Brokerages Anticipate Andeavor Logistics LP (ANDX) to Post $0.69 Earnings Per Share

Analysts forecast that Andeavor Logistics LP (NYSE:ANDX) will post $0.69 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Andeavor Logistics’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.72. Andeavor Logistics posted earnings per share of $0.59 during the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The firm is expected to report its next earnings results on Monday, May 6th.

According to Zacks, analysts expect that Andeavor Logistics will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.78 to $3.06. For the next fiscal year, analysts forecast that the firm will post earnings of $3.25 per share, with EPS estimates ranging from $2.99 to $3.53. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Andeavor Logistics.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $647.48 million. Andeavor Logistics had a net margin of 26.47% and a return on equity of 18.11%. The business’s revenue was down 44.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine cut shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Finally, Barclays started coverage on shares of Andeavor Logistics in a research note on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.31.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its stake in Andeavor Logistics by 0.6% during the 4th quarter. Stifel Financial Corp now owns 77,687 shares of the oil and gas company’s stock worth $2,523,000 after acquiring an additional 489 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Andeavor Logistics by 36.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 1,525 shares during the period. Bessemer Group Inc. bought a new stake in Andeavor Logistics during the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC bought a new stake in Andeavor Logistics during the 3rd quarter worth approximately $106,000. Finally, BlackRock Inc. raised its stake in Andeavor Logistics by 1.3% during the 4th quarter. BlackRock Inc. now owns 259,304 shares of the oil and gas company’s stock worth $8,425,000 after acquiring an additional 3,293 shares during the period. Institutional investors own 34.35% of the company’s stock.

Shares of NYSE ANDX traded up $0.39 during trading on Monday, reaching $35.26. 623,607 shares of the company traded hands, compared to its average volume of 666,641. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.10. The company has a market cap of $8.56 billion, a PE ratio of 13.72, a PEG ratio of 1.55 and a beta of 1.60. Andeavor Logistics has a 52-week low of $31.49 and a 52-week high of $50.82.

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

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