Somewhat Positive News Coverage Somewhat Unlikely to Impact Andeavor Logistics (ANDX) Share Price
Headlines about Andeavor Logistics (NASDAQ:ANDX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Andeavor Logistics earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7442737266395 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Andeavor Logistics (NASDAQ ANDX) opened at 49.84 on Monday. The company has a 50 day moving average of $49.61 and a 200 day moving average of $52.20. The firm has a market cap of $5.39 billion and a price-to-earnings ratio of 28.64. Andeavor Logistics has a 1-year low of $43.00 and a 1-year high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $441.69 million. Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%. On average, equities analysts forecast that Andeavor Logistics will post $2.54 earnings per share for the current fiscal year.
ANDX has been the subject of a number of research reports. Credit Suisse Group lifted their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. BidaskClub raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation reduced their price objective on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised shares of Andeavor Logistics to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.80.
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In other news, insider Steven Sterin purchased 1,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $47.86 per share, for a total transaction of $47,860.00. Following the completion of the purchase, the insider now directly owns 7,338 shares in the company, valued at approximately $351,196.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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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