target on shares of Tesoro Logistics in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.38.
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Shares of Tesoro Logistics (NYSE:ANDX) opened at $43.88 on Wednesday. The firm has a market capitalization of $9,671.19, a price-to-earnings ratio of 18.12, a P/E/G ratio of 3.38 and a beta of 1.12. Tesoro Logistics has a 52-week low of $43.21 and a 52-week high of $60.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15.
Tesoro Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.22. The business had revenue of $444.00 million for the quarter, compared to analyst estimates of $414.69 million. Tesoro Logistics had a return on equity of 22.48% and a net margin of 23.50%. Tesoro Logistics’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were paid a $0.9852 dividend. This represents a $3.94 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date was Thursday, November 2nd. Tesoro Logistics’s dividend payout ratio is 167.66%.
In other Tesoro Logistics news, insider Steven Sterin acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $47.86 per share, with a total value of $47,860.00. Following the purchase, the insider now directly owns 7,338 shares of the company’s stock, valued at $351,196.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. First Manhattan Co. acquired a new position in Tesoro Logistics during the 3rd quarter worth approximately $150,000. Duff & Phelps Investment Management Co. acquired a new position in Tesoro Logistics during the 3rd quarter worth approximately $24,046,000. BB&T Corp acquired a new position in Tesoro Logistics during the 3rd quarter worth approximately $501,000. Dividend Assets Capital LLC acquired a new position in Tesoro Logistics during the 3rd quarter worth approximately $32,804,000. Finally, Center Coast Capital Advisors LP acquired a new position in Tesoro Logistics during the 3rd quarter worth approximately $304,622,000. 56.36% of the stock is currently owned by institutional investors and hedge funds.
About Tesoro 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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