Andeavor Logistics (ANDX) Cut to “Strong Sell” at ValuEngine

Andeavor Logistics (NYSE:ANDX) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Monday, February 4th.

Several other research analysts have also weighed in on the stock. Credit Suisse Group started coverage on shares of Andeavor Logistics in a report on Thursday, October 11th. They set an “underperform” rating and a $46.00 price objective for the company. Raymond James cut shares of Andeavor Logistics from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Royal Bank of Canada decreased their price target on shares of Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating for the company in a report on Tuesday, November 6th. Finally, Citigroup reduced their price objective on shares of Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.93.

Andeavor Logistics stock traded up $0.10 during midday trading on Monday, reaching $35.28. The company had a trading volume of 322,741 shares, compared to its average volume of 614,538. The firm has a market capitalization of $8.66 billion, a PE ratio of 13.73, a P/E/G ratio of 2.14 and a beta of 1.65. Andeavor Logistics has a 12-month low of $31.49 and a 12-month high of $50.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18.

Andeavor Logistics (NYSE:ANDX) last issued 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). Andeavor Logistics had a return on equity of 19.28% and a net margin of 26.47%. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $647.48 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was down 44.1% compared to the same quarter last year. On average, sell-side analysts predict that Andeavor Logistics will post 3.05 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its stake in shares of Andeavor Logistics by 0.6% in the 4th quarter. Stifel Financial Corp now owns 77,687 shares of the oil and gas company’s stock valued at $2,523,000 after purchasing an additional 489 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Andeavor Logistics by 36.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 1,525 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Andeavor Logistics during the 4th quarter valued at about $56,000. Tortoise Index Solutions LLC lifted its stake in Andeavor Logistics by 14.5% in the 3rd quarter. Tortoise Index Solutions LLC now owns 15,425 shares of the oil and gas company’s stock valued at $749,000 after buying an additional 1,948 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Andeavor Logistics in the 3rd quarter valued at approximately $106,000. 34.22% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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