Equities research analysts expect Andeavor Logistics (NYSE:ANDX) to announce sales of $1.09 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Andeavor Logistics’ earnings. The lowest sales estimate is $1.06 billion and the highest is $1.13 billion. Andeavor Logistics posted sales of $420.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 159.5%. The business is scheduled to report its next earnings report after the market closes on Monday, May 7th.

According to Zacks, analysts expect that Andeavor Logistics will report full year sales of $4.58 billion for the current financial year, with estimates ranging from $4.49 billion to $4.72 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.82 billion per share, with estimates ranging from $4.55 billion to $5.16 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Andeavor Logistics.

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Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.21). Andeavor Logistics had a net margin of 14.67% and a return on equity of 19.31%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $519.00 million.

Several equities analysts have recently issued reports on ANDX shares. Citigroup started coverage on Andeavor Logistics in a research note on Monday, January 22nd. They set a “buy” rating and a $52.52 target price on the stock. Zacks Investment Research raised Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, January 17th. Bank of America started coverage on Andeavor Logistics in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $58.00 target price on shares of Andeavor Logistics in a research note on Friday, February 23rd. Finally, Seaport Global Securities reissued a “buy” rating on shares of Andeavor Logistics in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Andeavor Logistics currently has a consensus rating of “Buy” and a consensus price target of $54.07.

Shares of ANDX traded up $2.32 during mid-day trading on Monday, hitting $47.99. 522,378 shares of the company’s stock traded hands, compared to its average volume of 518,625. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. Andeavor Logistics has a 1 year low of $42.17 and a 1 year high of $55.66. The stock has a market capitalization of $9,917.88, a PE ratio of 19.12, a price-to-earnings-growth ratio of 3.96 and a beta of 1.25.

In related news, Director Jeff A. Stevens bought 28,134 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were purchased at an average cost of $46.14 per share, with a total value of $1,298,102.76. Following the completion of the purchase, the director now owns 300,119 shares in the company, valued at approximately $13,847,490.66. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens bought 41,835 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $47.29 per share, for a total transaction of $1,978,377.15. Following the completion of the purchase, the director now owns 259,474 shares of the company’s stock, valued at approximately $12,270,525.46. The disclosure for this purchase can be found here. Over the last three months, insiders bought 83,929 shares of company stock worth $3,944,382. Insiders own 0.15% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in shares of Andeavor Logistics by 148.1% in the fourth quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 1,481 shares during the last quarter. Barnett & Company Inc. bought a new position in shares of Andeavor Logistics during the third quarter valued at $136,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Andeavor Logistics during the fourth quarter valued at $155,000. MHI Funds LLC bought a new position in shares of Andeavor Logistics during the fourth quarter valued at $157,000. Finally, Captrust Financial Advisors bought a new position in shares of Andeavor Logistics during the fourth quarter valued at $162,000. 40.13% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Andeavor Logistics (NYSE:ANDX)

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