Stock in Focus: Andeavor Logistics LP (ANDX)

Company Profile:

Andeavor Logistics LP is a fee-based, full-service, diversified midstream logistics company, with integrated assets across the western and mid-continent regions of the United States. Andeavor Logistics operates through three business segments: Terminalling and Transportation, Gathering and Processing and Wholesale. The Terminalling and Transportation segment consists of marine terminals, refined product truck terminals, rail terminals, dedicated storage facilities and transportation pipelines. The Gathering and Processing segment consists of crude oil gathering systems and pipelines as well as natural gas gathering pipelines, processing facilities and fractionation facilities. The Wholesale segment consists of a fee-based fuel wholesale business. Andeavor Logistics is a Delaware limited partnership formed by Andeavor, headquartered in San Antonio, Texas.

Recent News:

On May 7, 2018, the company reported first quarter net earnings of $139 million, or $0.59 per diluted common limited partner unit, and EBITDA of $273 million.

On April 18, 2018, the company announced the declaration of its quarterly cash distribution for the first quarter 2018 of $1.015 per limited partnership unit, or $4.06 on an annualized basis.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ANDX’s strengths can be seen in its strong growth and robust profitablity compared with its peers. Its revenue and earnings have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic Oscillator, RSI is strong in the bullish zone and MACD is trying to cross back up. We rate Andeavor Logistics LP (ANDX) a STRONG BUY.

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