Andeavor Logistics LP (ANDX) Receives $50.67 Consensus Price Target from Brokerages

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Shares of Andeavor Logistics LP (NYSE:ANDX) have been given a consensus recommendation of “Hold” by the twenty ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.67.

Several analysts recently weighed in on ANDX shares. ValuEngine downgraded Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 28th. Deutsche Bank started coverage on Andeavor Logistics in a research note on Thursday, April 19th. They set a “hold” rating and a $52.00 target price for the company. Citigroup decreased their target price on Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, March 27th. Morgan Stanley downgraded Andeavor Logistics from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research note on Wednesday, May 2nd. Finally, Seaport Global Securities restated a “buy” rating and set a $48.00 target price on shares of Andeavor Logistics in a research note on Monday, April 9th.

ANDX opened at $42.81 on Friday. The stock has a market cap of $9.30 billion, a PE ratio of 16.22, a P/E/G ratio of 4.38 and a beta of 1.23. Andeavor Logistics has a 52-week low of $40.66 and a 52-week high of $55.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.46.

Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings results on Monday, May 7th. The oil and gas company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.05). Andeavor Logistics had a return on equity of 19.18% and a net margin of 15.88%. The company had revenue of $535.00 million for the quarter, compared to the consensus estimate of $1.06 billion. The company’s revenue was up 27.4% on a year-over-year basis. equities research analysts forecast that Andeavor Logistics will post 2.87 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in Andeavor Logistics by 148.1% in the 4th quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 1,481 shares in the last quarter. US Bancorp DE raised its holdings in Andeavor Logistics by 5.4% in the 1st quarter. US Bancorp DE now owns 28,989 shares of the oil and gas company’s stock valued at $1,299,000 after acquiring an additional 1,491 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Andeavor Logistics by 3.2% in the 1st quarter. Neuberger Berman Group LLC now owns 60,678 shares of the oil and gas company’s stock valued at $2,719,000 after acquiring an additional 1,866 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Andeavor Logistics by 7.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 31,100 shares of the oil and gas company’s stock valued at $1,394,000 after acquiring an additional 2,095 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Andeavor Logistics by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 88,943 shares of the oil and gas company’s stock valued at $3,986,000 after acquiring an additional 2,099 shares in the last quarter. 38.46% of the stock is owned by hedge funds and other institutional investors.

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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