Brokerages forecast that Andeavor Logistics LP (NYSE:ANDX) will report $0.71 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Andeavor Logistics’ earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.62. Andeavor Logistics reported earnings per share of $0.90 during the same quarter last year, which would indicate a negative year-over-year growth rate of 21.1%. The company is expected to issue its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Andeavor Logistics will report full-year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.58 to $2.94. For the next year, analysts anticipate that the business will report earnings of $3.35 per share, with EPS estimates ranging from $2.86 to $3.76. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for 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 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.

Several equities analysts recently weighed in on ANDX shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Andeavor Logistics in a research report on Friday, June 1st. ValuEngine raised shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Bank of America lowered shares of Andeavor Logistics from a “neutral” rating to an “underperform” rating and set a $55.00 price objective on the stock. in a research report on Wednesday, July 18th. Zacks Investment Research lowered shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.82.

Shares of ANDX opened at $48.43 on Thursday. The company has a market cap of $10.90 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 5.42 and a beta of 1.46. 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.

In related news, Director Jeff A. Stevens acquired 18,256 shares of the stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of $48.70 per share, for a total transaction of $889,067.20. Following the completion of the purchase, the director now owns 450,193 shares in the company, valued at approximately $21,924,399.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff A. Stevens acquired 48,374 shares of the stock in a transaction dated Friday, August 10th. The stock was bought at an average price of $49.41 per share, for a total transaction of $2,390,159.34. Following the purchase, the director now owns 345,119 shares of the company’s stock, valued at approximately $17,052,329.79. 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 made changes to their positions in ANDX. Neuberger Berman Group LLC grew its stake in shares of Andeavor Logistics by 3.2% in the first quarter. Neuberger Berman Group LLC now owns 60,678 shares of the oil and gas company’s stock worth $2,719,000 after acquiring an additional 1,866 shares during the last quarter. US Bancorp DE grew its stake in shares of Andeavor Logistics by 5.4% in the first quarter. US Bancorp DE now owns 28,989 shares of the oil and gas company’s stock worth $1,299,000 after acquiring an additional 1,491 shares during the last quarter. Northern Trust Corp grew its stake in shares of Andeavor Logistics by 10.8% in the first quarter. Northern Trust Corp now owns 88,241 shares of the oil and gas company’s stock worth $3,954,000 after acquiring an additional 8,585 shares during the last quarter. BlackRock Inc. grew its stake in shares of Andeavor Logistics by 0.8% in the first quarter. BlackRock Inc. now owns 401,274 shares of the oil and gas company’s stock worth $17,981,000 after acquiring an additional 3,118 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Andeavor Logistics by 59.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 20,095 shares of the oil and gas company’s stock worth $901,000 after acquiring an additional 7,466 shares during the last quarter. Institutional investors and hedge funds own 38.06% of the company’s stock.

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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Earnings History and Estimates for Andeavor Logistics (NYSE:ANDX)

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