Andeavor Logistics (ANDX) Set to Announce Earnings on Wednesday

Andeavor Logistics (NYSE:ANDX) will be releasing its earnings data before the market opens on Wednesday, November 7th. Analysts expect Andeavor Logistics to post earnings of $0.71 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings results 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). Andeavor Logistics had a return on equity of 18.81% and a net margin of 16.45%. The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $527.61 million. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, analysts expect Andeavor Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Andeavor Logistics stock opened at $39.68 on Wednesday. Andeavor Logistics has a fifty-two week low of $39.17 and a fifty-two week high of $55.21. The stock has a market cap of $8.90 billion, a P/E ratio of 15.81, a PEG ratio of 4.44 and a beta of 1.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.92 and a current ratio of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Monday, November 5th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 2nd. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.97. This represents a $4.12 annualized dividend and a yield of 10.38%. Andeavor Logistics’s payout ratio is 164.14%.

In other Andeavor Logistics news, Director Jeff A. Stevens purchased 18,256 shares of the stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $48.70 per share, with a total value of $889,067.20. Following the completion of the transaction, the director now directly owns 450,193 shares in the company, valued at approximately $21,924,399.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens purchased 56,700 shares of the stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $48.79 per share, for a total transaction of $2,766,393.00. Following the transaction, the director now owns 402,954 shares of the company’s stock, valued at $19,660,125.66. The disclosure for this purchase can be found here. In the last three months, insiders bought 182,017 shares of company stock worth $8,984,283. Insiders own 0.15% of the company’s stock.

A number of research analysts have weighed in on ANDX shares. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. SunTrust Banks set a $51.00 target price on shares of Andeavor Logistics and gave the company a “buy” rating in a research note on Sunday, August 19th. Raymond James cut shares of Andeavor Logistics from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. Finally, Mitsubishi UFJ Financial Group boosted their target price on shares of Andeavor Logistics to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Andeavor Logistics currently has an average rating of “Hold” and an average target price of $52.71.

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.

Further Reading: Technical Analysis

Earnings History for Andeavor Logistics (NYSE:ANDX)

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