Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Andeavor Logistics (ANDX) Share Price

Press coverage about Andeavor Logistics (NYSE:ANDX) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Andeavor Logistics earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.3379371489402 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Andeavor Logistics (ANDX) traded up $0.88 during mid-day trading on Friday, hitting $45.45. The stock had a trading volume of 791,668 shares, compared to its average volume of 420,950. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $9,679.00, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 3.86 and a beta of 1.28. Andeavor Logistics has a 12 month low of $42.17 and a 12 month high of $55.79.

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Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.21). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. analysts predict that Andeavor Logistics will post 2.89 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, January 17th. Citigroup assumed coverage on Andeavor Logistics in a research note on Monday, January 22nd. They issued a “buy” rating and a $52.52 price objective for the company. Bank of America assumed coverage on Andeavor Logistics in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Credit Suisse Group assumed coverage on Andeavor Logistics in a research note on Thursday, January 4th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $58.00 price objective on shares of Andeavor Logistics in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.66.

In related news, Director Jeff A. Stevens acquired 1,980 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $46.90 per share, with a total value of $92,862.00. Following the acquisition, the director now owns 240,150 shares of the company’s stock, valued at approximately $11,263,035. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff A. Stevens acquired 28,134 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average cost of $46.14 per share, for a total transaction of $1,298,102.76. Following the acquisition, the director now directly owns 300,119 shares in the company, valued at approximately $13,847,490.66. The disclosure for this purchase can be found here. Insiders have bought a total of 83,929 shares of company stock valued at $3,944,382 in the last quarter. 0.15% of the stock is owned by corporate insiders.

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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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