News articles about Andeavor Logistics (NYSE:ANDX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Andeavor Logistics earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 44.9955275999883 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Moving Average Crossover Alert: Tesoro Logistics LP (ANDX) (finance.yahoo.com)
- Andeavor Logistics (ANDX) Raised to “Sell” at BidaskClub (americanbankingnews.com)
- Andeavor Logistics (ANDX) Now Covered by Bank of America (americanbankingnews.com)
- Citigroup Lowers Andeavor Logistics (ANDX) Price Target to $55.00 (americanbankingnews.com)
- Andeavor Logistics (ANDX) Earns Buy Rating from Analysts at Citigroup (americanbankingnews.com)
Shares of NYSE:ANDX traded up $0.09 during midday trading on Monday, reaching $44.90. The company’s stock had a trading volume of 516,809 shares, compared to its average volume of 540,844. The company has a market capitalization of $9,731.12, a PE ratio of 17.89, a P/E/G ratio of 3.88 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. Andeavor Logistics has a 12-month low of $42.17 and a 12-month high of $55.79.
ANDX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, February 26th. Credit Suisse Group initiated coverage on shares of Andeavor Logistics in a research report on Thursday, January 4th. They set a “neutral” rating and a $48.00 price objective on the stock. Citigroup initiated coverage on shares of Andeavor Logistics in a research report on Monday, January 22nd. They set a “buy” rating and a $52.52 price objective on the stock. Seaport Global Securities reissued a “buy” rating on shares of Andeavor Logistics in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $58.00 price objective on shares of Andeavor Logistics in a research report on Friday, February 23rd. Two 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. Andeavor Logistics currently has a consensus rating of “Buy” and a consensus target price of $54.85.
In other Andeavor Logistics news, Director Jeff A. Stevens bought 28,134 shares of Andeavor Logistics 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 transaction, the director now directly owns 300,119 shares of the company’s stock, valued at $13,847,490.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens bought 41,835 shares of Andeavor Logistics stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $47.29 per share, for a total transaction of $1,978,377.15. Following the completion of the transaction, the director now directly owns 259,474 shares in the company, valued at $12,270,525.46. The disclosure for this purchase can be found here. Insiders bought a total of 83,929 shares of company stock worth $3,944,382 over the last ninety days. Insiders own 0.15% of the company’s stock.
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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