Andeavor Logistics LP (NYSE:ANDX) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Thursday, May 9th will be given a dividend of 1.03 per share by the oil and gas company on Wednesday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 12.12%. The ex-dividend date is Wednesday, May 8th.
Andeavor Logistics has a payout ratio of 151.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Andeavor Logistics to earn $3.26 per share next year, which means the company may not be able to cover its $4.12 annual dividend with an expected future payout ratio of 126.4%.
Shares of Andeavor Logistics stock opened at $33.98 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.10. Andeavor Logistics has a 52-week low of $31.49 and a 52-week high of $50.82. The company has a market capitalization of $8.42 billion, a PE ratio of 13.22, a PEG ratio of 1.34 and a beta of 1.55.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data 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 18.11% and a net margin of 26.47%. The firm had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $647.48 million. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 44.1% on a year-over-year basis. On average, equities research analysts expect that Andeavor Logistics will post 2.93 earnings per share for the current fiscal year.
ANDX has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. ValuEngine downgraded shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Andeavor Logistics has a consensus rating of “Hold” and a consensus target price of $46.30.
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About Andeavor Logistics
Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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