Andeavor Logistics (ANDX) Set to Announce Earnings on Thursday
Andeavor Logistics (NYSE:ANDX) is set to post its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Andeavor Logistics to post earnings of $0.80 per share for the quarter.
Shares of Andeavor Logistics (NYSE ANDX) opened at $49.83 on Wednesday. Andeavor Logistics has a 1 year low of $42.18 and a 1 year high of $60.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $10,700.00, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $4.00 dividend on an annualized basis and a yield of 8.03%. This is an increase from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s payout ratio is currently 168.07%.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays reduced their target price on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. BidaskClub upgraded Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Citigroup began coverage on Andeavor Logistics in a report on Monday, January 22nd. They issued a “buy” rating and a $52.52 price objective on the stock. Finally, Jefferies Group boosted their price objective on Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.15.
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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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