News headlines about Andeavor Logistics (NASDAQ:ANDX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Andeavor Logistics earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.3630276080931 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages have commented on ANDX. Scotiabank reiterated a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a report on Thursday, August 17th. Mitsubishi UFJ Financial Group upgraded shares of Andeavor Logistics to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, August 16th. Bank of America Corporation lowered their price target on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. BidaskClub raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Andeavor Logistics has a consensus rating of “Hold” and a consensus target price of $59.80.
Andeavor Logistics (ANDX) opened at 49.81 on Tuesday. The firm has a market capitalization of $5.38 billion and a P/E ratio of 28.63. The stock’s 50 day moving average price is $49.61 and its 200-day moving average price is $52.20. Andeavor Logistics has a 12 month low of $43.00 and a 12 month high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last released its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $413.00 million for 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%. Equities analysts forecast that Andeavor Logistics will post $2.54 earnings per share for the current year.
In other news, insider Steven Sterin acquired 1,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 7,338 shares in the company, valued at approximately $351,196.68. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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Andeavor Logistics Company Profile
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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